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
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.
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 means, with respect to all Collateral Debt Obligations, (A) the sum of the product of (i) the Principal Balance of each such Collateral Debt 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 Debt Obligations.
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