Fitch Recovery Rate definition

Fitch Recovery Rate. The meaning specified in Schedule 7 hereto.

Fitch Recovery Rate means, with respect to a Collateral Obligation, the recovery rate determined in accordance with paragraphs (a) to (c) below or (in any case) such other recovery rate as Fitch may notify the Collateral Manager from time to time:

Fitch Recovery Rate means, in respect of each Collateral Obligation, the recovery rate determined in accordance with the Collateral Management and Administration Agreement or as so advised by Fitch.

Examples of Fitch Recovery Rate in a sentence

• Subject to the provisions provided below, on or after the Effective Date, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (the “Fitch Test Matrix”) shall be applicable for purposes of the Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test and the Minimum Fitch Floating Spread Test.

• The Fitch Recovery Rate, if publicly available (including the applicable Fitch recovery rating and Fitch recovery rate in accordance with the definition of “Fitch Recovery Rate”).

• Subject to the provisions provided below, the Portfolio Manager will have the option to elect which of the cases set forth in the matrix below (the "Fitch Test Matrix") shall be applicable for purposes of the Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test and the Minimum Fitch Floating Spread Test.

• Subject to the provisions provided below, on or after the Effective Date, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (the "Fitch Test Matrix") shall be applicable for purposes of the Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test and the Minimum Fitch Floating Spread Test.

• Subject to the provisions provided below, on or after the first Payment Date after the First Refinancing Date, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (the “Fitch Test Matrix”) shall be applicable for purposes of the Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test and the Minimum Fitch Floating Spread Test.

More Definitions of Fitch Recovery Rate

Fitch Recovery Rate means, with respect to a Collateral Obligation, the recovery rate determined in accordance with clauses (a) through (c) below or (in any case) such other recovery rate as Fitch may notify the Portfolio Manager from time to time:

Fitch Recovery Rate means, with respect to a Collateral Debt Obligation, the recovery rate determined in accordance with paragraphs (a) and (b) below or (in any case) such other recovery rate as Fitch may notify the Investment Manager from time to time:

Fitch Recovery Rate means, in respect of each Collateral Debt Obligation, the recovery rate determined in accordance with the Portfolio Management Agreement.

Fitch Recovery Rate means, with respect to any Defaulted Security on any Measurement Date, an amount equal to the percentage corresponding to the domicile, original rating, seniority and tranche thickness of such Defaulted Security, as applicable, as set forth in the Fitch Recovery Rate Matrix attached to this Indenture; provided, that the applicable percentage shall be the percentage corresponding to the most senior Outstanding Class of Notes then rated by Fitch.

Fitch Recovery Rate means, with respect to a Collateral Debt Obligation, the recovery rate determined in accordance with paragraphs (a) to (c) below or (in any case) such other recovery rate as Fitch may notify the Investment Manager (or such other recovery rate as may be published by Fitch in connection with any revision of its recovery rate methodology) from time to time:

Fitch Recovery Rate means, in respect of any Collateral Debt Obligation, the recovery rate specified by Fitch to the Investment Manager in respect of such Collateral Debt Obligation.

Fitch Recovery Rate means, with respect to any Collateral Security on any Payment Date, an amount equal to the percentage for such Collateral Security set forth in the Fitch Recovery Rate Matrix below in (x) the applicable table and (y) the row in such table opposite the Fitch Rating of such Collateral Security on the related Determination Date.