Weighted Average Spread Test definition

Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread is greater than or equal to 4.50%.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Weighted Average Spread Test means, as of any date of determination, that the Weighted Average Spread of all Eligible Loan Assets that are Floating Rate Loan Assets is equal to or greater than 3.5%.

Weighted Average Spread Test means, as of any date of determination, a test that is satisfied if the Weighted Average Spread of all Eligible Loan Assets that are Floating Rate Loan Assets is equal to or greater than (i) if such date of determination is prior to the CQT Matrix Trigger Date, 3.50%, or (ii) if such date of determination is on or after the CQT Matrix Trigger Date, the “Minimum WAS” selected by the Servicer by reference to the matrix set forth on Annex D.

Examples of Weighted Average Spread Test in a sentence

For any date of determination, the intersection set forth in the matrices below that has been selected by the Servicer for use in determining the scores that are required to satisfy the Diversity Score Test, the ▇▇▇▇ Test, the WARR Test and the Weighted Average Spread Test.
As of the Closing Date, the Collateral Manager hereby elects the intersection of Min WAS value of 5.05% and Minimum Diversity Score value of 12 (thereby resulting in a W▇▇▇ value of 3835) in the Collateral Quality Matrix as the initially applicable values for purposes of determining compliance with the Weighted Average Spread Test, the Diversity Score Test and the W▇▇▇ Test.
Accordingly, (i) the Trustee, (ii) the Issuer, (iii) the Co-Issuer and (iv) the Insurer are entering into this supplemental indenture, dated as of February 19, 2004, pursuant to Section 8.2 of the Indenture to amend the Weighted Average Coupon Test, the Weighted Average Spread Test and the Moody's Maximum Rating Distribution Test.
On or prior to the date on which the Ramp Amount is first achieved, the Collateral Manager shall elect the “row/column” combination of the Asset Quality Matrix that shall on and after such date apply to the Loans for purposes of determining compliance with the Minimum Weighted Average Spread Test, the Minimum Diversity Score Test and the Maximum Weighted Average Rating Factor Test, and shall provide notice of such election to the Administrative Agent.
On or before September 30, 2007, the Servicer shall prepare and deliver to ▇▇▇▇▇’▇ an interim status report, setting forth certain information on the Loans as of such date, including the then-current Aggregate Outstanding Loan Balance and the extent of compliance with the Diversity Test, the ▇▇▇▇▇’▇ Weighted Average Spread Test, the ▇▇▇▇▇’▇ Weighted Average Recovery Rate Test and the ▇▇▇▇▇’▇ Weighted Average Rating Factor Test.

More Definitions of Weighted Average Spread Test

Weighted Average Spread Test. As of any date of determination, a test that is satisfied if the Weighted Average Spread of all Eligible Loans that are Floating Rate Loans is equal to or greater than 4.50%.

Weighted Average Spread Test means a test that will be satisfied on any Measurement Date if the Weighted Average Spread as of such Measurement Date is equal to or greater than the greater of (x) the "Minimum Weighted Average Spread" corresponding to the Matrix Case elected by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) and (y) 2.00%.

Weighted Average Spread Test. Unused Fee", "Unused Fee Rate" (including, in each case, any material component definition(s) thereof), and (B) the written consent of each Lender directly and adversely affected thereby shall be required for any amendment, modification or waiver (i) extending or increasing the Commitment of any Lender (or reinstating any Commitment terminated pursuant to the terms hereof (including any extension of the "Commitment Termination Date" (including, in each case, any component definitions thereof) (and for the avoidance of doubt, such extended or increased Lender shall be deemed to be adversely affected, provided that, increasing the Commitment of any Lender on a non-pro rata basis will not be deemed to adversely affect any other Lender)), (ii) modifying any other provision of this Agreement that would adversely affect the rights of any Lender in a manner disproportionate (in relation to such to such Lender's Pro Rata Share, including any payments (and their priority) to the Lenders provided for therein) to the effect of such amendment, modification or waiver on any other Lender, (iii) reducing any fee, premium, expense or other amount payable to such Lender under any Transaction Document (or postponing any date for payment thereof), or (iv) resulting in the incurrence by the Borrower of (or otherwise permitting the incurrence of) any senior or pari passu indebtedness (other than the indebtedness represented by this Agreement).

Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread is greater than or equal to 4.00%.

Weighted Average Spread Test means, a test that will be satisfied if the Weighted Average Spread exceeds Minimum Weighted Average Spread.

Weighted Average Spread Test means, a test that will be satisfied if the Weighted Average Spread with respect to Trust Preferred Securities and Subordinated Notes is 3.22% on the Ramp-Up Completion Date.

Weighted Average Spread Test. A test that is satisfied if the Weighted Average Spread equals or exceeds 4.00%. USActive 55525956.1555525956.20 47

Filter & Search

Related Definitions