DBRS Recovery Rate means for each Collateral Obligation for purposes of determining the Weighted Average Recovery Rate, a percentage based on the most appropriate description of the Collateral Obligation’s security position from the following table: Eligible Senior Secured Loan 52.00 % Eligible Second Lien Loan 32.50 % Eligible Senior Secured Bond 32.50 % First Lien/Last Out Loan 32.50 % Eligible Mezzanine Loan 12.50 %
DBRS Recovery Rate means for each Collateral Obligation for purposes of determining the Weighted Average Recovery Rate, a percentage based on the most appropriate description of the Collateral Obligation’s security position from the following table:
DBRS Recovery Rate means (a) for any Senior Secured Loan, 52.00%; (b) for any Second Lien Loan, 32.50% and (c) for any Unsecured Loan, 12.50%.
Examples of DBRS Recovery Rate in a sentence
The "DBRS Collateral Quality Matrix" is the following chart used to determine the "Applicable Row Level" for purposes of determining compliance with the Maximum DBRS Risk Score Test, the Minimum DBRS Diversity Score Test, the Minimum Weighted Average DBRS Recovery Rate Test and the Minimum Weighted Average DBRS Spread Test.
The "Minimum Weighted Average DBRS Recovery Rate Test" will be satisfied for so long as the Class A-1 Notes are Outstanding on any date of determination if the Weighted Average DBRS Recovery Rate equals or exceeds the Row "AAA" Recovery Level corresponding to the Applicable Row Level then in effect.
More Definitions of DBRS Recovery Rate
DBRS Recovery Rate means the applicable recovery rate as set forth in the applicable DBRS corporate recovery rate table set forth in Schedule H; provided that:
DBRS Recovery Rate means for each Collateral Obligation for purposes of determining the recovery rate, a percentage based on the most appropriate description of the Collateral Obligation’s security position and DBRS Recovery Tier from the table entitled “DBRS Recovery Rate by Region Tier” contained in Schedule 12.
DBRS Recovery Rate. The rate determined by reference to the following table: Obligor Domiciled in Tier 1 Countries Obligor Domiciled in Tier 2 Countries Obligor Domiciled in Tier 3 Countries Senior Secured Loan 50.75% 45.75% 40.75% Eligible Cov-Lite Loans 43.75% 38.75% 33.75% Second Lien Loans, First Lien Last-Out Loans and Unsecured Loans 28.50% 23.50% 18.50% Tier 1 Xxxxxxxxx: Xxxxxx Xxxxxx, Xxxxxx, Xxxxxx Xxxxxxx, Xxxxxxxxx Xxxx 0 Xxxxxxxxx: Xxxxxxxxxx, xxx Xxxxxxxxxxx, Xxxxxxx, Xxxxx Tier 3 Countries: France