Asset Quality Matrix definition

Asset Quality Matrix means the following chart used to determine which of the "row/column combinations" (or the linear interpolation between two adjacent rows and/or two adjacent columns) are applicable for purposes of determining compliance with the Moody's Diversity Test, the Maximum Moody's Rating Factor Test and the Minimum Floating Spread Test:

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Asset Quality Matrix. The following chart used to determine which of the “row/column combinations” are applicable for purposes of determining compliance with the ▇▇▇▇▇’▇ Diversity Test, the Maximum ▇▇▇▇▇’▇ Rating Factor Test and the Minimum ▇▇▇▇▇’▇ Floating Spread Test, as set forth in Section 7.18(g). 3.85% 2660 2720 2770 2815 2860 2880 2895 2910 2920 3.95% 2740 2800 2850 2895 2940 2960 2975 2990 3000 4.05% 2810 2870 2920 2965 3010 3035 3055 3070 3085 4.15% 2855 2925 2985 3035 3080 3105 3125 3145 3165 4.25% 2915 2985 3045 3095 3140 3170 3200 3220 3240 4.35% 2975 3045 3105 3155 3200 3230 3260 3280 3300 4.45% 3015 3085 3145 3195 3240 3270 3300 3320 3340 4.55% 3055 3125 3185 3235 3280 3310 3340 3360 3380 4.65% 3095 3165 3225 3275 3320 3350 3380 3400 3420 4.75% 3135 3205 3265 3315 3360 3390 3420 3450 3470 4.85% 3175 3245 3305 3355 3400 3430 3460 3490 3510 4.95% 3215 3285 3345 3395 3440 3470 3500 3530 3550 5.05% 3255 3325 3385 3435 3480 3510 3540 3570 3590 5.15% 3290 3360 3420 3470 3515 3545 3575 3605 3625 5.25% 3325 3395 3455 3505 3550 3585 3620 3655 3680 5.35% 3360 3430 3490 3540 3585 3620 3655 3690 3715 5.45% 3395 3465 3525 3575 3620 3655 3690 3725 3750 5.55% 3430 3500 3560 3610 3655 3690 3725 3760 3790 5.65% 3465 3535 3595 3645 3690 3730 3770 3805 3835 5.75% 3500 3570 3630 3680 3725 3765 3805 3840 3870 5.85% 3535 3605 3665 3715 3760 3800 3840 3875 3905 5.95% 3570 3640 3700 3750 3795 3835 3875 3910 3940 6.05% 3605 3675 3735 3785 3830 3870 3910 3945 3975

Examples of Asset Quality Matrix in a sentence

If the Collateral Manager does not notify the Trustee, the Collateral Administrator and each Rating Agency then rating a Class of Secured Notes that it will alter the “row/column combination” of the Asset Quality Matrix chosen on or prior to the Effective Date in the manner set forth above, the “row/column combination” of the Asset Quality Matrix chosen on or prior to the Effective Date shall continue to apply.
On or prior to the Effective Date, the Collateral Manager shall elect the “row/column combination” of the Asset Quality Matrix that shall on and after the Effective Date apply to the Collateral Obligations for purposes of determining compliance with the Maximum ▇▇▇▇▇’▇ Rating Factor Test, the ▇▇▇▇▇’▇ Diversity Test, the ▇▇▇▇▇’▇ Matrix Test and the Minimum Floating Spread Test.
For the avoidance of doubt, any determination of compliance or non-compliance with such tests based on the Asset Quality Matrix shall be determined after application of any applicable excess or any modifier hereunder (including, but not limited to, the ▇▇▇▇▇’▇ Weighted Average Recovery Adjustment).
Notwithstanding the foregoing, the Collateral Manager may elect at any time on or prior to the Effective Date, in lieu of selecting a “row/column combination” of the Asset Quality Matrix, to interpolate between two adjacent rows and/or two adjacent columns, as applicable, on a straight-line basis and round the results to two decimal points.

More Definitions of Asset Quality Matrix

Asset Quality Matrix means the following chart used to determine which of the “row/column combinations” are applicable for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Moody’s Rating Factor Test and the Minimum Floating Spread Test:

Asset Quality Matrix. The following chart is used to determine which of the "row/column combinations" (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) are applicable for purposes of determining compliance with the Moody's Diversity Test, the Maximum ▇▇▇▇▇'▇ Rating Factor Test and the Minimum Floating Spread Test, as set forth in Section 7.17(e).

Asset Quality Matrix. The meaning set forth in Schedule 6 hereto.

Asset Quality Matrix means the following matrix (or such other matrix as may be provided by the Investment Manager with a copy to the Collateral Administrator, subject to satisfaction of the Moody's Rating Condition) used to determine which matrix case is applicable for purposes of determining compliance with the applicable Portfolio Quality Tests:

Asset Quality Matrix means the following matrix (or such other matrix as may be provided by the Collateral Manager with a copy to the Collateral Administrator, subject to receipt of Rating Agency Confirmation from Moody's) used to determine which Matrix Case is applicable for purposes of determining compliance with the Diversity Test, the Weighted Average Rating Test and the Weighted Average Spread Test:

Asset Quality Matrix. The following chart used to determine which of the “row/column combinations” are applicable for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Moody’s Weighted Average Rating Factor Test and the Minimum Weighted Average Spread Test, as set forth in Section 7.18(a): Minimum 3.50% 2522 2678 2815 2917 3005 3.75% 2575 2741 2878 2983 3069 4.00% 2629 2795 2942 3047 3122 4.25% 2688 2854 2995 3098 3161 4.50% 2746 2927 3050 3132 3186 4.75% 2800 2978 3069 3147 3210 5.00% 2859 3005 3083 3166 3235 5.25% 2912 3015 3108 3191 3259 5.50% 2951 3049 3137 3215 3279

Asset Quality Matrix. The chart set forth on Schedule VIII used to determine which of the row/column combinations are applicable for purposes of determining the Maximum ▇▇▇▇▇’▇ Rating Factor Test and the Minimum Weighted Average Spread Test.