S DEFAULT PROBABILITY RATING Clause Samples
The 'S Default Probability Rating' clause establishes a method for assessing the likelihood that a party will default on its obligations under the agreement. Typically, this involves assigning a credit rating or probability score to the party based on financial metrics, credit agency ratings, or other risk assessment tools. By quantifying default risk, the clause enables parties to make informed decisions about risk management, pricing, or collateral requirements, ultimately helping to allocate risk and protect against potential losses from default.
S DEFAULT PROBABILITY RATING. With respect to any Collateral Obligation (other than a DIP Collateral Obligation):
S DEFAULT PROBABILITY RATING. With respect to a Collateral Obligation, if the obligor of such Collateral Obligation has a CFR, then such CFR;
S DEFAULT PROBABILITY RATING. With respect to a Loan Asset, if the obligor of such Loan Asset has a CFR, then such CFR;
S DEFAULT PROBABILITY RATING. With respect to a Collateral Asset, if the Obligor of such Collateral Asset has a CFR, then such CFR;