S&P CDO Monitor Model Election Period definition

S&P CDO Monitor Model Election Period means (a) the period from and including the Closing Date to but excluding the earlier of (i) the S&P CDO Monitor Formula Election Date (if any) and (ii) the date on which the Obligations have been paid 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 Model Election Date (if any) to the date on which the Obligations have been paid in full.
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S&P CDO Monitor Model Election Period means any date on and after an S&P CDO Monitor Model Election Date so long as no S&P CDO Monitor Formula Election Date has occurred since such S&P CDO Monitor Model Election Date.
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S&P CDO Monitor Model Election Period. The period from and including the S&P CDO Monitor Model Election Date to but excluding the earlier of (i) the S&P CDO Monitor Formula Election Date (if any) and (ii) 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 Model Election Period in a sentence

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

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

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

  • The meaning specified in Schedule B.[“S&P CDO Monitor Test”: A test that will be satisfied on each Measurement Date during the Reinvestment Period if, after giving effect to the purchase of an Underlying Asset, (a) during an S&P CDO Monitor Model Election Period, following receipt by the Issuer and the Collateral Administrator of the applicable input file to the S&P CDO Monitor, the Applicable Default Differential of the Proposed Portfolio is positive.

  • A test that will be satisfied on any date of determination during any S&P CDO Monitor Model Election Period if, after giving effect to the purchase of an additional Collateral Obligation, the Class Default Differential of the Highest Ranking Class of the Proposed Portfolio is positive.

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

  • During an S&P CDO Monitor Model Election Period, the S&P CDO Monitor Test will be considered to be improved if the Class Default Differential of the Proposed Portfolio with respect to the Highest Priority S&P Class is greater than the Class Default Differential of the Current Portfolio with respect to the Highest Priority S&P Class.

  • 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.

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


More Definitions of S&P CDO Monitor Model Election Period

S&P CDO Monitor Model Election Period. Any date on and after an S&P CDO Monitor Model Election Date so long as no S&P CDO Monitor Formula Election Date has occurred since such S&P CDO Monitor Model Election Date.
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Related to S&P CDO Monitor Model Election Period

  • S&P CDO Monitor Test A test that will be satisfied on any date of determination (following receipt, at any time on or after the S&P CDO Monitor Election Date, by the Issuer and the Collateral Administrator of the Class Break-even Default Rates for each S&P CDO Monitor input file (in accordance with the definition of “Class Break-even Default Rate”)) if, after giving effect to a proposed sale or purchase of an additional Collateral Obligation, the Class Default Differential of the Highest Ranking Class of the Proposed Portfolio is positive. The S&P CDO Monitor Test will be considered to be improved if the Class Default Differential of the Proposed Portfolio that is not positive is greater than the corresponding Class Default Differential of the Current Portfolio.

  • SOFR Benchmark Replacement Date means the Benchmark Replacement Date with respect to the then-current Benchmark;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • 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.

  • SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.