S&P Default Rate definition
S&P Default Rate means, with respect to all Collateral Obligations with an S&P Rating of "CCC-" or higher, the default rate determined in accordance with Table 1 below using such Collateral Obligation's S&P Rating and the number of years to maturity (determined using linear interpolation if the number of years to maturity is not an integer).
S&P Default Rate. With respect to a Collateral Obligation, the default rate as determined in accordance with Section 3 of Schedule 4 hereto. If the number of years to maturity is not an integer, the default rate is determined using linear interpolation.
S&P Default Rate. With respect to a Collateral Obligation, the default rate as determined in accordance with Section 4 of Schedule 5 hereto
More Definitions of S&P Default Rate
S&P Default Rate. With respect to all Collateral Obligations with an S&P Rating of “CCC‑” or higher, the default rate determined in accordance with Table 1 below using such Collateral Obligation’s S&P Rating and the number of years to maturity (determined using linear interpolation if the number of years to maturity is not an integer).
S&P Default Rate means, with respect to all Collateral Debt Obligations, the default rate determined in accordance with AnnexB (S&P Default Rate Table) of this Prospectus using such Collateral Debt Obligation's S&P Rating and the number of years to maturity (determined using linear interpolation if the number of years to maturity is not an integer).
S&P Default Rate means, with respect to all Collateral Obligations with an S&P Rating of “CCC-” or higher, the default rate determined in accordance with S&P’s default rate table (see “CDO Evaluator 7.2 Parameters Required to Calculate S&P Global Ratings Portfolio Benchmarks,” or such other published table by S&P that the Portfolio Manager provides to the Collateral Administrator) using such Collateral Obligation’s S&P Rating and the number of years to maturity (determined using linear interpolation if the number of years to maturity is not an integer).
S&P Default Rate means, with respect to all S&P CLO Specified Assets, the default rate determined in accordance with Annex B (S&P Default Rate Table) of this Prospectus using such S&P CLO Specified Assets' S&P Rating and the number of years to maturity (determined using linear interpolation if the number of years to maturity is not an integer).