S&P CDO Monitor Formula Election Period definition

S&P CDO Monitor Formula Election Period means the period from and including the S&P CDO Monitor Formula Election Date (if any) to but excluding the earlier of (i) the S&P CDO Monitor Model Election Date (if any) and (ii) the date on which the Obligations have been paid in full; provided that, on any date in which the S&P CDO Monitor Test is calculated, the pool of Collateral contains Collateral Loans of less than 40 different Obligors, the S&P CDO Monitor Formula Election Period shall be terminated and a S&P CDO Monitor Model Election Date shall occur.
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S&P CDO Monitor Formula Election Period means (i) the period from the Closing Date until the occurrence of an S&P CDO Monitor Formula Election Date and (ii) thereafter, any date on and after an S&P CDO Monitor Formula Election Date. Only one S&P CDO Monitor Formula Election Date may occur following the Closing Date.
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S&P CDO Monitor Formula Election Period. (a) The period from and including the Closing Date to, but excluding, the earlier of (i) the S&P CDO Monitor Model Election Date (if any) and (ii) the date on which each Class of Secured Debt rated by S&P is repaid in full and (b) if an S&P CDO Monitor Model Election Date occurs after the Closing Date, the period from and including the S&P CDO Monitor Formula Election Date (if any) to the date on which each Class of Secured Debt rated by S&P is repaid in full.
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Examples of S&P CDO Monitor Formula Election Period in a sentence

  • During an S&P CDO Monitor Formula Election Period, (x) the definitions in Schedule 7 hereto will apply and (y) in connection with the Effective Date, the S&P Effective Date Adjustments set forth in Schedule 7 hereto will apply.

  • The S&P CDO Monitor Test shall or (b) during an S&P CDO Monitor Formula Election Period (if any), the S&P CDO Monitor Adjusted BDR is equal to or greater than the S&P CDO Monitor SDR.

  • To delete if S&P CDO Monitor Formula Election Period will initially apply.

  • During an S&P CDO Monitor Formula Election Period, (x) the definitions in Schedule 8 hereto will apply and (y) in connection with the Effective Date, the S&P Effective Date Adjustments set forth in Schedule 8 hereto will apply.

  • A redemption of the Notes in accordance with Section9.2.SCHEDULE 7 S&P CDO MONITOR FORMULA DEFINITIONS As used for purposes of the S&P CDO Monitor Test during an S&P CDO Monitor Formula Election Period, the following terms shall have the meanings set forth below.

  • If so elected by the Collateral Manager by written notice to the Issuer, the Collateral Administrator, the Trustee and S&P prior to the last day of the Ramp-UpDuring any S&P CDO Monitor Formula Election Period, (x) the S&P CDO Monitor Test and definitions applicable thereto shall instead be as set forth in Schedule 6 hereto henceforth (such date the “S&P CDO Monitor Formula Election”) and(y) in connection with the Effective Date, the S&P Effective Date Adjustments will be applied.

  • To insert if S&P CDO Monitor Formula Election Period will initially apply.

  • CDO Monitor Test”: A test that will be satisfied on any date of determination if, after giving effect to the sale of a Collateral Obligation or the purchase of a Collateral Obligation, (i) during an S&P CDO Monitor Model Election Period, the Class Default Differential of the Highest Ranking Class of the Proposed Portfolio is positive and (ii) during an S&P CDO Monitor Formula Election Period, the S&P CDO Monitor Adjusted BDR is equal to or greater than the S&P CDO Monitor SDR.

  • During an S&P CDO Monitor Model Election Period or an S&P CDO Monitor Formula Election Period, the S&P CDO Monitor Test will be considered to be improved if the Applicable Default Differential of the Proposed Portfolio is greater than the Applicable Default Differential of the Current Portfolio.

  • During an S&P CDO Monitor Formula Election Period the S&P CDO Monitor Test will be considered to be improved if or (ii) the difference between the S&P CDO Monitor SDR less the S&P CDO Monitor Adjusted BDR of the Proposed Portfolio is no greater than the correspondingdifference between the S&P CDO Monitor SDR less the S&P CDO Monitor Adjusted BDR of the Current Portfolio.


More Definitions of S&P CDO Monitor Formula Election Period

S&P CDO Monitor Formula Election Period. (i) The period from the First Refinancing Date until the occurrence of an S&P CDO Monitor Model Election Date (if any) and (ii) thereafter, any date on and after an S&P CDO Monitor Formula Election Date so long as no S&P CDO Monitor Model Election Date has occurred since such S&P CDO Monitor Formula Election Date.
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Related to S&P CDO Monitor Formula Election Period

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.