S&P Regional Diversity Measure means a measure calculated by determining the Aggregate Principal Balance of the Collateral Obligations (with an S&P Rating of "CCC-" or higher) within each S&P region set forth in Table 2 below, then dividing each of these amounts by the Aggregate Principal Balance of the Collateral Obligations (with an S&P Rating of "CCC-" or higher) from all S&P regions in the portfolio, squaring the result for each region, then taking the reciprocal of the sum of these squares.
S&P Regional Diversity Measure means a measure calculated by determining the aggregate principal balance of the Collateral Obligations (with an S&P Rating of “CCC-” or higher) within each S&P region set forth in Table 1 below, then dividing each of these amounts by the aggregate principal balance of the Collateral Obligations (with an S&P Rating of “CCC-” or higher) from all S&P regions in the portfolio, squaring the result for each region, then taking the reciprocal of the sum of these squares.
S&P Regional Diversity Measure means a measure calculated by determining the Aggregate Principal Balance of the Collateral Debt Obligations within each S&P region set forth in Annex C (S&P Regional Diversity Measure Table) of this Prospectus, then dividing each of these amounts by the Aggregate Principal Balance of the CollateralDebt Obligations from all S&P regions in the portfolio, squaring the result for each region, then taking the reciprocal of the sum of these squares.
Examples of S&P Regional Diversity Measure in a sentence
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 Regional Diversity Measure
S&P Regional Diversity Measure means a measure calculated by determining the Aggregate Principal Balance of the S&P CLO Specified Assets within each S&P region set forth in Annex C (S&P Regional Diversity Measure Table) of this Prospectus, then dividing each of these amounts by the Aggregate Principal Balance of the S&P CLO Specified Assets from all S&P regions in the portfolio, squaring the result for each region, then taking the reciprocal of the sum of these squares.
S&P Regional Diversity Measure means the value calculated by determining the Aggregate Principal Balance of the S&P CLO Specified Assets within each Standard & Poor's region categorization (set out in the "CDO Evaluator Country Codes, Regions and Recovery Groups" table in AnnexA (S&P Recovery Rates), or such other published table by S&P that the Collateral Manager provides to the Collateral Administrator), then dividing each of these amounts by the Aggregate Principal Balance of the S&P CLO Specified Assets fromall regions in the portfolio, then squaring the result for each region, then taking the reciprocal of the sumof these squares.
S&P Regional Diversity Measure means a measure calculated by determining the Aggregate Principal Balance of the Collateral Obligations (with an S&P Rating of “CCC-” or higher) within each S&P region set forth in Table 2 below, then dividing each of these amounts
S&P Regional Diversity Measure means the value calculated by determining the aggregate principal balance of the S&P CLO Specified Assets within each Standard & Poor's region categorization (see "Global Methodology And Assumptions For CLOs And Corporate CDOs," published June 21, 2019, or such other published table by S&P that the Collateral Manager provides to the Collateral Administrator), then dividing each of these amounts by the aggregate principal balance of the S&P CLO Specified Assets from all regions in the portfolio, squaring the result for each region, then taking the reciprocal of the sum of these squares.