Maximum Weighted Average Life Test definition

Maximum Weighted Average Life Test is a test satisfied on any Measurement Date if the Weighted Average Life of all Collateral Loans as of such date is less than or equal to (a) 7 years minus (b) the number of years (rounded to the nearest quarter) that have elapsed since the Closing Date.

Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

Maximum Weighted Average Life Test means a test that will be satisfied at any time if the Weighted Average Life of all Eligible Loans at such time is less than or equal to 7 years minus the quotient of the number of full calendar quarters that have elapsed since the Closing Date divided by four.

Maximum Weighted Average Life Test has the meaning set forth on Schedule F hereto.

Maximum Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations in the Reinvesting Portfolio as of such date is less than or equal to the value in the table below corresponding to the immediately preceding Payment Date (or, prior to the first Payment Date following the Closing Date, the Closing Date):

Maximum Weighted Average Life Test. A test that will be satisfied on any Measurement Date if the Weighted Average Life of all Loans included in the Collateral is less than or equal to 5.0 years; provided that following a securitization in which the Administrative Agent is the sole or joint lead bookrunner, the Maximum Weighted Average Life Test will not apply hereunder until the aggregate Adjusted Borrowing Value is greater than $50,000,000.

Maximum Weighted Average Life Test is a test satisfied on any Measurement Date if the Weighted Average Life of all Collateral Loans as of such date is less than or equal to (a) 6 years minus (b) the number of years (rounded to the nearest quarter) that have elapsed since the Amended and Restated Closing Date (or, if any Permitted Securitization has occurred, since the date of the most recent Permitted Securitization). "Measurement Date" means each Calculation Date, each day Collateral Loans are acquired, originated or sold, each Collateral Report Determination Date and each day pursuant to the reasonable request of the Majority Lenders or S&P; provided that if any such date is not a Business Day, such Measurement Date shall be the next succeeding Business Day. "Minimum Weighted Average Coupon Test" means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%. "Minimum Weighted Average S&P Recovery Rate Test" means the test that will be satisfied on any date of determination if the Weighted Average S&P Recovery Rate for the Collateral Loans equals or exceeds the S&P CDO Monitor Recovery Rate. "Minimum Weighted Average Spread Test" means a test that will be satisfied on any Measurement Date if the Weighted Average Spread equals or exceeds the S&P Minimum Floating Spread. "MM Loan" means a Collateral Loan that is not a BSL Loan. "Money" shall have the meaning specified in Section 1-201(24) of the UCC. "▇▇▇▇▇'▇" means ▇▇▇▇▇'▇ Investors Service, Inc. and any successor thereto. "Multiemployer Plan" means at any time a "multiemployer plan" within the meaning of Section 4001(a)(3) of ERISA to which any Borrower or a member of its ERISA Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions. "NCPCF" means ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Private Credit Fund. "NCPCIF" means ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Private Capital Income Fund.

Maximum Weighted Average Life Test in Section 1.1 of the Agreement is hereby amended to read as follows:

Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted