S&P CDO Evaluator definition

S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P and used to determine the credit risk of a portfolio of debt securities and provided to the Counterparty and the Portfolio Manager on or before the date hereof, as such programme may be modified by S&P from time to time;

S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P, to be used by the Portfolio Manager (acting in good faith and a commercially reasonable manner) to determine the risk of Credit Events occurring under the Reference Portfolio and provided to the Portfolio Manager by S&P on or before the Issue Date, as it may be modified by S&P from time to time.

S&P CDO Evaluator means the dynamic, analytical computer model developed by S&P, S&P CDO Evaluator Version 3.2, and used to estimate default risk of Reference Entities in a Reference Portfolio and provided to the Portfolio Manager on or before the Issue Date. The S&P CDO Evaluator calculates the cumulative default rate of the Reference Portfolio consistent with a specified benchmark rating level based upon S&P’s proprietary corporate debt default studies. In calculating a S&P Scenario Loss Rate, the S&P CDO Evaluator considers each Reference Entity’s S&P Rating, the number of Reference Entities in the Reference Portfolio, the Reference Entity and industry concentrations in the Reference Portfolio using the S&P industry categorizations and calculates a cumulative default rate based on the statistical probability distributions of defaults of the Reference Entities.

Examples of S&P CDO Evaluator in a sentence

• With respect to any Class of Secured Notes then rated by S&P, an estimate of the cumulative default rate for the Current Portfolio or the Proposed Portfolio, as applicable, consistent with S&P’s Initial Rating of such Class of Notes, determined by application by the Collateral Servicer of the S&P CDO Monitor (or, after the Reinvestment Period, by application of the S&P CDO Evaluator) at such time.

• Eng- lish I typically utilises the grammar-translation method, and focuses on the formal structureof the language.

• There can be no assurance that actual defaults of the Reference Portfolio or the timing of defaults will not exceed those assumed in the application of the S&P CDO Evaluator Model or that recovery rates in respect thereof will not differ from those assumed in the S&P CDO Evaluator Model.

• 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.

More Definitions of S&P CDO Evaluator

S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P, to be used by the Portfolio Manager (acting in good faith and a commercially reasonable manner) to determine the risk of Credit Events occurring under the Reference Portfolio and provided to Portfolio Manager by S&P on or before the Issue Date (as such programme may be amended, updated or replaced from time to time by S&P using its most up to date public methodology or model, and applied to the Reference Portfolio in agreement with the CDS Counterparty and the Portfolio Manager).

S&P CDO Evaluator means a dynamic, analytical computer programme developed by Standard & Poor’s and used to determine the credit risk of a portfolio of debt securities and provided to the Protection Buyer on or before the date hereof, as such programme may be modified by Standard and Poor’s from time to time;

S&P CDO Evaluator means, a dynamic, analytical computer program developed by Standard & Poor’s and used to determine the credit risk of a portfolio of debt securities and provided to the Swap Counterparty on or before the date hereof, as such program may be modified by S&P from time to time.

S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P and used to determine the credit risk of a portfolio of debt securities and provided to the Substitution Agent on or before the date of this Agreement, as such programme may be modified by S&P from time to time.

S&P CDO Evaluator means the dynamic, analytical computer program in the form provided by S&P to the Servicer as of the Closing Date for the purpose of estimating the default risk of Loans.

S&P CDO Evaluator. The computer program provided by S&P to the Servicer and the Administrative Agent on the Closing Date for the purpose of estimating the default risk of Loans.

S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P and used to determine the credit risk of a portfolio of debt securities which has been provided to the Protection Buyer on or before the date hereof, as such programme may be modified by S&P from time to time; and