Sp Cdo Monitor Sample Clauses

Sp Cdo Monitor. On or prior to the Effective Date, the Collateral Manager shall determine the applicable S&P CDO Monitor that shall on and after the Effective Date apply to the Collateral Obligations for purposes of determining compliance with the S&P CDO Monitor Test and shall notify the Trustee, the Collateral Administrator and S&P by providing written notice thereof in the form of Exhibit E. Thereafter, at any time on written notice of at least one Business Day to the Trustee, the Collateral Administrator and S&P in the form of Exhibit E, the Collateral Manager may elect a different S&P CDO Monitor to apply to the Collateral Obligations; provided that if (i) the Collateral Obligations are currently in compliance with the S&P CDO Monitor Test, the Collateral Obligations comply with the S&P CDO Monitor Test after giving effect to such proposed election or (ii) the Collateral Obligations are not currently in compliance with the S&P CDO Monitor Test and would not be in compliance with the S&P CDO Monitor Test after the application of any other S&P CDO Monitor, the Collateral Obligations need not comply with the S&P CDO Monitor Test after the proposed change so long as the Class Default Differential of the Highest Ranking Class increases. If the Collateral Manager does not notify the Trustee, the Collateral Administrator and the Rating Agency then rating a Class of Secured Notes that it will alter the S&P CDO Monitor previously chosen in the manner set forth above, the S&P CDO Monitor previously chosen shall continue to apply.
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Sp Cdo Monitor. Liability Rating of Weighted Average S&P Recovery Rate (in increments of 0.01%): S&P Highest Ranking Class Not Less Than (%) Not Greater Than (%) "AAA" 2.00 % 75.00 % "AA" 4.00 % 85.00 % "A" 6.00 % 88.00 % "BBB+" 8.00 % 90.00 % "BBB-" 8.00 % 90.00 % For purposes of calculating the Collateral Quality Tests, DIP Collateral Obligations will be treated as having an S&P Recovery Rate equal to the S&P Recovery Rate for Senior Secured Loan. The applicable weighted average spread will be the spread between 2.0% and 8.00% (in increments of .01%) without exceeding the Weighted Average Floating Spread (determined for purposes of this definition as if all Discount Obligations instead constituted Collateral Obligations that are not Discount Obligations) as of such Measurement Date. Schedule 5 S&P EQUIVALENT DIVERSITY SCORE CALCULATION The S&P Equivalent Diversity Score is calculated as follows:
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Sp Cdo Monitor. Liability Rating “
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Sp Cdo Monitor. Liability Rating An Amount (in increments of 0.05%) Not Less Than Not Greater Than “AAA” (%) 35.00 % 55.00 % “AA” (%) 40.00 % 65.00 % Weighted Average Floating Spread. A spread between 1.50% and 7.00% (in increments of .01%) without exceeding the Weighted Average Floating Spread (determined as if all Discount Obligations instead constituted Collateral Obligations that are not Discount Obligations) as of such Measurement Date. Section 3. S&P Region Classifications Region Code Region Name Country Code Country Name 17 Africa: Eastern 253 Djibouti 17 Africa: Eastern 291 Eritrea 17 Africa: Eastern 251 Ethiopia 17 Africa: Eastern 254 Kenya 17 Africa: Eastern 252 Somalia 17 Africa: Eastern 249 Sudan 12 Africa: Southern 247 Ascension 12 Africa: Southern 267 Botswana 12 Africa: Southern 266 Lesotho 12 Africa: Southern 230 Mauritius 12 Africa: Southern 264 Namibia 12 Africa: Southern 248 Seychelles 12 Africa: Southern 27 South Africa 12 Africa: Southern 290 St. Helena 12 Africa: Southern 268 Swaziland 13 Africa: Sub-Saharan 244 Angola 13 Africa: Sub-Saharan 226 Burkina Faso 13 Africa: Sub-Saharan 257 Burundi 13 Africa: Sub-Saharan 225 Cote d’lvoire 13 Africa: Sub-Saharan 240 Equatorial Guinea 13 Africa: Sub-Saharan 241 Gabonese Republic 13 Africa: Sub-Saharan 220 Gambia 13 Africa: Sub-Saharan 233 Ghana 13 Africa: Sub-Saharan 224 Guinea 13 Africa: Sub-Saharan 245 Guinea-Bissau 13 Africa: Sub-Saharan 231 Liberia 13 Africa: Sub-Saharan 261 Madagascar 13 Africa: Sub-Saharan 265 Malawi 13 Africa: Sub-Saharan 223 Mali 13 Africa: Sub-Saharan 222 Mauritania 13 Africa: Sub-Saharan 258 Mozambique 13 Africa: Sub-Saharan 227 Niger 13 Africa: Sub-Saharan 234 Nigeria 13 Africa: Sub-Saharan 250 Rwanda 13 Africa: Sub-Saharan 239 Sao Tome & Principe 13 Africa: Sub-Saharan 221 Senegal 13 Africa: Sub-Saharan 232 Sierra Leone 13 Africa: Sub-Saharan 255 Tanzania/Zanzibar 13 Africa: Sub-Saharan 228 Togo 13 Africa: Sub-Saharan 256 Uganda 13 Africa: Sub-Saharan 260 Zambia 13 Africa: Sub-Saharan 263 Zimbabwe 13 Africa: Sub-Saharan 229 Benin 13 Africa: Sub-Saharan 237 Cameroon 13 Africa: Sub-Saharan 238 Cape Verde Islands 13 Africa: Sub-Saharan 236 Central African Republic 13 Africa: Sub-Saharan 235 Chad 13 Africa: Sub-Saharan 269 Comoros 13 Africa: Sub-Saharan 242 Congo-Brazzaville 13 Africa: Sub-Saharan 243 Congo-Kinshasa 3 Americas: Andean 591 Bolivia 3 Americas: Andean 57 Colombia 3 Americas: Andean 593 Ecuador 3 Americas: Andean 51 Peru 3 Americas: Andean 58 Venezuela 4 Americas: Mercos...
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