Recovery Rate Modifier definition
Recovery Rate Modifier shall be an amount equal to, as of any date of determination, the product of (a) the excess, if any, of the ▇▇▇▇▇’▇ Weighted Average Recovery Rate as of such date of determination over 25% times (b) 5,000; provided that, if the ▇▇▇▇▇’▇ Weighted Average Recovery Rate shall be (i) greater than or equal to 40%, then solely for the purposes of the calculation of the Recovery Rate Modifier, the ▇▇▇▇▇’▇ Weighted Average Recovery Rate shall be deemed to be equal to 40% (or, such other value, with respect to which the Rating Agency Condition shall be satisfied), or (ii) less than or equal to 25%, then solely for the purposes of the calculation of the Recovery Rate Modifier, the ▇▇▇▇▇’▇ Weighted Average Recovery Rate shall be deemed to be equal to 25%.
Recovery Rate Modifier means, as of any date of determination, the difference of the Moody's Weighted Average Recovery Rate as of such date of determination minus [45.0]% (which amount shall not be less than zero); provided, that if the Moody's Weighted Average Recovery Rate shall be greater than or equal to [60.0]%, then solely for purposes of the calculation of the Recovery Rate Modifier, the Moody's Weighted Average Recovery Rate shall be deemed to equal [60.0]%.
Recovery Rate Modifier means, as of any date of determination, the greater of
More Definitions of Recovery Rate Modifier
Recovery Rate Modifier means, as of any date of determination, the difference of the Moody's Weighted Average Recovery Rate as of such date of determination minus [45.0]% (which amount shall not be less than zero); provided, that if the Moody's Weighted Average
Recovery Rate Modifier means, as of any Measurement Date, the lesser of (i) the number (not less than zero) that equals the product of (a) the Moody’s Weighted Average Recovery Rate as of such Measurement Date minus 45 per cent. and (b) 5,650; provided, that if the Moody’s Weighted Average Recovery Rate shall be