Recovery Rate definition
Recovery Rate means, in relation to any UK Four institution the percentage of the original face value of senior unsecured debt obligations of the affected UK Four institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.
Recovery Rate means, in relation to any UK 5 institution, the percentage representing the Calculation Agent’s estimate, in its absolute discretion, of the amount that investors of unsecured, unsubordinated debt obligations issued or guaranteed by such UK 5 institution are likely to receive as a proportion of the amount they would have received if such UK 5 institution had not become insolvent.
Recovery Rate. : means the percentage rate, as determined by the International Swaps and Derivatives Association (ISDA) or Societe Generale, used to calculate the value of the affected proportion of the Plan in the event that any of the UK3 experience a Credit Event.
Examples of Recovery Rate in a sentence
On or prior to the EffectiveFirst Refinancing Date, the Collateral Manager will elect the S&P Minimum Weighted Average Recovery Rate that will apply on and after such date to the Collateral Obligations for purposes of determining compliance with the Minimum Weighted Average S&P Recovery Rate Test, and the Collateral Manager will so notify the Collateral Trustee and the Collateral Administrator.
If the Collateral Manager does not notify the Collateral Trustee and the Collateral Administrator that it will alter the S&P Minimum Weighted Average Recovery Rate in the manner set forth in this Indenture, the S&P Minimum Weighted Average Recovery Rate chosen as of the Effective DateFirst Refinancing shall continue to apply.
More Definitions of Recovery Rate
Recovery Rate. : means the percentage rate, as determined by The International Swaps and Derivatives Association (ISDA) or Societe Generale, used to calculate the value of
Recovery Rate means, in relation to any Financial Institution the percentage of the original face value of senior unsecured debt obligations of the affected Financial Institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.
Recovery Rate. : means the percentage rate, as determined by The International Swaps and Derivatives Association (ISDA) or Societe Generale, used to calculate the value of the affected proportion of the Plan in the event of a default of any of the UK Four.
Recovery Rate means, with respect to any Monthly Period, an amount equal to the quotient (expressed as a percentage) of (a) all Recoveries during such Monthly Period and the two preceding Monthly Periods, divided by (b) the Outstanding Receivables Balance of all Receivables that became Defaulted Receivables during such Monthly Period and the two preceding Monthly Periods.
Recovery Rate means, for Defaulted Collateral Loans, the lesser of (a) the Market Value of such Collateral Loan (expressed as a percentage of par) and (b) the recovery rate set forth opposite such asset type below: First Lien Loans—50% Split First Lien Loans—50% Split Lien Loans—50% Second Lien Loans—30%
Recovery Rate means, in relation to any Financial Institution and the UK Government, the percentage of the original face value of senior unsecured debt obligations of the affected Financial Institution or the UK Government, as applicable, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.
Recovery Rate means, as of any Calculation Date, the arithmetic average of the Monthly Recovery Rates for the most recent three months.