Mxxxx’x Rating Factor means, for each Collateral Loan, the number set forth in the table below opposite the Mxxxx’x Rating of such Collateral Loan. provided that for purposes of the Maximum Moody’s Weighted Average Rating Factor Test, any Collateral Loan issued or guaranteed by the United States government or any agency or instrumentality thereof is assigned a Mxxxx’x Rating Factor of 1; provided, further, however, to the extent any Collateral Loan has a rating from S&P or a private rating, such rating will be converted to the Moody’s equivalent for purposes of the Maximum Moody’s Weighted Average Rating Factor Test.
Mxxxx’x Rating Factor. For each Collateral Obligation, the number set forth in the table below opposite the Moody’s Default Probability Rating of such Collateral Obligation: For purposes of the Maximum Mxxxx’x Rating Factor Test, any Collateral Obligation issued or guaranteed by the United States government or any agency or instrumentality thereof is assigned a Moody’s Default Probability Rating equal to the then-current Mxxxx’x rating of the direct obligations of the United States government.
Mxxxx’x Rating Factor. For each Collateral Obligation, the number set forth in the table below opposite the Moody’s Default Probability Rating of such Collateral Obligation. Aaa 1 Ba1 940 Aa1 10 Ba2 1,350 Aa2 20 Ba3 1,766 Aa3 40 B1 2,220 A1 70 B2 2,720 A2 120 B3 3,490 A3 180 Caa1 4,770 Baa1 260 Caa2 6,500 Baa2 360 Caa3 8,070 Baa3 610 Ca or lower 10,000 For purposes of the Maximum Mxxxx’x Rating Factor Test, any Collateral Obligation issued or guaranteed by the United States government or any agency or instrumentality thereof is assigned a Mxxxx’x Rating Factor of 1.
Examples of Mxxxx’x Rating Factor in a sentence
In addition, if (and only if) the Initial Rating has been provided by Moody’s prior to the Interim Date, the Borrower (or the Collateral Manager on its behalf) shall prepare a written report, determined as of the Interim Date, setting forth the Aggregate Principal Balance of the Collateral Obligations, the Diversity Score, the Weighted Average Mxxxx’x Rating Factor, the Weighted Average Spread and the Weighted Average Moody’s Recovery Rate.
The Collateral Manager shall deliver to Mxxxx’x, the Collateral Administrator, the Trustee and the Initial Purchaser a report calculating the Diversity Score, the Weighted Average Mxxxx’x Rating Factor, the Weighted Average Floating Spread and the Weighted Average Mxxxx’x Recovery Rate, in each case, as of the Closing Date.
On or prior to the Effective Date, the Collateral Manager shall elect the “row/column combination” of the Asset Quality Matrix that shall on and after the Effective Date apply to the Collateral Obligations for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Mxxxx’x Rating Factor Test and the Minimum Floating Spread Test.
More Definitions of Mxxxx’x Rating Factor
Mxxxx’x Rating Factor means, for each Collateral Loan, the number set forth in the table below opposite the Mxxxx’x Rating of such Collateral Loan. Caa3Ca or lower 10,000 provided that for purposes of the Maximum Moody’s Weighted Average Rating Factor Test, any Collateral Loan issued or guaranteed by the United States government or any agency or instrumentality thereof is assigned a Mxxxx’x Rating Factor of 1; provided, further, however, to the extent any Collateral Loan has a rating from S&P or a private rating, such rating will be converted to the Moody’s equivalent for purposes of the Maximum Moody’s Weighted Average Rating Factor Test.
Mxxxx’x Rating Factor. Relating to any Collateral Obligation, the number set forth in the table below opposite the Mxxxx’x Rating of such Collateral Obligation:
Mxxxx’x Rating Factor means, for any Loan with a Mxxxx’x Rating, the number set forth below under the heading “Mxxxx’x Rating Factor” across from the Mxxxx’x Rating of such Loan or, in the case of a rating assigned by Moody’s at the request of the Issuer (or the Servicer on behalf of the Issuer), the Mxxxx’x Rating Factor as assigned by Moody’s.
Mxxxx’x Rating Factor means, for each Collateral Loan, the number set forth in the table below opposite the Moody's Default Probability Rating of such Collateral Loan:
Mxxxx’x Rating Factor means, for any Loan with a Mxxxx’x Rating, the number set forth below under the heading “Mxxxx’x Rating Factor” across from the Mxxxx’x Rating of such Loan or, in the case of a rating assigned by Moody’s at the request of the Issuer (or the Servicer on behalf of the Issuer), the Mxxxx’x Rating Factor as assigned by Moody’s. Xxx(0) 0 Xx0 00 Xx0 00 Xx0 40 A1 70 A2 120 A3 180 Bxx0 000 Xxx0 360 Baa3 610 Ba1 940 Ba2 1,350 Ba3 1,766 B1 2,220 B2 2,720 B3 3,490 Caa1 4,770 Caa2 6,500 Caa3 8,070 Ca 10,000 C 10,000
Mxxxx’x Rating Factor. With respect to any Collateral Debt Obligation, the number set forth in the table below opposite the Mxxxx’x Rating of such Collateral Debt Obligation. Aaa* 1 Ba1 940 Aa1 10 Ba2 1,350 Aa2 20 Ba3 1,766 Aa3 40 B1 2,220 A1 70 B2 2,720 A2 120 B3 3,490 A3 180 Caa1 4,770 Baa1 260 Caa2 6,500 Bxx0 000 Xxx0 8,070 Baa3 610 Ca, C or lower 10,000 * or any obligation issued or guaranteed as to the payment of principal and interest by the United States of America or any agency or instrumentality thereof the obligations of which are expressly backed by the full faith and credit of the United States of America.
Mxxxx’x Rating Factor means, for each Collateral Loan, the number set forth in the table below opposite the Moody’s default probability rating (determined using then-current market methodology, which, for the avoidance of doubt, permits a derived rating from S&P; provided that if ratings for such Collateral Loan exist from both Moody’s and S&P, but such ratings correspond to different Mxxxx’x Rating Factors separated by at least two subcategories set forth in the table below, the Mxxxx’x Rating Factor for such Collateral Loan shall be (x) the Mxxxx’x Rating Factor subcategory that corresponds to the midpoint between such two values or (y) if the midpoint does not correspond to a Mxxxx’x Rating Factor subcategory set forth in the table below, the Mxxxx’x Rating Factor that is one subcategory lower than the midpoint between such two values) of such Collateral Loan (based on tranche rating not corporate family rating):