Xxxxx’x Derived Rating means, with respect to any Loan Asset and the Obligor thereof as of any date of determination, the rating determined in accordance with the following, in the following order of priority:
Xxxxx’x Derived Rating means, with respect to a Portfolio Asset 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 as determined in the manner set forth below:
Xxxxx’x Derived Rating. 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.
Examples of Xxxxx’x Derived Rating in a sentence
Senior secured obligation -1 Unsecured obligation 0 Subordinated obligation +1 (3) if such Collateral Obligation is a DIP Collateral Obligation, the Xxxxx’x Derived Rating may be determined based on a rating by S&P, Fitch or any other rating agency.
More Definitions of Xxxxx’x Derived Rating
Xxxxx’x Derived Rating. With respect to a Collateral Obligation for which a Xxxxx’x Derived Rating is to be determined, such Xxxxx’x Derived Rating will be the rating determined as set forth below:
Xxxxx’x Derived Rating. With respect to any Collateral Obligation whose Xxxxx’x Rating or Xxxxx’x Default Probability Rating cannot otherwise be determined pursuant to the definitions thereof, the rating determined for such Collateral Obligation as set forth in 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 Derived Rating. With respect to any Collateral Obligation, the rating determined pursuant to Schedule 4 hereto.
Xxxxx’x Derived Rating has the meaning specified in Schedule 7.
Xxxxx’x Derived Rating means with respect to a Collateral Obligation whose Xxxxx’x Rating or Xxxxx’x Default Probability Rating is determined as the Xxxxx'x Derived Rating, the rating as determined in accordance with the following, in the following order of priority:
Xxxxx’x Derived Rating means with respect to any Warehouse Asset, the rating determined pursuant to the methodology set forth under the heading “Xxxxx’x Derived Rating” on Schedule 3 hereto. - 24- USActive 55697678.955697678.10
Xxxxx’x Derived Rating means, with respect to a Collateral Asset whose Xxxxx’x Rating cannot otherwise be determined pursuant to the definitions thereof, such Xxxxx’x Rating as determined in the manner set forth below: