Scenario Loss Rate definition

Scenario Loss Rate means in respect of any Class of Notes at any time, an estimate of the cumulative loss rate for the Collateral Portfolio at such time as determined by application of the Arranger CDO Model at such time.
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Scenario Loss Rate means, in respect of any Class of Notes, at any time, an estimate of the cumulative default rate for the Current Portfolio or the Proposed Portfolio, as applicable, consistent with a rating in respect of any Class of Notes by S&P determined by application of the CDO Monitor Test at such time.
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Scenario Loss Rate means, as of any date, an estimate of the current cumulative loss rate, given the rating scenario for the Reference Portfolio as at the Closing Date and as amended from time to time, determined by application of the S&P CDO Evaluator at such time. Such current cumulative loss rate will be determined by using, inter alia, the S&P Rating assigned to each Reference Entity in the Reference Portfolio, the Reference Entity Notional Amount and the S&P Recovery Inputs attributable to the country of the relevant Reference Entity. There can be no assurance that actual defaults of the Reference Entities or the timing of defaults will not exceed those assumed in the application of the S&P CDO Evaluator or that recovery rates with respect thereto will not differ from those assumed in the S&P Substitution Test. The S&P CDO Evaluator has been provided by S&P to the Swap Counterparty as an accommodation in connection with S&P’s rating of the Notes. S&P makes no representation or warranty with respect to the use of the S&P CDO Evaluator. IN PARTICULAR S&P MAKES NO REPRESENTATION OR WARRANTY THAT ACTUAL DEFAULTS ON THE REFERENCE ENTITIES WILL NOTEXCEED THOSE DETERMINED BY THE S&P CDO EVALUATOR. S&P does not guarantee the accuracy, adequacy or completeness of the S&P Substitution Test and is not responsible for the results obtained by the use thereof. The credit ratings on the Notes are subject to review for potential downgrade. None of the Swap Counterparty, the Lead Manager, the Trustee or the Issuer makes any representation as to the expected rate of defaults of the Reference Entities or the timing of defaults or as to the expected recovery rate or the timing of recoveries.INITIAL REFERENCE PORTFOLIO Certain characteristics of the Reference Portfolio are set forth below and refer to the composition of the Reference Portfolio as of the Report Date (the Reference Portfolio on such date being the “Initial Reference Portfolio”). The composition of the Reference Portfolio will vary over time and, as a result, the characteristics of the Initial Reference Portfolio set forth in the following tables are not necessarily indicative of the characteristics of the Reference Portfolio at any subsequent time. The inclusion of a Reference Entity or Reference Obligation in the Reference Portfolio (as designated in the Reference Register) does not signify that the Swap Counterparty has any credit exposure to that Reference Entity or in respect of that Reference Obligation on the Report Dat...
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Examples of Scenario Loss Rate in a sentence

  • At any time, the rate calculated by subtracting the Class B Scenario Loss Rate from the Class B Break-Even Loss Rate at such time.

  • The S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator; and “C” = $49,500,000.

  • The S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator (expressed as a percentage); and "C" = $0.

  • The S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator (expressed as a percentage); and “C” = $0.

  • At any time, the rate calculated by subtracting the Class C Scenario Loss Rate from the Class C Break-Even Loss Rate at such time.

  • At any time, the rate calculated by subtracting the Class D Scenario Loss Rate from the Class D Break-Even Loss Rate at such time.

  • At any time, the rate calculated by subtracting the Class E Scenario Loss Rate from the Class E Break-Even Loss Rate at such time.

  • In calculating the Scenario Loss Rate, the S&P CDO Evaluator Model considers each obligor's S&P Adjusted Rating, the weighting of each obligor in the Reference Portfolio, the seniority and S&P Industry Classification in the Reference Portfolio, and the remaining weighted average maturity of the Reference Portfolio, calculates a cumulative loss rate based on the statistical probability of distributions of defaults on the Reference Portfolio.

  • At any time, the rate calculated by subtracting the Class A Scenario Loss Rate from the Class A Break-Even Loss Rate at such time.


More Definitions of Scenario Loss Rate

Scenario Loss Rate means, at any time as long as the Notes are rated by Standard & Poor's, an estimate of the cumulative loss rate for the reference portfolio, consistent with Standard & Poor's rating of the Notes on the Closing Date, determined by application of the Standard & Poor's CDO Evaluator at such time.Notices Notices to the holders of the Notes will be given by first-class mail, postage prepaid, to the registered holders of such Notes at their respective addresses appearing in the Note Register. Modification of IndentureWithout the consent of the holders of any Notes, the Co-Issuers and the Trustee, at any time and from time to time, subject to the requirement provided below with respect to the rating of the Notes, may enter into one or more supplemental indentures, in form satisfactory to the Trustee, for any of the following purposes:
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Related to Scenario Loss Rate

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Portfolio Loss means the loss realized on either (i) a portfolio sale of Single Family Shared-Loss Loans in accordance with the terms of Article IV or (ii) the sale of a loan with the consent of the Receiver as provided in Section 2.7.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eleven million dollars ($11,000,000.00).

  • Loan Loss Reserves means funds held by the Seller to cover potential losses in connection with the mortgage loans owned in the Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to the Seller.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Loss Factor means the scaling factor determined in accordance with clause 7 and applied by the reconciliation manager to volumes of electricity measured or estimated in respect of ICPs on the Network, in order to reflect the impact of the ICP on Losses within the Network;

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Aggregate Loss Severity Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred on any Mortgage Loans from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the aggregate principal balance of such Mortgage Loans immediately prior to the liquidation of such Mortgage Loans.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • Cumulative Loss Trigger Event With respect to any Distribution Date, a Cumulative Loss Trigger Event exists if the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable cumulative loss percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage ------------------------------ -------------------------- May 2008 through April 2009 1.400% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 2.250% in November 2008) May 2009 through April 2010 3.100% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 3.950% in November 2009) May 2010 through April 2011 4.800% for the first month, plus an additional 1/12th of 1.400% for each month thereafter (e.g., 5.500% in November 2010) May 2011 through April 2012 6.200% for the first month, plus an additional 1/12th of 0.700% for each month thereafter (e.g., 6.550% in November 2011) May 2012 and thereafter 6.900%

  • Shared Loss Payment Trigger means when the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Shared-Loss Amount under the Commercial and Other Assets Shared-Loss Agreement, exceeds the First Loss Tranche. If the First Loss Tranche is zero or a negative number, the Shared Loss Payment Trigger shall be deemed to have been reached upon Bank Closing.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.