Examples of S&P Recovery Rate in a sentence

With respect to any Collateral Obligation, an amount equal to: (a) the applicable S&P Recovery Rate multiplied by (b) the Principal Balance of such Collateral Obligation.
With respect to any Collateral Obligation, the corporate recovery rating assigned by S&P (i.e., the S&P Recovery Rate) to such Collateral Obligation.
On or prior to the later of (x) the S&P CDO Monitor Election Date and (y) the Effective Date, the Collateral Manager will elect the S&P Minimum Weighted Average Recovery Rate that will apply on and after such date to the Collateral Obligations for purposes of determining compliance with the Minimum Weighted Average S&P Recovery Rate Test, and the Collateral Manager will so notify the Trustee and the Collateral Administrator.
With respect to a Collateral Obligation for which an S&P Recovery Rate is being determined, the "Recovery Rating" assigned by S&P to such Collateral Obligation based upon the tables set forth in Schedule 6 hereto.
With respect to a Collateral Obligation for which an S&P Recovery Rate is being determined, the “Recovery Rating” assigned by S&P to such Collateral Obligation based upon the tables set forth in Schedule 6 hereto.

More Definitions of S&P Recovery Rate

S&P Recovery Rate means in respect of any Collateral Debt Obligation, the recovery rate applicable to such Collateral Debt Obligation and the recovery rate applicable to the then current rating of the most senior Class of Notes Outstanding determined in accordance with the Investment Management Agreement or as advised by S&P, save for the purposes of the S&P Minimum Weighted Average Recovery Rate Test, for the purposes of which the recovery rate shall be determined in respect of each Collateral Debt Obligation and the then current rating of each applicable Class of Notes determined in accordance with the Investment Management Agreement.

S&P Recovery Rate. With respect to any Collateral Debt Security on any Measurement Date, an amount equal to the percentage for such Collateral Debt Security set forth in Schedule B (the Standard & Poor’s Recovery Matrix) hereto (or, in the case of a Defaulted Security under Clause A of Schedule B (the Standard & Poor’s Recovery Matrix) hereto, corresponding to the S&P Rating at the time of issuance of such Collateral Debt Security).

S&P Recovery Rate has the meaning set forth on Schedule F hereto.

S&P Recovery Rate means, with respect to any Asset, the recovery rate determined in the manner set forth below:

S&P Recovery Rate means, in respect of any Underlying Asset, the recovery rate determined in accordance with the Collateral Management Agreement or as so advised by S&P;