Fitch Collateral Value definition

Fitch Collateral Value means, in the case of any Collateral Obligation or Eligible Investment, the lower of:

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. With respect to any Defaulted Obligation, the lesser of (i) the product of the Fitch Recovery Rate of such Defaulted Obligation multiplied by its Principal Balance, in each case, as of the relevant Measurement Date and (ii) the Market Value of such Defaulted 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.

Examples of Fitch Collateral Value in a sentence

• With respect to any Defaulted Obligation, the lesser of (i) the product of the Fitch Recovery Rate of such Defaulted Obligation multiplied by its Principal Balance, in each case, as of the relevant Measurement Date and (ii) the Market Value of such Defaulted 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.

• For any Defaulted Obligation, the lower of the S&P Collateral Value and the Fitch Collateral Value of such Defaulted Obligation; provided that the Defaulted Obligation Balance will be zero if the Issuer has owned such Defaulted Obligation for more than three years after its default date.

• The loan will be repaid for a period of ten years in the annual amount of $3,270.

• For any Defaulted Obligation, the lesser of the (i) S&P Collateral Value of such Defaulted Obligation and (ii) Fitch Collateral Value of such Defaulted Obligation; provided that the Defaulted Obligation Balance will be zero if the Issuer has owned such Defaulted Obligation for more than three years after its default date.

• The Target Par Amount means an amount of ABS Obligations acquired by, or on behalf of, the Issuer up to the end of the Ramp-Up Period having an Aggregate Principal Balance of€446,000,000 provided that, for such purpose, any repayments, prepayments or sales of any ABS Obligations subsequent to the Closing Date shall be disregarded and the Principal Balance of anABS Obligation which is a Defaulted Obligation will be the lower of its S&P Collateral Value and its Fitch Collateral Value.

More Definitions of Fitch Collateral Value

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.

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. With respect to any Defaulted Obligation, the lesser of (i) the product of the Fitch Recovery Rate of such Defaulted Obligation multiplied by its principal balance, in each case, as of the relevant Measurement Date and (ii) the Market Value of such Defaulted Obligation as of the relevant Measurement Date.

Fitch Collateral Value means, as of any date of determination, with respect to any Defaulted Obligation (including a Workout Obligation 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 Obligation 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 Obligation deemed to be a Defaulted Obligation) or Deferred Interest Asset as of such date; provided that if the Current Market Value cannot be

Fitch Collateral Value means, as of any date of determination, with respect to any Defaulted Obligation, Deferred Interest Asset and Workout Obligation, the lesser of (a) the Fitch Recovery Amount of such Defaulted Obligation, Deferred Interest Asset or Workout Obligation (as the case may be) as of such date and (b) the Current Market Value of such Defaulted Obligation, Deferred Interest Asset or Workout Obligation 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.