Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P Region Classification, obtained by dividing (i) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P Region Classification by (ii) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations).
Regional Diversity Measure. The meaning specified in Schedule 6 hereto.
Regional Diversity Measure. As of any date of determination, the number equal to (A) the reciprocal of (B) the sum of the squares, determined with respect to each S&P Region Classification, of (i) the outstanding Principal Balance of each Collateral Obligation with an S&P Rating of “CCC-” or higher, the Obligor of which is categorized in such S&P Region Classification, divided by (ii) the aggregate outstanding Principal Balance on such date of all Collateral Obligations with an S&P Rating of “CCC-” or higher.
Examples of Regional Diversity Measure in a sentence
The S&P Expected Default Rate, S&P Default Rate Dispersion, S&P Obligor Diversity Measure, S&P Industry Diversity Measure, S&P Regional Diversity Measure and the S&P Weighted Average Life.
The S&P Weighted Average Rating Factor, the Default Rate Dispersion, the Obligor Diversity Measure, the Industry Diversity Measure, the Regional Diversity Measure and the S&P Weighted Average Life.
Each of S&P Default Rate Dispersion, S&P Expected Portfolio Default Rate, S&P Industry Diversity Measure, S&P Obligor Diversity Measure, S&P Regional Diversity Measure and S&P Weighted Average Life.
The Expected Portfolio Default Rate, the Default Rate Dispersion, the Obligor Diversity Measure, the Industry Diversity Measure, the Regional Diversity Measure and the S&P Weighted Average Life.
Each of the S&P Default Rate Dispersion, S&P Weighted Average Rating Factor, S&P Industry Diversity Measure, S&P Obligor Diversity Measure, S&P Regional Diversity Measure and S&P Weighted Average Life.
More Definitions of Regional Diversity Measure
Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P region set forth in the regions and associated countries table included in the Global Methodology And Assumptions For CLOs And Corporate CDOs, obtained by dividing (i) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P region classification by (ii) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations).
Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P region classification (as determined by the Collateral Manager in accordance with S&P’s then-current ratings criteria), obtained by dividing (i) the Aggregate Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P region classification by (ii) the Aggregate Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations).
Regional Diversity Measure means the figure derived by the Collateral Manager through the application of the formula for "Regional Diversity Measure" set forth on Schedule H attached hereto.
Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P Region Classification, obtained by dividing (i) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P Region Classification by (ii) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations). "Register" and "Registrar": The respective meanings specified in Section 2.5(a) (Registration, Registration of Transfer and Exchange). "Registered": In registered form for U.S. federal income tax purposes and issued after July 18, 1984. "Registered Investment Adviser": A Person duly registered as an investment adviser in accordance with and pursuant to Section 203 of the Investment Advisers Act of 1940, as amended. "Regulation S": Regulation S, as amended, under the Securities Act. "Regulation S Global Secured Note": The meaning specified in Section 2.2(b)(i) (Forms of Notes). "Regulation U": Regulation U of the Board of Governors of the Federal Reserve System of the United States as from time to time in effect and any successor to all or a portion thereof. "Reinvestment Period": The period from and including the 2024 Closing Date to and including the earliest of (i) the Payment Date in October 2028, (ii) the date of the acceleration of the Maturity of any Class of Secured Debt pursuant to Section 5.2 (Acceleration of Maturity; Rescission and Annulment) and (iii) the date on which the Collateral Manager notifies the Issuer, the Collateral Trustee (who shall notify the Holders of Notes), the Collateral Administrator and the Rating Agency that the Reinvestment Period has ended because it has reasonably determined that it can no longer reinvest in additional Collateral Obligations in accordance with this Indenture and the Collateral Management Agreement; provided, that in the case of clause (ii), if such acceleration is later withdrawn in accordance with Section 5.2 (Acceleration of Maturity; Rescission and Annulment) and the Reinvestment Period would not otherwise have ended as a result of clauses (i) or (iii), then the Reinvestment Period shall include the period from such date to and including the earliest of clauses (i) through (iii) above to occur after such date. "Reinvestment Target Par Balance": As of any date of determination, the Target Initial Par Amount minus...
Regional Diversity Measure means the figure derived by the Collateral Manager through the application of the formula for “Regional Diversity Measure” set forth on Schedule H attached hereto (which schedule may be amended from time to time to reflect the then-current formula provided by S&P) and application of the region codes as provided in S&P publication: “CDO Evaluator 7.2 Parameters Required To Calculate S&P Global Ratings Portfolio Benchmarks”, published March 27, 2017.
Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P region classification, obtained by dividing (i) the aggregate outstanding Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P region classification by (ii) the aggregate outstanding Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations).
Regional Diversity Measure means the figure derived by the Collateral Manager through the application of the formula for "Regional Diversity Measure" set forth on Schedule E attached hereto, which schedule may be amended from time to time to reflect the then-current formula provided by S&P.