CCC Obligation definition

CCC Obligation means a Collateral Debt Obligation (other than a Defaulted Obligation) which has

CCC Obligation means each Moody’s CCC Obligation, if the Aggregate Principal Balance of all Moody’s CCC Obligations is greater than or equal to the Aggregate Principal Balance of all S&P CCC Obligations, otherwise each S&P CCC Obligation.

CCC Obligation means a Collateral Debt Obligation (other than a Defaulted Obligation or a Current Pay Obligation) which has (a) a Moody’s Rating of “Caa1” or less or (b) an S&P Rating of “CCC+” or less.

Examples of CCC Obligation in a sentence

• Generally, deteriorations in the business environment or increases in the business risks facing any particular Obligor may result in downgrade of its obligations, which may result in such obligation becoming a Credit Risk Obligation, a Caa Obligation or CCC Obligation (and therefore potentially subject to haircuts in the determination of the Par Value Tests and restriction in the Portfolio Profile Tests) or a Defaulted Obligation.

• Generally, deteriorations in the business environment or increases in the business risks facing any particular Obligor may result in downgrade of its obligations, which may result in such obligation becoming a Credit Risk Obligation, a Moody’s Caa Obligation or Fitch CCC Obligation (and therefore potentially subject to haircuts in the determination of the Par Value Tests and restriction in the Portfolio Profile Tests) or a Defaulted Obligation.

• Generally, deteriorations in the business environment or increases in the business risks facing any particular Obligor may result in downgrade of its obligations, which may result in such obligation becoming a Credit Impaired Obligation, a CCC Obligation, a Caa Obligation or a Defaulted Obligation (and therefore potentially subject to haircuts in the determination of the Par Value Tests and the Reinvestment Overcollateralisation Test and restriction in the Portfolio Profile Tests).

• Generally, deteriorations in the business environment or increases in the business risks facing any particular Obligor may result in downgrade of its obligations, which may result in such obligation becoming a Credit Impaired Obligation, a CCC Obligation or Caa Obligation (and therefore potentially subject to haircuts in the determination of the Par Value Tests and restriction in the Portfolio Profile Tests) or a Defaulted Obligation.

• Generally, deteriorations in the business environment or increases in the business risks facing any particular Obligor may result in downgrade of its obligations, which may result in such obligation becoming a Credit Risk Obligation, a CCC Obligation, a Caa Obligation or a Defaulted Obligation (and therefore potentially subject to haircuts in the determination of the Par Value/Coverage Tests and the Reinvestment Overcollateralisation Test and restriction in the Portfolio Profile Tests).

More Definitions of CCC Obligation

CCC Obligation means, at any time, any Collateral Debt Obligation that has been ascribed a Moody's Rating of Caa1 or lower by Moody's or an S&P Rating of CCC+or lower by S&P, provided that if any Collateral Debt Obligation falls within the definition of both:

CCC Obligation means a Collateral Debt Obligation (other than a Defaulted Obligation) which has a Fitch Rating of “CCC+” or less; or (b) a S&P Rating of “CCC+” or less.

CCC Obligation means a Collateral Debt Obligation (other than a Defaulted Obligation) which has Moody's Ratings of " Caa1" or less; or (b) an S&P Rating of " CCC+" or less.

CCC Obligation means each Moody's Caa Obligation, if the Aggregate Principal Balance of all Moody's Caa Obligations is greater than or equal to the Aggregate Principal Balance of all S&P CCC Obligations, otherwise each S&P CCC Obligation.

CCC Obligation means each obligation which is a Moody’s CCC Obligation or a S&P CCC Obligation.

CCC Obligation means a Collateral Debt Obligation (other than a Defaulted Obligation) which (a) has a Moody’s Rating of "Caa1" or below (or in the case of a Collateral Debt Obligation in respect of which Moody's has provided a private credit estimate, where the Moody's Rating Factor is 4080 or greater) or (b) an S&P Rating of "CCC+" or below.

CCC Obligation means, as of any Measurement Date, any Underlying Asset (other than a Defaulted Obligation) for which the Standard & Poor’s Rating is below “B-.”