Average Debt Rating Test definition
Average Debt Rating Test means, on any date of determination on or after the Ramp-Up End Date, a test that is satisfied if (A) the Average Debt Rating of the Collateral Debt Obligations in the Trust Estate as of such date of determination is equal to or less than the lower of (x) the sum of (i) the applicable Designated Maximum Average Debt Rating (selected by the Collateral Manager as provided below) referenced in the following table (the "Asset Quality Matrix") and for the applicable Designated Minimum Diversity Score and Weighted Average Spread, and (ii) the WARF Recovery Rate Modifier and (iii) the Average Life Adjustment Amount and (y) 3200 or (B) the Moody's Rating Period has ended.
Average Debt Rating Test means , on any date of determination on or after the Ramp-Up End Date, a test that is satisfied if (A) the Average Debt Rating of the Collateral Debt Obligations in the Trust Estate as of such date of determination is equal to or less than the sum of
Average Debt Rating Test means, on any date of determination on or after the
More Definitions of Average Debt Rating Test
Average Debt Rating Test means a test satisfied on any date of determination if the Average Debt Rating of the Collateral Debt Obligations in the Trust Estate as of such date of determination is equal to or less than, 3300."Average Effective Spread" means, as of any date of determination, a fraction (expressed as a percentage and rounded up to the next 0.01%) equal to the amount obtained by (i) multiplying the Principal Balance (excluding the aggregate amount of any Unfunded Commitments and any Defaulted Obligations) of each Purchased Below-Par Collateral Debt Obligation held in the Trust Estate as of such date by the Effective Spread, (ii) summing the resulting amounts, and (iii) dividing such sum by the aggregate Principal Balance of all such Purchased Below-Par Collateral Debt Obligations [3350].
Average Debt Rating Test means a test satisfied on any date of determination if the Average Debt Rating of the Collateral Debt Obligations in the Trust Estate as of such date of determination is equal to or less than [3300].
Average Debt Rating Test. ” means, a test satisfied on any date of determination on or after the Ramp-Up End Date, a test that is satisfied if (A)if the Average Debt Rating of the Collateral Debt Obligations in the Trust Estate as of such date of determination is equal to or less than the sum of (i) the applicable Designated Maximum Average Debt Rating (selected as provided herein) referenced in the following table and for the applicable Designated Minimum Diversity