Examples of Applicable Row Level in a sentence
The "Maximum DBRS Risk Score Test" will be satisfied for so long as the Class A-1 Notes are Outstanding on any date of determination if the Weighted Average DBRS Risk Score of the Collateral Obligations in the Reinvesting Portfolio as of such date is less than or equal to the Row Weighted Average Risk Score based upon the Applicable Row Level from the DBRS Collateral Quality Matrix.
The "DBRS Collateral Quality Matrix" is the following chart used to determine the "Applicable Row Level" for purposes of determining compliance with the Maximum DBRS Risk Score Test, the Minimum DBRS Diversity Score Test, the Minimum Weighted Average DBRS Recovery Rate Test and the Minimum Weighted Average DBRS Spread Test.
The "Minimum Weighted Average DBRS Recovery Rate Test" will be satisfied for so long as the Class A-1 Notes are Outstanding on any date of determination if the Weighted Average DBRS Recovery Rate equals or exceeds the Row "AAA" Recovery Level corresponding to the Applicable Row Level then in effect.
The "Minimum DBRS Diversity Score Test" will be satisfied for so long as the Class A-1 Notes are Outstanding on any date of determination if the DBRS Diversity Score (calculated as a single number in accordance with standard diversity scoring methodology using DBRS Industry Classifications and so as to exclude any Excess Concentration Amounts) equals or exceeds the Row Diversity Score for the Applicable Row Level in effect at such time in the DBRS Collateral Quality Matrix.
On or prior to the Closing Date, the Collateral Manager shall specify to the Agents (with a copy to DBRS and the Lenders) the Applicable Row Level to be in ef fect initially.
Thereafter, upon not less than two Business Days prior written notice to the Agents (with a copy to DBRS and the Lenders), the Borrower or the Collateral Manager may specify a different Applicable Row Level than the one in use at that time; provided that the Borrower demonstrates compliance with all columns in the table for the proposed Applicable Row Level on Schedule F.