Credit Risk Criteria definition

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

• Any Collateral Obligation that, in the Collateral Manager's reasonable commercial judgment (which may be, but need not be, based on one or more of the Credit Risk Criteria and which judgment shall not be called into question as a result of subsequent events), has a significant risk of declining in credit quality or price.

• Any Collateral Obligation that (i) has been downgraded by any Rating Agency or Moody's at least one rating sub-category or has been placed and remains on a credit watch with negative implication by any Rating Agency or Moody’s since it was acquired by the Issuer or (ii) in the Collateral Manager's judgment (which may, but shall not be required to be, evidenced by one or more of the Credit Risk Criteria ), has a significant risk of declining in credit quality or price.

• Any item of Portfolio Collateral (other than an item of Defaulted Portfolio Collateral) which, in the Collateral Manager’s sole judgment (which judgment shall not be questioned as a result of subsequent events), is likely to decline in credit quality and, with the passage of time, become Defaulted Portfolio Collateral or otherwise satisfies the Credit Risk Criteria.

• Any Collateral Obligation that, in the Collateral Manager’s reasonable commercial judgment (which judgment shall not be called into question as a result of subsequent events), has a significant risk of declining in credit quality or price, which may (but need not) be based on one or more of the Credit Risk Criteria.

• 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.

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 with respect to any Collateral Obligation if: (i) (i) ifthe price of such Collateral Obligation is a loan, the price of such loan has changed during the period from the date on which it was acquired by the Issuer to the proposed sale date by a percentage either at least 0.25% more negative, or at least 0.25% less positive, as the case may be, than the percentage change in the average price of any index specified on the Approved Index List;

Credit Risk Criteria means the criteria that will be met with respect to any Collateral Debt Obligation if, as determined by the Collateral Manager in its sole discretion:

Credit Risk Criteria. The criteria that will be met if (a) 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 0.25% over the same period, (b) with respect to a Fixed Rate Obligation only, there has been an increase in the difference between its yield compared to the yield on the United States Treasury security of the same duration of more than 7.5% since the date of purchase or (c) the Market Value of such Collateral Obligation has decreased by at least 2.5% of the price paid by the Issuer for such Collateral Obligation due to a deterioration in the related Obligor's financial ratios or financial results in accordance with the Underlying Instruments relating to such Collateral Obligation.

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 (1) 0.25% or more in the case of a Collateral Obligation with a spread (prior to such decrease) less than or equal to 4.00% or (2) 0.50% or more in the case of a Collateral Obligation with a spread (prior to such decrease) greater than 4.00%, each over the same period.

Credit Risk Criteria. The criteria that will be met if, with respect to any Collateral Obligation, any of the following occur: (a) the spread over the Reference Rate or other Eligible Loan Index for such Collateral Obligation has been increased since the date of purchase by the Issuer by (A) 0.25% or more (in the case of a Collateral Obligation with a spread over the applicable reference rate selected by the Collateral Manager in the exercise of its reasonable business judgment (prior to such increase) less than or equal to 2.00%), (B) 0.375% or more (in the