S&P Recovery Rate. With respect to a Collateral Obligation, the recovery rate set forth in Section 1 of Schedule 4 using the Initial Rating of the most senior Class of Secured Notes Outstanding at the time of determination.
S&P Recovery Rate means in respect of any Collateral Debt Obligation, the recovery rate determined in accordance with the Investment Management Agreement or as so advised by S&P.
S&P Recovery Rate means with respect to a Collateral Loan, the recovery rate determined in the manner set forth in Schedule D hereto.
Examples of S&P Recovery Rate in a sentence
On or prior to the later of (x) the S&P CDO Monitor Election Date and (y) the Effective Date, the Collateral Manager will elect the S&P Minimum Weighted Average Recovery Rate that will apply on and after such date to the Collateral Obligations for purposes of determining compliance with the Minimum Weighted Average S&P Recovery Rate Test, and the Collateral Manager will so notify the Trustee and the Collateral Administrator.
More Definitions of S&P Recovery Rate
S&P Recovery Rate means in respect of any Collateral Debt Obligation, the recovery rate applicable to such Collateral Debt Obligation and the recovery rate applicable to the then current rating of the most senior Class of Notes Outstanding determined in accordance with the Investment Management Agreement or as advised by S&P, save for the purposes of the S&P Minimum Weighted Average Recovery Rate Test, for the purposes of which the recovery rate shall be determined in respect of each Collateral Debt Obligation and the then current rating of each applicable Class of Notes determined in accordance with the Investment Management Agreement.
S&P Recovery Rate. With respect to any Collateral Debt Security on any Measurement Date, an amount equal to the percentage for such Collateral Debt Security set forth in Schedule B (the Standard & Poor’s Recovery Matrix) hereto (or, in the case of a Defaulted Security under Clause A of Schedule B (the Standard & Poor’s Recovery Matrix) hereto, corresponding to the S&P Rating at the time of issuance of such Collateral Debt Security).
S&P Recovery Rate means in respect of any Underlying Asset, the recovery rate determined in accordance with the Collateral Management Agreement or as so advised by S&P;
S&P Recovery Rate has the meaning set forth on Schedule F hereto.
S&P Recovery Rate means, with respect to any Asset, the recovery rate determined in the manner set forth below:
S&P Recovery Rate means, with respect to any Collateral Debt Obligation the recovery rate assigned thereto in the S&P’s Recovery Rate Table;
S&P Recovery Rate means, with respect to an Underlying Asset, the recovery rate set forth in Schedule E using the initial rating of the Class A-1 Notes Outstanding at the time of determination.