Xxxxx’x RiskCalc has the meaning specified in Schedule 4.
Xxxxx’x RiskCalc means Xxxxx’x KMV RiskCalc®, as set forth under the definition of “Xxxxx’x RiskCalc Calculation” in Schedule 7.
Xxxxx’x RiskCalc means the RiskCalc™ product offered by Xxxxx’x Analytics, Inc.
More Definitions of Xxxxx’x RiskCalc
Xxxxx’x RiskCalc. Xxxxx’x KMV RiskCalc®, as set forth in Section B hereto.
Xxxxx’x RiskCalc. With respect to each Collateral Obligation the Loan Rating of which is derived from Xxxxx’x RiskCalc, shall deliver to the Facility Agent and the Collateral Agent at least five Business Days prior to the date of any purchase of a Collateral Obligation to the extent available, and otherwise as soon as reasonably practicable thereafter, all information necessary to calculate Xxxxx’x RiskCalc with respect to such Collateral Obligation and periodically thereafter as is required to timely make any calculations and prepare any reports related to Loan Ratings derived from Xxxxx’x RiskCalc under this Agreement; provided that, if the Loan Rating is derived from Xxxxx’x RiskCalc, no Advance shall be made in connection with such purchase until all such information is received and Xxxxx’x RiskCalc is calculated unless (i) the Collateral Manager believes that no Borrowing Base Deficiency would reasonably be expected to result from the Advance upon the calculation of Xxxxx’x RiskCalc with respect 126 to the purchased Collateral Obligation and (ii) the Collateral Manager reasonably believes after application of its underwriting standards that the rating of any such Collateral Obligation is at least “Caa1” (any Collateral Obligation subject to such exception, a “Loan Rating Exception Obligation”). Only one Loan Rating Exception Obligation shall be permitted at any time and all information necessary to calculate Xxxxx’x RiskCalc with respect to any Loan Rating Exception Obligation shall be delivered to the Facility Agent and the Collateral Agent no later than 30 days after the purchase of such Collateral Obligation. After the second occurrence of any Loan Rating Exception Obligation being determined to have a Loan Rating less than “Caa1” once all information has been provided to the Facility Agent and the Collateral Agent, no further Loan Rating Exception Obligations shall be permitted and the information necessary to calculate Xxxxx’x RiskCalc with respect to any Collateral Obligation proposed for purchase by the Borrower shall thereafter be provided at least five Business Days prior to the date of any purchase of a Collateral Obligation. After the initial determination of the Loan Rating of any Collateral Obligation using Xxxxx’x RiskCalc, the Borrower shall thereafter provide the Facility Agent and the Collateral Agent all information necessary to update Xxxxx’x RiskCalc with respect to such Collateral Obligation on a quarterly basis.
Xxxxx’x RiskCalc has the meaning set forth on Schedule I hereto.
Xxxxx’x RiskCalc means Xxxxx’x KMV RiskCalc® calculated in accordance with the procedures set forth in Schedule 6 hereto as may be reasonably modified at the sole discretion of the Facility Agent without the consent of any party, provided that any change to such calculation of Xxxxx’x RiskCalc shall be communicated to the Borrower and the Collateral Manager at least 5 Business Days prior to such change.
Xxxxx’x RiskCalc means Xxxxx’x RiskCalc® Plus Version 3.1 in the Credit Cycle Adjustment (“CCA”) mode with static mapping to equivalent bond letter ratings; provided, however, that if at any time of determination a different Risk Factor Rating is obtained utilizing the Financial Statement Only (“FSO”) mode, upon the Borrower’s request and the approval of the Agent in its sole discretion, the FSO mode may be substituted for the CCA mode with respect to such Risk Factor Rating.
Xxxxx’x RiskCalc means the RiskCalc™ product offered by Xxxxx’x Analytics, Inc. *** Confidential treatment has been requested for the portions marked by “***”. The confidential redacted portions have been omitted and filed separately with the Commission