S&P CDO Formula Election Date. The date designated by the Collateral Manager upon at least five Business Days’ prior written notice to S&P, the Trustee and the Collateral Administrator as the date on which the Issuer will cease to utilize the S&P CDO Monitor in determining compliance with the S&P CDO Monitor Test.
S&P CDO Formula Election Date means the date designated by the Collateral Manager upon at least five Business Days' prior written notice to S&P, the Trustee and the Collateral
S&P CDO Formula Election Date. The date designated by the Collateral Manager upon at least five Business Days’ prior written notice to S&P and the Trustee as the date on which the Issuer will begin to utilize the formula set forth in the definition of Class Scenario Default Rate in determining compliance with the S&P CDO Monitor Test.
Examples of S&P CDO Formula Election Date in a sentence
A S&P CDO Formula Election Date may occur only once after an S&P CDO Model Election Date has occurred.
S&P CDO Monitor Formula Election Period: (i) The period from the Refinancing Date until the occurrence of an S&P CDO Model Election Date and (ii) thereafter, any date on and after an S&P CDO Formula Election Date so long as no S&P CDO Model Election Date has occurred since such S&P CDO Formula Election Date.
A S&P CDO Model Election Date may occur only once after an S&P CDO Formula Election Date has occurred S&P CDO Model Election Period: Any date on and after an S&P CDO Model Election Date so long as no S&P CDO Formula Election Date has occurred since such S&P CDO Model Election Date.
More Definitions of S&P CDO Formula Election Date
S&P CDO Formula Election Date means the date designated by the Collateral Manager upon prior written notice to S&P, the Trustee and the Collateral Administrator as the date on which the Issuer will begin to utilise the S&P CDO Adjusted BDR; provided that an S&P CDO Formula Election Date may only occur once.