S&P Recovery Rate Matrix definition
S&P Recovery Rate Matrix means the S&P Recovery Rate Matrix set forth on Schedule E.
S&P Recovery Rate Matrix means a recovery rate for the Loans between 33% and 55% (in increments of 0.05%) as determined by the Services Provider in its reasonable discretion.
S&P Recovery Rate Matrix means a recovery rate between 40% and 65% (in increments of 05%).
More Definitions of S&P Recovery Rate Matrix
S&P Recovery Rate Matrix means the following matrix:
S&P Recovery Rate Matrix means a recovery rate between [ ]% and [ ]% (in increments of 0.01%). As of the First Refinancing Date, the Asset Manager elects the following Weighted Average S&P Recovery Rate: [ ]%.
S&P Recovery Rate Matrix. ” means the S&P Recovery Rate Matrix set forth on Schedule E.
S&P Recovery Rate Matrix means a recovery rate for the Loans between 35.00% and 55.00% (in increments of 0.05%) as determined by the Servicer in its reasonable discretion. "S&P Region Classification" means with respect to a Collateral Loan, the applicable classification set forth in the table titled "S&P Region Classifications" in Schedule D. "S&P Weighted Average Floating Spread Matrix" means a spread between 3.00% and 7.00% (in increments of 0.01%) without exceeding the current Weighted Average Spread (determined as if all Discount Loans instead constituted Collateral Loans that are not Discount Loans) as of such Measurement Date. "S&P Weighted Average Life Matrix" means a weighted average life value between 0 and 6.0 (rounded to the nearest 0.05) as determined by the Servicer in its reasonable discretion. "S&P Weighted Average Rating Factor" means the quotient equal to 'A divided by B', where: A = the sum of the products, for all Collateral Loans (excluding Defaulted Loans) of (i) the Principal Balance of the Collateral Loans and (ii) the S&P Rating Factor of the Collateral Loan; and B = the Aggregate Principal Balance of all Collateral Loans (excluding Defaulted Loans). "Specified Change" means any amendment, consent, modification or waiver of, or supplement to, a Related Contract that (a) extends the final maturity of a Collateral Loan beyond the Stated Maturity, (b) unless the Collateral Quality Tests, the Senior Advance Rate Test and the Overcollateralization Ratio Test are each satisfied, or if not satisfied, maintained or improved, in each case after giving effect thereto, reduces or forgives the principal amount of a Collateral Loan (other than a Defaulted Loan that has been a Defaulted Loan for one year or more), (c) reduces the rate of interest payable on a Collateral Loan below a rate of (i) 4.00% per annum in the case of a Fixed Rate Obligation and (ii) SOFR (or other applicable benchmark rate) plus 2.50% per annum in the case of a Floating Rate Obligation, (d) postpones the Due Date of any Scheduled Distribution in respect of a Collateral Loan, unless the Maximum Weighted Average Life Test is satisfied after giving effect to such change, (e) subordinates (in right of payment, with respect to liquidation
S&P Recovery Rate Matrix means a recovery rate between 20.0% and 100.0% (in increments of 0.01%). Unless the Asset Manager otherwise notifies S&P in writing on or prior to the First Refinancing Date, as of the First Refinancing Date the Asset Manager will elect the following Weighted Average S&P Recovery Rate: 37.82%.