Credit Risk Criteria. The criteria that will be met if, with respect to any Collateral Obligation, any of the following occur:
Credit Risk Criteria means the criteria that will be satisfied in respect of a Collateral Obligation if any of the following apply to such Collateral Obligation, as determined by the Collateral Manager in its reasonable discretion (which judgment will not be called into question as a result of subsequent events):
Credit Risk Criteria means the criteria that will be met with respect to any Collateral Debt Obligation if:
Examples of Credit Risk Criteria in a sentence
Upon the designation of any Credit Risk Obligation using the Credit Risk Criteria, the Portfolio Manager shall notify the Collateral Administrator of any Loan Pricing Change described in clause (i) above.
Investments must meet a minimum credit rating as documented on the Investment Credit Risk Criteria in Schedule 5.1.
If an investment credit rating is downgraded to below the minimum as set out in the Investment Credit Risk Criteria, it will be disposed of as expeditiously as possible without compromising the portfolio.
Upon the designation of any Credit Risk Obligation using the Credit Risk Criteria, the Portfolio Manager shall notify the Collateral Administrator of any Loan Pricing Change or Bond Yield Change described in clause (i) or (ii) above.
Due to the timing of investment maturities, required operational cashflows, and availability of specific investment credits and asset classes in the marketplace, the portfolio from time to time may not be in compliance with the Credit Risk Criteria (Schedule 5.1).
More Definitions of Credit Risk Criteria
Credit Risk Criteria means the criteria that will be met with respect to any Collateral Debt Obligation if any of the following occur:
Credit Risk Criteria means with respect to any Collateral Debt Obligation, the occurrence and continuance of any of the following:
Credit Risk Criteria. The criteria that will be met if, with respect to any Collateral Obligation, the change in price of such Collateral Obligation during the period from the date on which it was acquired by the Issuer to the date of determination by a percentage either is more negative, or less positive, as the case may be, than the percentage change in the average price of any index specified on the Approved Index List less 0.50 percentage points over the same period.
Credit Risk Criteria means, the criteria that will be met with respect to any Collateral Debt Obligation, any of the following criteria if, as determined by the Collateral Manager in its sole discretion:
Credit Risk Criteria means, with respect to any Underlying Asset, the occurrence of any of the following: (i) such Underlying Asset has been downgraded or put on a watch list for possible downgrade by either of the Rating Agencies since the date on w hich such Underlying Asset wa s acquired by the Issuer, (ii) if such Underlying Asse t is a Structured Finance O bligation or a Synthetic Sec urity referenced on a Structured Finance Obligation, the issuer thereof has failed any of its coverage tests or is paying interest payments "in kind" or (iii) if such Underlying Asset is an Underlying Asset other than a Structured Finance Obligation or a Synthetic Security referenced on a Structured Finance Obligation (x) with respect to Synthetic Securities referencing an asset other than a Structured Finance Security or a Loan, such Underlying Asset changed in price during the period from the date on which it was purchased by the Issuer to the date of determination by a percentage either more negative, or less positive, as the case may be, then the percentage change in the Merrill Lynch High Yield Index, Bloomberg ticker JOAO, Average Price Option less 3.00%, over the same period or (y) with respe ct to Loans, the market value of such Underlying Asset has changed during the period from the date on which it was purchased b y the Issuer to the date of determination by a p ercentage either more neg ative, or less positive, as the case may be, then the percentage change in the average price of an Eligible Loan Index less 0.50% over the same period.
Credit Risk Criteria means (a) placement by Moody's, S&P or Fitch of the item of Portfolio Collateral on its credit watch list with potential negative or developing credit implications or deterioration of the rating of the Portfolio Collateral by one or more sub-categories from the rating in effect on the date such obligation became an item of Portfolio Collateral; (b) an increase in the spread on the item of Portfolio Collateral by an amount exceeding 0.50% or a decrease in price to 99% or less of the value of the item of Portfolio Collateral since the date on which such item of Portfolio Collateral was acquired; or (c) a decline in the par amount of underlying collateral such that the aggregate par amount of the entire class of securities to which such item of Portfolio Collateral belongs and all other securities secured by the same pool of collateral and that rank senior in priority of payments to such class of securities exceeds the aggregate par amount of all collateral (excluding defaulted collateral) securing such securities.
Credit Risk Criteria means, with respect to any Collateral Debt Obligation, any of the following criteria: