S&P Industry Classification Group definition

S&P Industry Classification Group means any of the S&P industrial classification groups as set forth on Schedule H and any additional classification groups established by S&P with respect to the Collateral Debt Securities and provided, in each case, by the Collateral Advisor or S&P to the Trustee.

S&P Industry Classification Group means any of the Standard & Poor’s industry classification groups.

S&P Industry Classification Group. The S&P Industry Classifications set forth in Schedule 2 hereto, and such industry classifications shall be updated at the option of the Collateral Manager if S&P publishes revised industry classifications.

Examples of S&P Industry Classification Group in a sentence

• The "Base Amount" shall initially be $15.00 per share of the Series E Preferred Stock, in respect of which the dividend is being calculated.

• S&P Industry Classification Group 1 N/A 10%, provided that (i) any three S&P Industry Classification Groups may each individually comprise up to 12%, (ii) any one S&P Industry Classification Group may individually comprise up to 15% and (iii) one S&P Industry Classification Group may comprise up to 17.5%.

• On any date, the sum of the Reference Entity Notional Amounts of the Reference Entities that belong to the same S&P Industry Classification Group shall not exceed 26 per cent of the Initial Reference Portfolio Notional Amount.

• As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P Industry Classification Group, obtained by dividing (i) the Aggregate Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P Industry Classification Group by (ii) the Aggregate Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations).

• The value calculated by determining the Aggregate Principal Balance of the S&P CLO Specified Assets within each S&P Industry Classification Group, then dividing each of these amounts by the Aggregate Principal Balance of the S&P CLO Specified Assets from all the industries, squaring the result for each industry, then taking the reciprocal of the sum of these squares.

More Definitions of S&P Industry Classification Group

S&P Industry Classification Group means any of the S&P industrial classification groups set forth in Schedule D of this Indenture and any such classification groups that may be subsequently established by S&P and provided by the Collateral Manager or the Issuer to the Trustee.

S&P Industry Classification Group. The meaning set forth in Schedule VI hereto.

S&P Industry Classification Group. Each classification in the table set forth in Schedule 2 hereto.

S&P Industry Classification Group. The meaning set forth in Schedule VI hereto. “S&P Rating”: With respect to any Portfolio Asset, as of any date of determination, if there is an borrower credit rating of the borrower of such Portfolio Asset by S&P as published by S&P, or the guarantor which unconditionally and irrevocably guarantees such Portfolio Asset pursuant to a form of guaranty approved by S&P for use in connection with this transaction, then the S&P Rating shall be such rating, or if there is no such rating by S&P, then the credit estimate provided by S&P. “Sale”: A Discretionary Sale or any other disposition or sale of any Portfolio Asset.

S&P Industry Classification Group. The industry classifications set forth in Schedule 2 hereto.

S&P Industry Classification Group. Each classification in the table set forth in Schedule 2 hereto. “S&P Minimum Floating Spread”: As of any date of determination, either (x) a weighted average floating spread from Section 2 of Schedule 4 or (y) a weighted average floating spread chosen by the Collateral Manager and confirmed by S&P. “S&P Rating”: With respect to any Collateral Obligation, as of any date of determination, the rating determined in accordance with the following methodology: (a) with respect to a Collateral Obligation that is not a DIP Collateral Obligation or a Current Pay Obligation (i) 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 (subject to the then-current S&P guarantee criteria) which unconditionally and irrevocably guarantees such Collateral Obligation then the S&P Rating will 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) or (ii) if there is no issuer credit rating of the issuer by S&P but (A) if there is a senior unsecured rating on any obligation or security of the issuer, the S&P Rating of such Collateral Obligation will equal such rating; (B) if there is a senior secured rating on any obligation or security of the issuer, then the S&P Rating of such Collateral Obligation will be one subcategory below such rating; and (C) if there is a subordinated rating on any obligation or security of the issuer, then the S&P Rating of such Collateral Obligation will be one subcategory above such rating; (b) with respect to any Collateral Obligation that is a DIP Collateral Obligation, the S&P Rating thereof will be the credit rating assigned to such issue by S&P, or if such DIP Collateral Obligation was assigned a point-in-time rating by S&P that was withdrawn, such withdrawn rating may be used for 12 months after the assignment of such rating (provided, that, if the Collateral Manager is or becomes aware of a Specified Amendment with respect to the DIP Collateral Obligation that, in the Collateral Manager’s reasonable judgment, would have a material adverse impact on the value of the DIP Collateral Obligation, such withdrawn rating may not be used unless S&P otherwise confirms the rating or provides an updated one; provided, further, that if any such Collateral Obligation that is a DIP Collateral Obligation is newly issued and the Collateral Manager expects an S&P credit rating within 90 days, the S&P Rating o...

S&P Industry Classification Group. As set forth in Schedule C hereto, any of the S&P industry classification groups, any other additional classification groups established by S&P after the Closing Date with respect to the Initial Collateral Debt Obligations, and any classification groups that may be subsequently established by S&P after the Closing Date with respect to any Additional Collateral Debt Obligation or Substitute Collateral Debt Obligation and provided by the Collateral Manager or the Issuer to the Trustee.