Caa Obligations definition

Caa Obligations means all Collateral Debt Obligations, excluding Defaulted Obligations, with a Moody’s Rating of “Caa1” or lower.
Sample 1Sample 2Sample 3
Caa Obligations means all Collateral Obligations, excluding Defaulted Obligations with a Moody's Rating of "Caa1" or lower.
Sample 1Sample 2Sample 3
Caa Obligations means Collateral Obligations in respect of which the underlying Obligor has a Moody’s Rating Factor between and including 4770 and 8070.
Sample 1Sample 2Sample 3

Examples of Caa Obligations in a sentence

  • Any change in such methods and standards could result in a significant rise in the number of CCC Obligations and Caa Obligations in the Portfolio, which could cause the Issuer to fail to satisfy the Par Value Tests on subsequent Determination Dates, which failure could lead to the early amortisation of some or all of one or more Classes of the Notes.

  • Any change in such methods and standards could result in a significant rise in the number of Fitch CCC Obligations and Moody’s Caa Obligations in the Portfolio, which could cause the Issuer to fail to satisfy the Par Value Tests on subsequent Determination Dates, which failure could lead to the early amortisation of some or all of one or more Classes of the Notes.

  • Caa: Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit risk.

  • Any change in such methods and standards could result in a significant rise in the number of CCC Obligations and Caa Obligations in the Portfolio, which could result in the failure by the Issuer to satisfy the Par Value Tests on subsequent Determination Dates, which failure could lead to the early amortisation of some or all of one or more Classes of the Notes.

  • Caa Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit risk.

  • Caa Obligations rated Caa are judged to be of poor standing and are subject to very high credit risk.

  • Caa: Obligations rated Caa are judged to be speculative and of poor standing and are subject to ver y high credit risk.

  • Any change in such methods and standards could result in a significant rise in the number of S&P CCC Obligations and Moody's Caa Obligations in the Portfolio, which could cause the Issuer to fail to satisfy the Par Value Tests on subsequent Determination Dates, which failure could lead to the early amortisation of some or all of one or more Classes of the Notes.

  • Any change in such methods and standards could result in a significant rise in the number of CCC Obligations and Caa Obligations or Defaulted Obligations in the Portfolio, which could cause the Issuer to fail to satisfy the Par Value Tests on subsequent Determination Dates, which failure could lead to the early amortisation of some or all of one or more Classes of the Notes or restrict the Issuer (or the Portfolio Manager on its behalf) from reinvesting in substitute Collateral Debt Obligation.

  • Any change in such methods and standards could result in a significant rise in the number of CCC Obligations and Caa Obligations in the Portfolio, which could cause the Issuer to fail to satisfy the Par Value Tests on subsequent Determination Dates, which failurecould lead to the early amortisation of some or all of one or more Classes of the Notes.


More Definitions of Caa Obligations

Caa Obligations means all Collateral Debt Obligations with a Moody’s Rating of “Caa1” or lower, excluding Defaulted Obligations, Current Pay Obligations, Deferring Securities and Discount Obligations.
Sample 1

Related to Caa Obligations

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Loan Document Obligations means (a) the due and punctual payment by the Borrower of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral and (iii) all other monetary obligations of the Borrower under this Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations (including with respect to attorneys’ fees) and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Borrower under or pursuant to this Agreement and each of the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to each of the Loan Documents (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), in each case of clauses (a), (b) and (c), whether now or hereafter owing.