Collateral Quality Tests Clause Samples
Collateral Quality Tests. Tests (each, a “Collateral Quality Test”) performed with respect to the Eligible Loans included in the Collateral on any date of determination, that are satisfied so long as:
Collateral Quality Tests. ▇. ▇▇▇▇▇’▇ Diversity Test
b. Minimum Floating Spread Test Computed without LIBOR Floors
c. Minimum Floating Spread Test Computed with LIBOR Floors
d. Minimum Weighted Avg Coupon Test
e. Maximum Wtd. Avg. Life Test
f. Maximum ▇▇▇▇▇’▇ ▇▇▇▇ Test
g. Minimum Wtd. Avg. ▇▇▇▇▇’▇ Recovery Rate
Collateral Quality Tests. The Borrower will ensure, on each Determination Date and at each other time specified in this Agreement, that the Collateral Quality Tests is satisfied.
Collateral Quality Tests. On and after the Refinancing Closing Date (or any other date as specified below) the acquisition of a Collateral Bond by the Issuer, or the Collateral Manager on its behalf, must not after giving effect to such acquisition cause the Collateral Portfolio to breach any of the following limitations (the "Collateral Quality Tests") which will be used primarily as criteria for acquiring of Collateral Bonds during the Reinvestment Period. Measurement by the Collateral Administrator of the degree of compliance with the Collateral Quality Tests must be undertaken on every date on which a Collateral Bond is acquired.
Collateral Quality Tests. The Borrower shall be in compliance with each of the Collateral Quality Tests and the Interest Spread Measure;
Collateral Quality Tests. The Collateral Quality Tests will be satisfied if, as of the Closing Date and the Effective Date, in the aggregate, the Collateral Debt Securities comply with all of the requirements set forth below (collectively, the “Collateral Quality Tests”):
(i) the aggregate Principal Balance of all Collateral Debt Securities with a ▇▇▇▇▇’▇ Rating of below “Baa3” and above “B1” does not exceed 30% of the CDS Principal Balance;
(ii) the aggregate Principal Balance of all Collateral Debt Securities with a ▇▇▇▇▇’▇ Rating of lower than “Ba3” does not exceed 15% of the CDS Principal Balance;
(iii) the aggregate Principal Balance of all Collateral Debt Securities with a S&P Rating lower than “BBB-” and above “B+” does not exceed 30% of the CDS Principal Balance;
(iv) the aggregate Principal Balance of all Collateral Debt Securities with an S&P Rating of lower than “BB-” does not exceed 15% of the CDS Principal Balance;