Examples of S&P CDO Monitor Test in a sentence
The S&P CDO Monitor Test will be considered to be improved if each Class Default Differential of the Proposed Portfolio is greater than the corresponding Class Default Differential of the Current Portfolio.
This test will be satisfied on any date of determination if the Weighted Average S&P Recovery Rate for each Class of Secured Notes outstanding equals or exceeds the Weighted Average S&P Recovery Rate for such Class selected by the Portfolio Manager in connection with the S&P CDO Monitor Test.
The S&P CDO Monitor Test will be satisfied on any date of determination if, after giving effect to the sale of a Collateral Obligation or the purchase of a Collateral Obligation, each Class Default Differential of the Proposed Portfolio is positive.
Compliance with the S&P CDO Monitor Test will be measured by the Portfolio Manager on each Measurement Date on or prior to the last day of the Reinvestment Period.
The S&P CDO Monitor Test will be considered to be improved if each Class Loss Differential of the Proposed Portfolio is greater than the corresponding Class Loss Differential of the Current Portfolio.