Xxxxx’x Default Probability Rating definition

Xxxxx’x Default Probability Rating means with respect to any Asset, the rating determined pursuant to Schedule E-1 hereto.

Xxxxx’x Default Probability Rating means, with respect to any Collateral Loan, as of any date of determination, the rating determined in accordance with the following methodology:

Xxxxx’x Default Probability Rating means, with respect to any date of determination, the rating as determined in accordance with the following, in the following order of priority; provided that, with respect to the Loan Assets generally, if at any time Xxxxx’x or any successor to it ceases to provide rating services, references to rating categories of Xxxxx’x shall be deemed instead to be references to the equivalent categories of any other nationally recognized investment rating agency selected by the Borrower (with written notice to the Administrative Agent), as of the most recent date on which such other rating agency and Xxxxx’x published ratings for the type of security in respect of which such alternative rating agency is used:

Examples of Xxxxx’x Default Probability Rating in a sentence

• With respect to a Collateral Obligation whose Xxxxx’x Rating or Xxxxx’x Default Probability Rating cannot otherwise be determined pursuant to the definitions thereof, such Xxxxx’x Rating or Xxxxx’x Default Probability Rating shall be determined as set forth below.

• With respect to a Collateral Loan whose Xxxxx’x Rating or Xxxxx’x Default Probability Rating cannot otherwise be determined pursuant to the definitions thereof, such Xxxxx’x Rating or Xxxxx’x Default Probability Rating shall be determined as set forth below.

• With respect to any Annual Period, from and after the Third Restatement Effective Date, a test that is satisfied so long as no more than two Rating Pending Loans either (i) received a Xxxxx’x Rating Factor higher than the Xxxxx’x Rating Factor assigned to such Rating Pending Loan under clause (C)(I) of the definition of Xxxxx’x Default Probability Rating or (ii) failed to receive a Xxxxx’x Credit Estimate within 90 days following the date the Borrower acquired such Loan.

More Definitions of Xxxxx’x Default Probability Rating

Xxxxx’x Default Probability Rating means, with respect to any Portfolio Asset, as of any date of determination, the rating determined in accordance with the following methodology:

Xxxxx’x Default Probability Rating. With respect to any Collateral Obligation, as of any date of determination, the rating determined in accordance with the following methodology:

Xxxxx’x Default Probability Rating. With respect to a Collateral Obligation, the Xxxxx’x Default Probability Rating will be:

Xxxxx’x Default Probability Rating. With respect to any Collateral Obligation, the rating determined pursuant to Schedule 3 hereto (or such other schedule provided by the Collateral Manager (in its sole discretion) to the Issuer, the Trustee and the Collateral Administrator based on Xxxxx’x criteria as may be published from time to time).

Xxxxx’x Default Probability Rating. With respect to any Collateral Obligation, the rating determined pursuant to Schedule 4 hereto.

Xxxxx’x Default Probability Rating. With respect to any date of determination, the rating as determined in accordance with the following, in the following order of priority; provided that, with respect to the Collateral Obligations generally, if at any time Xxxxx’x or any successor to it ceases to provide rating services, references to rating categories of Xxxxx’x shall be deemed instead to be references to the equivalent categories of any other nationally recognized investment rating agency selected by the Borrower (with written notice to the Facility Agent and the Collateral Agent), as of the most recent date on which such other rating agency and Moody’s published ratings for the type of security in respect of which such alternative rating agency is used:

Xxxxx’x Default Probability Rating has the meaning specified in Schedule 7.