S&P Default Rate Dispersion definition

S&P Default Rate Dispersion means, with respect to all Collateral Obligations with an S&P Rating of "CCC-" or higher, (A) the sum of the product of (i) the Principal Balance of each such Collateral Obligation and (ii) the absolute value of (x) the S&P Default Rate minus(y) the S&P Expected Portfolio Default Rate divided by (B) the Aggregate Principal Balance for all such Collateral Obligations.
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S&P Default Rate Dispersion means, with respect to all Collateral Obligations with an S&P Rating of “CCC-” or higher, (A) the sum of the product of (i) the principal balance of each such Collateral Obligation and (ii) the absolute value of (x) the S&P Rating Factor for such Collateral Obligations minus (y) the S&P Weighted Average Rating Factor divided by (B) the aggregate principal balance for all such Collateral Obligations.
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S&P Default Rate Dispersion means, with respect to all Collateral Loans with an S&P Rating of “CCC-” or higher, (A) the sum of the product of (i) the Principal Balance of each such Collateral Loan and (ii) the absolute value of (x) the S&P Rating Factor minus (y) the S&P Weighted Average Rating Factor divided by (B) the Aggregate Principal Balance for all such Collateral Loans.
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Examples of S&P Default Rate Dispersion in a sentence

  • S&P Default Rate Dispersion: The value calculated by multiplying the Principal Balance for each S&P CLO Specified Asset by the absolute value of the difference between the S&P Default Rate and the S&P Expected Portfolio Default Rate, then summing the total for the portfolio, then dividing this result by the Aggregate Principal Balance of the S&P CLO Specified Assets.


More Definitions of S&P Default Rate Dispersion

S&P Default Rate Dispersion means the value calculated by multiplying the Principal Balance for each S&P CLO Specified Asset by the absolute value of the difference between the S&P Global Ratings Factor for such S&P CLO Specified Asset and the S&P Weighted Average Rating Factor, then summing the results for all S&P CLO Specified Assets, and dividing this amount by the Aggregate Principal Balance of the S&P CLO Specified Assets.
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S&P Default Rate Dispersion means, with respect to all S&P CLO Specified Assets, (A) the sum of the product of
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S&P Default Rate Dispersion means the value calculated by the Collateral Manager by multiplying the principal balance for each Collateral Obligation with an S&P Rating of "CCC-" or higher by the absolute value of the difference between the Rating Factor (as defined in the definition of S&P Global Ratings Weighted Average Rating Factor) of such
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Related to S&P Default Rate Dispersion

  • Default Rate means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;