Haircut Percentage definition

Haircut Percentage means, with respect to each Class of Eligible Collateral, the percentage set forth in the TALF Standing Loan Facility Procedures as the “Haircut Percentage” applicable to such Class.

Haircut Percentage means, with respect to any Item of Eligible Collateral included in a Class of Eligible Collateral (and subject to the following sentence), the percentage set forth in the TALF Standing Loan Facility Procedures as the “Haircut Percentage” applicable to such Class; provided, that the Haircut Percentage with respect to any Item of Legacy CMBS Collateral shall be equal to (x) the “base dollar haircut” percentage applicable thereto set forth in the TALF Standing Loan Facility Procedures divided by (y) the Market Price thereof. In the case of an Item of Eligible Collateral pledged by an Eligible PPIF Borrower, the Haircut Percentage applicable thereto shall be the Haircut Percentage determined in accordance with the preceding sentence multiplied by 150%.

Haircut Percentage mean, with respect to each Haircut Collateral Loan, a Level 1 Haircut Percentage, a Level 2 Haircut Percentage, a Level 3 Haircut Percentage or a Level 4 Haircut Percentage, in each case, as determined in accordance with such definitions.

Examples of Haircut Percentage in a sentence

• Notwithstanding the foregoing but subject to Sections 5.3-1 and 5.3-2, on each date on which any Principal Receipt is received, the principal balance of the applicable Loan shall be reduced by an amount equal to the product of (x) the difference between (A) 100% and (B) the Haircut Percentage with respect to the applicable Item of Collateral (as of the time the applicable Loan was made) multiplied by (y) the amount of such Principal Receipt.

• Notwithstanding the foregoing, on each date on which any Principal Receipt is received, the principal balance of the applicable Loan shall be reduced by an amount equal to the product of (x) the difference between (A) 100% and (B) the Haircut Percentage with respect to the applicable Item of Collateral (as of the time the applicable Loan was made) multiplied by (y) the amount of such Principal Receipt.

• Notwithstanding the foregoing but subject to the last two paragraphs of this Section 5.3, on each date on which any Principal Receipt is received, the principal balance of the applicable Loan shall be reduced by an amount equal to the product of (x) the difference between (A) 100% and (B) the Haircut Percentage with respect to the applicable Item of Collateral (as of the time the applicable Loan was made) multiplied by (y) the amount of such Principal Receipt.

• For the avoidance of doubt the Haircut Percentage applicable to an RO may change after the Effective Date if its applicable rating changes.

• Purchase Price For each Transaction, an amount equal to the product of: (a) the Purchased Security Notional Amount for such Transaction; and (b) one minus the Haircut Percentage.

• Haircut Percentage The Haircut Percentage shall be the percentage determined in accordance with the table below by reference to the rating of the relevant RO as of the relevant date.

• From and including any Re-Striking Date to but excluding the next Re-Striking Date for the relevant RO, (1) the Current Price minus (2) the Haircut Percentage (in each case as of the Re-Striking Date occurring at the beginning of such period), subject to a minimum of zero.

• Initial Price From and including the Effective Date to but excluding the first Re-Striking Date for the relevant RO, (1) the Offered Price minus (2) the Haircut Percentage (in each case as of the Effective Date), subject to a minimum of zero.

• Floating Rate Termination Payment On each Termination Payment Date, Counterparty shall pay to GSI an amount in USD equal to: (A) the Terminated Notional Amount times the Initial Price of the related RO divided by the FX Rate for such RO plus (B) the Terminated Notional Amount times the Initial Haircut Percentage of the related RO divided by the FX Rate for such RO.

• Security Issuer Germantown Funding LLC Haircut Percentage 40% Business Days London and New York.

More Definitions of Haircut Percentage

Haircut Percentage mean, with respect to each Haircut Collateral Loan, a Xxxxx 0 Xxxxxxx Xxxxxxxxxx, x Xxxxx 0 Xxxxxxx Percentage, a Xxxxx 0 Xxxxxxx Xxxxxxxxxx or a Xxxxx 0 Xxxxxxx Xxxxxxxxxx, in each case, as determined in accordance with such definitions.

Haircut Percentage means, for each Purchased Asset, as of any date of determination, a percentage equal to (x) [***] less (y) the product of

Haircut Percentage means, for each Purchased Asset, as of any date of determination, a percentage equal to (x) [***] less (y) the product of (A) Market Value and (B) the related Purchase Price Percentage for such Purchased Asset.

Haircut Percentage means: o for any class of eligible collateral other than Legacy CMBS, the haircut percentage specified in the TALF Standing Loan Facility Procedures as applicable to that class; and o for any Legacy CMBS, (i) the applicable “base dollar haircut” percentage set forth in the TALF Standing Loan Facility Procedures divided by (ii) the Legacy CMBS’s Market Price;