S&P Default Rate Dispersion definition

S&P Default Rate Dispersion means, with respect to all Collateral Obligations with an S&P Rating of "CCC-" or higher, (A) the sum of the product of (i) the Principal Balance of each such Collateral Obligation and (ii) the absolute value of (x) the S&P Default Rate minus(y) the S&P Expected Portfolio Default Rate divided by (B) the Aggregate Principal Balance for all such Collateral Obligations.
S&P Default Rate Dispersion means, with respect to all Collateral Loans with an S&P Rating of “CCC-” or higher, (A) the sum of the product of (i) the Principal Balance of each such Collateral Loan and (ii) the absolute value of (x) the S&P Rating Factor minus (y) the S&P Weighted Average Rating Factor divided by (B) the Aggregate Principal Balance for all such Collateral Loans.
S&P Default Rate Dispersion means, with respect to all Collateral Obligations with an S&P Rating of “CCC-” or higher, (A) the sum of the product of (i) the principal balance of each such Collateral Obligation and (ii) the absolute value of (x) the S&P Rating Factor for such Collateral Obligations minus (y) the S&P Weighted Average Rating Factor divided by (B) the aggregate principal balance for all such Collateral Obligations.

Examples of S&P Default Rate Dispersion in a sentence

  • The S&P Expected Default Rate, S&P Default Rate Dispersion, S&P Obligor Diversity Measure, S&P Industry Diversity Measure, S&P Regional Diversity Measure and the S&P Weighted Average Life.

  • Each of S&P Default Rate Dispersion, S&P Expected Portfolio Default Rate, S&P Industry Diversity Measure, S&P Obligor Diversity Measure, S&P Regional Diversity Measure and S&P Weighted Average Life.

  • Each of the S&P Default Rate Dispersion, S&P Weighted Average Rating Factor, S&P Industry Diversity Measure, S&P Obligor Diversity Measure, S&P Regional Diversity Measure and S&P Weighted Average Life.

  • With respect to the Highest Ranking S&P Class, the percentage derived from the following equation: 0.329915 + (1.210322 * EPDR) – (0.586627 * DRD) + (2.538684/ODM) + (0.216729 / IDM) + (0.0575539 / RDM) – (0.0136662 * WAL), where EPDR is theS&P Expected Portfolio Default Rate; DRD is the S&P Default Rate Dispersion; ODM is the S&P Obligor Diversity Measure; IDM is the S&P Industry Diversity Measure; RDM is the S&P Regional Diversity Measure; and WAL is the S&P Weighted Average Life.

  • With respect to the Highest PriorityRanking S&P Class, the percentage derived from the following equation: 0.329915 + (1.210322 * EPDR) – (0.586627 * DRD) + (2.538684/ODM) + (0.216729 / IDM) + (0.0575539 / RDM) – (0.0136662 * WAL), where EPDR is theS&P Expected Portfolio Default Rate; DRD is the S&P Default Rate Dispersion; ODM is the S&P Obligor Diversity Measure; IDM is the S&P Industry Diversity Measure; RDM is the S&P Regional Diversity Measure; and WAL is the S&P Weighted Average Life.


More Definitions of S&P Default Rate Dispersion

S&P Default Rate Dispersion means the value calculated by multiplying the Principal Balance for each S&P CLO Specified Asset by the absolute value of the difference between the S&P Global Ratings Factor for such S&P CLO Specified Asset and the S&P Weighted Average Rating Factor, then summing the results for all S&P CLO Specified Assets, and dividing this amount by the Aggregate Principal Balance of the S&P CLO Specified Assets.
S&P Default Rate Dispersion. With respect to all Collateral Obligations with an S&P Rating of “CCC-” or higher, (A) the sum of the product of (i) the Principal Balance of each such Collateral Obligation and (ii) the absolute value of (x) the S&P Rating Factor for such Collateral Obligation minus (y) the Weighted Average S&P Rating Factor divided by (B) the Aggregate Principal Balance for all such Collateral Obligations.
S&P Default Rate Dispersion means the value calculated by the Collateral Manager by multiplying the principal balance for each Collateral Obligation with an S&P Rating of "CCC-" or higher by the absolute value of the difference between the Rating Factor (as defined in the definition of S&P Global Ratings Weighted Average Rating Factor) of such
S&P Default Rate Dispersion means, with respect to all S&P CLO Specified Assets, (A) the sum of the product of

Related to S&P Default Rate Dispersion

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus four percent (4.0%).

  • Default Rate means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.

  • Reference Interest Rate Transition Event means the occurrence of one or more of the following events with respect to the then-current Reference Interest Rate:

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;