Caa Excess definition

Caa Excess means the excess, if any, by which the Aggregate Principal Balance of all Caa Underlying Assets exceeds 7.5% of the Maximum Investment Amount; provided that, in determining which of the Caa Underlying Assets shall be included in the Caa Excess, the Caa Underlying Assets with the lowest Current Market Value Percentage shall be deemed to constitute such Caa Excess.

Caa Excess means the amount equal to the excess of the Principal Balance of all Caa Obligations over an amount equal to 10.0 per cent. of the Collateral Principal Amount as of any Measurement Date; provided that, in determining which of the Caa Obligations shall be included in the Caa Excess, the Caa Obligations with the lowest Market Value (assuming that such Market Value is expressed as a percentage of the Principal Balance of such Collateral Obligations as of such Measurement Date) shall be deemed to constitute such Caa Excess.

Caa Excess means the excess, if any, by which the Aggregate Principal Balance of all Caa Collateral Obligations exceeds 7.5% of the Maximum Investment Amount; provided that, in determining which of the Caa Collateral Obligations shall be included in the Caa Excess, the Caa Collateral Obligations with the lowest Market Value Percentage shall be deemed to constitute such Caa Excess.

Examples of Caa Excess in a sentence

• As of any date of determination, an amount not less than zero, equal to the greater of: (a) the excess of (i) the Aggregate Principal Balance of all Collateral Obligations included in the CCC Excess, minus (ii) the sum of the Market Values of all Collateral Obligations included in the CCC Excess; and (b) the excess of (i) the Aggregate Principal Balance of all Collateral Obligations included in the Caa Excess, minus (ii) the sum of the Market Values of all Collateral Obligations included in the Caa Excess.

• As of any date of determination, an amount equal to the greater of (x) the excess, if any, of (i) the Aggregate Principal Balance of all Collateral Obligations included in the Caa Excess, over (ii) the sum of the Market Values of all Collateral Obligations included in the Caa Excess and (y) the excess, if any, of (i) the Aggregate Principal Balance of all Collateral Obligations included in the CCC Excess, over (ii) the sum of the Market Values of all Collateral Obligations included in the CCC Excess.

• The greater of the Caa Excess Haircut and the CCC Excess Haircut.

• As of any date of determination, an amount equal to the excess, if any, of (a) the Aggregate Principal Balance of all Collateral Obligations included in the Caa Excess over (b) the sum of the Market Values of all Collateral Obligations included in the Caa Excess.

• As of any Determination Date, the excess, if any, of (a) the Aggregate Principal Balance of all Caa Collateral Obligations owned by the Issuer on such date over (b) 7.5% of the Collateral Principal Amount as of such date; provided that, in determining which of the Collateral Obligations shall be included in the Caa Excess, the Caa Collateral Obligations with the lowest Market Value (expressed as a percentage of its Principal Balance) shall be deemed to constitute such Caa Excess.

• As of any date of determination, an amount equal to the excess, if any, of (i) the Aggregate Principal Balance of all Collateral Obligations included in the Caa Excess over (ii) the sum of the Market Values of all Collateral Obligations included in the Caa Excess.

• As of any date of determination, an amount equal to the excess, if any, of (i) the Aggregate Principal Balance of all Collateral Obligations included in the Caa Excess, over (ii) the sum of the Market Values of all Collateral Obligations included in the Caa Excess.

• If the Caa Excess Value is (a) greater than zero, an amount equal to the sum of the products of (i) the Caa Excess Value attributable to each Caa Asset multiplied by (ii) the greater of (A) 100% minus the Market Value of such Caa Asset included in the Caa Excess Value and (B) 0% or (b) equal to or less than zero, 0.

• As of any date of determination, an amount not less than zero, equal to the greater of: (a) the excess of (i) the Aggregate Principal Balance of all Collateral Obligations included in the CCC Excess, minus (ii) the sum of the Market Values of all Collateral Obligations included in the CCC Excess; and (b) the excess of (i) the Aggregate Principal Balance of all Collateral Obligations included in the Caa Excess, minus(ii) the sum of the Market Values of all Collateral Obligations included in the Caa Excess.

• The excess, if any, of (a) the Aggregate Principal Balance of all Caa Collateral Obligations, over (b) 7.5% of the Collateral Principal Amount as of the current Determination Date; provided that in determining which of the Collateral Obligations shall be included in the Caa Excess, the Caa Collateral Obligations with the lowest Market Value expressed as a percentage of par shall be deemed to constitute such Caa Excess.

More Definitions of Caa Excess

Caa Excess. The amount equal to the excess, if any, of the Principal Balance of all Caa Collateral Obligations over an amount equal to 17.5% of the Collateral Principal Amount as of such date of determination; provided that, in determining which of the Caa Collateral Obligations shall be included in the Caa Excess, the Caa Collateral Obligations with the lowest Market Value (expressed as a percentage of the outstanding principal balance of such Collateral Obligations as of such date of determination) shall be deemed to constitute such Caa Excess.

Caa Excess. The excess, if any, of (x) the Aggregate Principal Balance of all Collateral Obligations (other than Defaulted Obligations or Current Pay Obligations) with a rating not higher than “Caal” by Moody’s, over (y) 15% of the Collateral Principal Amount as of the current Determination Date; provided that in determining which of the Collateral Obligations shall be included in the Caa Excess, the Collateral Obligations with the lowest Market Value expressed as a percentage shall be deemed to constitute such Caa Excess.

Caa Excess means, for any date of determination, an amount equal to the excess, if any, of the aggregate principal balance of all Caa Obligations as of such date over 7.5% of the Maximum Investment Amount (or the excess over such lesser percentage as determined by the Collateral Manager in its discretion).