Fitch Collateral Value definition
Fitch Collateral Value. With respect to any Defaulted Obligation or Deferring Obligation, the lesser of (i) the product of the Fitch Recovery Rate of such Defaulted Obligation or Deferring Obligation multiplied by its principal balance, in each case, as of the relevant Measurement Date and (ii) the Market Value of such Defaulted Obligation or Deferring Obligation as of the relevant Measurement Date; provided that if the Market Value cannot be determined for any reason, the Fitch Collateral Value shall be determined in accordance with clause (i) above.
Fitch Collateral Value means, in the case of any Collateral Obligation or Eligible Investment, the lower of:
Fitch Collateral Value means, in the case of any Portfolio Asset or Eligible Investment, the lower of: (a) its prevailing Market Value; and (b) the relevant Fitch Recovery Rate, multiplied by its Principal Balance.
More Definitions of Fitch Collateral Value
Fitch Collateral Value means, in the case of any Collateral Debt Obligation or Eligible Investment which is a Defaulted Obligation, the lower of:
Fitch Collateral Value means, in the case of any applicable Collateral Debt Obligation, the lower of:
Fitch Collateral Value. As of any date of determination, with respect to any Defaulted Obligation (including a Workout Loan deemed to be a Defaulted Obligation) and Deferred Interest Asset, the lesser of (a) the Fitch Recovery Amount of such Defaulted Obligation (including a Workout Loan deemed to be a Defaulted Obligation) or Deferred Interest Asset (as the case may be) as of such date and (b) the Current Market Value of such Defaulted Obligation (including a Workout Loan deemed to be a Defaulted Obligation) or Deferred Interest Asset as of such date; provided that if the Current Market Value cannot be determined for any reason, the Fitch Collateral Value shall be determined in accordance with clause (a) above.
Fitch Collateral Value means, as of any date of determination, with respect to any Defaulted Obligation, Deferred Interest Obligation or Loss Mitigation Obligation, the lesser of (i) the product of the Fitch Recovery Rate of such obligation multiplied by its Principal Balance, in each case as of such date and (ii) the Market Value of such obligation as of such date; provided that, if the Market Value cannot be determined for any reason, the Fitch Collateral Value shall be determined in accordance with clause (i) above.
Fitch Collateral Value means, in the case of any applicable ABS Obligation or Eligible Investment which is a Defaulted Obligation, the lower of:
Fitch Collateral Value. With respect to any Defaulted Obligation, Long Dated Obligation or Deferring Obligation as of any Measurement Date, the lesser of (x) the Fitch Recovery Amount of such Defaulted Obligation, Long Dated Obligation or Deferring Obligation, respectively, as of the relevant Measurement Date and (y) the Market Value of such Defaulted Obligation, Long Dated Obligation or Deferring Obligation, respectively, as of the relevant Measurement Date. “Fitch Industry Classification”: The meaning set forth in Schedule 6. “Fitch Rating”: The meaning set forth in Schedule 5. “Fitch Rating Condition”: For so long as Fitch is the Rating Agency with respect to any Outstanding Class of Secured Notes, with respect to any action taken or to be taken by or on behalf of the Issuer, a condition that is satisfied if Fitch has confirmed in writing, including electronic messages, facsimile, press release, posting to its internet website, or other means then considered industry standard (or has declined to undertake the review of such action by such means) to the Issuer and the Collateral Manager that no immediate withdrawal or reduction with respect to its then-current rating of any Class of Secured Notes will occur as a result of such action; provided, that if (a) Fitch makes a public announcement or informs the Issuer or the Collateral Manager that (i) it believes that such confirmation is not required with respect to such action or such procedures or (ii) its practice or policy is to not give such confirmations or (b) Fitch no longer constitutes the Rating Agency under this Indenture, the requirement for satisfaction of the Fitch Rating Condition will not apply to such action or such procedures; provided, further, that any provision or requirement for satisfaction of the Fitch Rating Condition in this Indenture will not be required if the Issuer (or the Collateral Manager on its behalf) has certified to the Trustee that satisfaction of the Fitch Rating Condition has been requested from Fitch (via email to ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) at least three separate times during a 15 Business Day period and Fitch has either not made any response to such requests or has not indicated in response to any such request that it will consider the application for satisfaction of the Fitch Rating Condition. “Fitch Rating Factor”: In respect of any Collateral Obligation, the number set forth in the table below opposite the Fitch Rating in respect of such Collateral Obligation: Fitch Rating Fitch ...
Fitch Collateral Value means, in the case of any Collateral Debt Obligation on any date, the lower of: