Examples of S&P Collateral Value in a sentence

The identity of each Deferring Obligation, the Moody’s Collateral Value, S&P Collateral Value and Market Value of each Deferring Obligation and Partial Deferrable Obligation, and the date of which interest was last paid in full in Cash thereon.
CCC Obligations shall be the lesser of (i) the S&P Collateral Value and (ii) the Market Value of such CCC Obligations.
S&P Collateral Value of all Defaulted Obligations and (II) Moody's Collateral Value of all Defaulted Obligations less (ii) the Caa/CCC Excess Adjustment Amount.
As of the Effective Date, the Issuer is required to have acquired, or entered into binding commitments to acquire, Collateral Obligations the Collateral Principal Amount of which equals or exceeds the Reinvestment Target Par Balance (provided that for the purposes of determining such Collateral Principal Amount, the Principal Balance of a Collateral Obligation which is a Defaulted Obligation shall be the lower of its S&P Collateral Value and its Fitch Collateral Value).
As of the Effective Date, the Issuer is required to have acquired, or entered into binding commitments to acquire, Collateral Obligations such that the Collateral Principal Amount equals or exceeds the Reinvestment Target Par Balance (provided that for the purposes of determining such Collateral Principal Amount, the Principal Balance of a Collateral Obligation which is a Defaulted Obligation shall be the lower of its S&P Collateral Value and its Fitch Collateral Value).

More Definitions of S&P Collateral Value

S&P Collateral Value means with respect to any Defaulted Loan or PIKing Loan, the lesser of (i) the S&P Recovery Amount of such Defaulted Loan or PIKing Loan, as of the relevant Measurement Date and (ii) the Market Value of such Defaulted Loan or PIKing Loan, as of the relevant Measurement Date.

S&P Collateral Value means, as of any date of determination, with respect to any Defaulted Obligation and Deferred Interest Asset, (i) as of any date during the first 30 days in which the obligation is a Defaulted Obligation or a Deferred Interest Asset, the S&P Recovery Amount of such Defaulted Obligation or Deferred Interest Asset and (ii) as of any date after the first 30 days in which the obligation is a Defaulted Obligation or a Deferred Interest Asset, the lesser of (a) the S&P Recovery Amount of such Defaulted Obligation or Deferred Interest Asset, respectively, as of the relevant date of determination and (b) the Principal Balance of such Defaulted Obligation or such Deferred Interest Asset as of such date multiplied by the Current Market Value Percentage thereof as of the most recent Measurement Date.

S&P Collateral Value. With respect to any Defaulted Obligation, Deferring Obligation, Workout Loan, Long Dated Obligation, the lesser of (i) the S&P Recovery Amount of such Defaulted Obligation, Deferring Obligation, Workout Loan or Long Dated Obligation, respectively, as of the relevant Measurement Date and (ii) the Market Value of such Defaulted Obligation, Deferring Obligation, Workout Loan or Long Dated Obligation, respectively, as of the relevant Measurement Date.

S&P Collateral Value means in the case of any Collateral Debt Security which is a Defaulted Security the lower of:

S&P Collateral Value means, as of any date of determination, with respect to any Defaulted Obligation or Deferred Interest Asset, the lesser of (a) the S&P Recovery Amount of such Defaulted Obligation or Deferred Interest Asset (as the case may be) as of the relevant date of determination and (b) the Principal Balance of such Defaulted Obligation or Deferred Interest Asset as of such date multiplied by the Current Market Value Percentage thereof as of the most recent Measurement Date.