Examples of Corresponding Reference in a sentence
The expected initial credit enhancement is expressed as a percentage of the Cut-off Date Balance of the Corresponding Reference Pool.
Represents the initial subordination and initial credit enhancement of such Class or Classes of Reference Tranches, which is equal to the percentage of the Cut-off Date Balance of the Corresponding Reference Pool represented by the aggregate initial Class Notional Amount of the Class or Classes of Reference Tranches subordinate to the subject Class or Classes of Reference Tranches.
Each Class of Securities (other than the Classes of Offered Securities) will have a Corresponding Reference Tranche for the purpose of making calculations of principal payments required to be made by the Issuer and reductions and increases in the principal amount of such Class of Securities.
The Sponsor will provide to any Holder of a Note and any prospective transferees designated by any such Holder, information regarding such Note and the Corresponding Reference Pool and such other information as is necessary to satisfy the condition to eligibility set forth in Rule 144A(d)(4) for transfer of any such Note without registration thereof under the Securities Act pursuant to the registration exemption provided by Rule 144A.
This represents a 20% change compared to the control group of firms that never received the information.Finally, Column (3) demonstrates similar trends when business fixed effects are taken into account, utilizing the time series on each firm.
Corresponding Reference PoolWith respect to (i) the Class B-2A Notes and the Reference Tranches related to Reference Pool A, Reference Pool A, (ii) the Class B-2B Notes and the Reference Tranches related to Reference Pool B, Reference Pool B, (iii) the Class B-2C Notes and the Reference Tranches related to Reference Pool C, Reference Pool C and (iv) the Class B-2D Notes and the Reference Tranches related to Reference Pool D, Reference Pool D.
The rate and extent of actual defaults experienced on the Corresponding Reference Obligations are likely to differ from those assumed and may differ significantly.
This credit event rate (or “CER”) does not purport to be either an historical description of the default experience of the Corresponding Reference Obligations or a prediction of the anticipated rate of defaults on the Corresponding Reference Obligations.
Partial Termination EventWith respect to any Reference Pool, means the occurrence of one or more of the following:(a) the aggregate UPB of the Corresponding Reference Obligations is less than or equal to 10% of the Cut-off Date Balance of such Reference Pool; or(b) the Corresponding Class of Notes remains outstanding on or after the Payment Date in the calendar month prior to December 2029.
A rate of 1.0% CER assumes the Corresponding Reference Obligations become Credit Event Reference Obligations at an annual rate of 1.0% which remains in effect through the remaining lives of such Corresponding Reference Obligations.