S&P Equivalent Diversity Score. A single number that indicates collateral concentration in terms of both issuer and industry concentration, calculated as set forth in Schedule 6 hereto.
S&P Equivalent Diversity Score. A single number that indicates collateral concentration in terms of both issuer and industry concentration, calculated as set forth in Schedule 1(B) hereto. "S&P Equivalent Weighted Average Rating Factor": The number determined by summing the products obtained by multiplying the Principal Balance of each Collateral Obligation by its S&P Rating Factor, dividing such sum by the Aggregate Principal Balance of all such Collateral Obligations and then rounding the result up to the nearest whole number. "S&P Industry Classification": The S&P Industry Classifications set forth in Schedule 1(A) hereto, which industry classifications may be updated at the option of the Collateral Manager if S&P publishes revised industry classifications. "S&P Rating": With respect to any Collateral Obligation, as of any date of determination, the rating determined in accordance with the following methodology: (i) (a) if there is an issuer credit rating of the issuer of such Collateral Obligation by S&P as published by S&P, or the guarantor which unconditionally and irrevocably guarantees such Collateral Obligation pursuant to a form of guaranty which satisfies S&P's then-current criteria applicable to guaranty agreements, then the S&P Rating shall be such rating (regardless of whether there is a published rating by S&P on the Collateral Obligations of such issuer held by the Issuer; provided that private ratings (that is, ratings provided at the request of the Obligor) may be used for purposes of this definition if the related Obligor has consented to the disclosure thereof and a copy of such consent has been provided to S&P) or (b) if there is no issuer credit rating of the issuer by S&P but (1) there is a senior secured rating on any obligation or security of the issuer, then the S&P Rating of such Collateral Obligation shall be one sub-category below such rating; (2) if clause (1) above does not apply, but there is a senior unsecured rating on any obligation or security of the issuer, the S&P Rating of such Collateral Obligation shall equal such rating; and (3) if neither clause (1) nor clause (2) above applies, but there is a subordinated rating on any obligation or security of the issuer, then the S&P Rating of such Collateral Obligation shall be one sub-category above such rating; (ii) with respect to any Collateral Obligation that is a DIP Collateral Obligation, the S&P Rating thereof shall be the credit rating assigned to such issue by S&P, or if such DIP Collateral Obligat...
S&P Equivalent Diversity Score. The meaning specified in Schedule 2.
More Definitions of S&P Equivalent Diversity Score
S&P Equivalent Diversity Score means the sum of each of the Industry Diversity Scores for each S&P Industry Classification, which are calculated as follows: