Collateral Quality Matrix definition

Collateral Quality Matrix means the Collateral Quality Matrix set forth on Schedule F. 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 effect 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.
Sample 1Sample 2
Collateral Quality Matrix. The matrix set forth on Annex VI.
Sample 1Sample 2
Collateral Quality Matrix. The Collateral Quality Matrix set forth on Schedule III hereto. On or prior to the Closing Date, the Borrower (or the Collateral Manager on the Borrower’s behalf) must specify to the Administrative Agent (with a copy to the Collateral Custodian, the Collateral Administrator, each Rating Agency and the Lenders) the Grid Number to be in effect for purposes of calculations relating to the Collateral Quality Test. Thereafter, upon not less than two Business Days’ notice to the Administrative Agent (with a copy to the Collateral Custodian, the Collateral Administrator, the Rating Agency and the Lenders), the Borrower (or the Collateral Manager on the Borrower’s behalf) may specify a different Grid Number to be in effect for purposes of calculations relating to the Collateral Quality Matrix; provided that, after giving effect to such change, (a) the General Advance Rate Test will be satisfied (or, if the General Advance Rate Test was not satisfied immediately prior to giving effect to such change, the degree of compliance with the General Advance Rate Test will be maintained or improved immediately after giving effect to such change) and (b)(i) each component of the Collateral Quality Test will be satisfied or (ii) if each component of the Collateral Quality Test was not satisfied for the Grid Number applicable immediately prior to such change and would not be satisfied by changing to any other Grid Number (or determined by interpolating on a linear basis), the Grid Number selected by the Collateral Manager will be a Grid Number under which the extent of compliance with each component of the Collateral Quality Test is maintained or improved relative to the extent of compliance with applicable components of the Collateral Quality Test under the applicable Grid Number in use immediately prior to giving effect to such change. Notwithstanding the foregoing, Grid Number 1 shall only be eligible for use (i) during the first six months following the Closing Date and (ii) during the first three months following each Reset Date.
Sample 1

Examples of Collateral Quality Matrix in a sentence

  • At any time, the “Applicable Overcollateralization Ratio” specified in the Collateral Quality Matrix for the then applicable Grid Column.

  • At any time, the applicable column labeled (1), (2) or (3) contained in the Collateral Quality Matrix (with the column labeled (1) being the “lowest” Grid Column and the column labeled (3) being the “highest” Grid Column), determined in accordance with Section 7.22.

  • 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 WXXX 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 WXXX Test.


More Definitions of Collateral Quality Matrix

Collateral Quality Matrix means, for any date of determination, the row/column combination of the table set forth below in this definition that has been selected by the Collateral Manager (in accordance with the procedures described in the next two sentences) for use in determining the scores that are required to satisfy the Diversity Test, the Minimum Weighted Average Spread Test and the Moody's Weighted Average Rating Factor Test. The Collateral Manager may elect from time to time, subject to the terms hereof, to apply a different row/column combination of the table set forth below in the definition. In determining whether the criteria set forth in the Collateral Quality Matrix are satisfied, the Collateral Manager may interpolate linearly between any two adjacent rows and/or two adjacent columns, as applicable.
Sample 1
Collateral Quality Matrix. The chart set forth in Annex F used to determine which values are applicable for purposes of determining compliance with the Weighted Average Spread Test, the Diversity Score Test and the WXXX Test, as set forth in Section 6.12.
Sample 1
Collateral Quality Matrix means the Collateral Quality Matrix set forth on Schedule D. As of the Closing Date, Grid Number 7 shall be in effect for purposes of calculations relating to the Collateral Quality Tests. Thereafter, upon not less than one Business Day's notice to the Agents (with a copy to each Rating Agency then rating any Class of Loans and the Lenders), the Borrower may specify a different Grid Number to be in effect for purposes of calculations relating to the Collateral Quality Matrix; provided that, after giving effect to such change, each of the Collateral Quality Tests will be satisfied; provided further that the Borrower will be limited in specifying a different Grid Number to 3 times in any fiscal quarter.
Sample 1
Collateral Quality Matrix means the Collateral Quality Matrix set forth on Schedule E. On or prior to the Closing Date, the Collateral Manager shall specify to the Agents (with a copy to the Senior Lenders) the Applicable Row Level to be in effect initially. Thereafter, upon not less than 2 Business Days’ prior written notice to the Agents (with a copy to the Senior 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 E and the Collateral Manager confirms, on a pro forma basis, that (i) the Concentration Limitations would be maintained or improved after giving effect to such proposed Applicable Row Level, (ii) each of the Collateral Quality Tests would be satisfied after giving effect to such proposed Applicable Row Level; (iii) the Coverage Tests would be satisfied after giving effect to such proposed Applicable Row Level; (iv) the Portfolio Advance Rate is less than or equal to the Maximum Advance Rate after giving effect to such proposed Applicable Row Level; and (v) no Commitment Shortfall would occur as a result of giving effect to such proposed Applicable Row Level.
Sample 1
Collateral Quality Matrix means the table set forth below. 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 effect initially. Thereafter, upon not less than ten 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 below for the proposed Applicable Row Level. Applicable Row Level Minimum Diversity Score Test Level Row OC Level Row Equity Distribution OC Level 1 < 5 237.50% 250.00% 2 >=5 and <10 211.11% 222.22% 3 >= 10 190.00% 200.00%
Sample 1

Related to Collateral Quality Matrix

  • Collateral Quality Test A test satisfied as of the Effective Date and any other date thereafter on which such test is required to be determined hereunder if, in the aggregate, the Collateral Obligations owned (or in relation to a proposed purchase of a Collateral Obligation, both owned and proposed to be owned) by the Issuer satisfy each of the tests set forth below (or, after the Effective Date, if any such test is not satisfied at the time of reinvestment, the level of compliance with such test is maintained or improved as described in the Investment Criteria):

  • Collateral Quality Tests means the Collateral Quality Tests set out in the Investment Management Agreement being each of the following:

  • General air quality operating permit or "general permit" means an air quality operating permit that meets the requirements of ARM 17.8.1222, covers multiple sources in a source category, and is issued in lieu of individual permits being issued to each source.

  • service delivery and budget implementation plan means a detailed plan approved by the executive mayor of a municipality in terms of section 53(l)(c)(ii) of the MFMA for implementing the municipality's delivery of municipal services and its annual budget, and which must indicate

  • Ambient air quality standard means an established concentration, exposure time, and frequency of occurrence of air contaminant(s) in the ambient air which shall not be exceeded.

  • Categorical pretreatment standard or "categorical standard" means any regulation containing pollutant discharge limits promulgated by the environmental protection agency in accordance with sections 307(b) and (c) of the Act (33 U.S.C. section 1317) that apply to a specific category of users and that appear in 40 CFR chapter I, subchapter N, parts 405 through 471.

  • Baseline concentration means that ambient concentration level that exists in the baseline area at the time of the applicable minor source baseline date. A baseline concentration is deter- mined for each pollutant for which a minor source baseline date is estab- lished and shall include:

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • frequency ride through as used herein shall mean the ability of a Small Generating Facility to stay connected to and synchronized with the system or equipment of the Transmission Owner and any Affected Systems during system disturbances within a range of under-frequency and over- frequency conditions, in accordance with Good Utility Practice and consistent with any standards and guidelines that are applied to other generating facilities in the Balancing Authority Area on a comparable basis. The term “voltage ride through” as used herein shall mean the ability of a Small Generating Facility to stay connected to and synchronized with the system or equipment of the Transmission Owner and any Affected Systems during system disturbances within a range of under-voltage and over-voltage conditions, in accordance with Good Utility Practice and consistent with any standards and guidelines that are applied to other generating facilities in the Balancing Authority Area on a comparable basis.

  • Underground source of drinking water means an aquifer or its portion:

  • PJM Region Reliability Requirement means, for purposes of the Base Residual Auction, the Forecast Pool Requirement multiplied by the Preliminary PJM Region Peak Load Forecast, less the sum of all Preliminary Unforced Capacity Obligations of FRR Entities in the PJM Region; and, for purposes of the Incremental Auctions, the Forecast Pool Requirement multiplied by the updated PJM Region Peak Load Forecast, less the sum of all updated Unforced Capacity Obligations of FRR Entities in the PJM Region.

  • High Quality Waters means all state waters, except:

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • Emission Control Strategy means any device, system, or strategy employed with a diesel-fueled CI engine that is intended to reduce emissions. Examples of emission control strategies include, but are not limited to, particulate filters, diesel oxidation catalysts, selective catalytic reduction systems, alternative fuels, fuel additives used in combination with particulate filters, alternative diesel fuels, and combinations of the above.

  • Pollution control project means any activity or project at an existing electric utility steam generating unit for purposes of reducing emissions from such unit. Such activities or projects are limited to:

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • SWS wage assessment agreement means the document in the form required by the Department of Education, Employment and Workplace Relations that records the employee’s productive capacity and agreed wage rate

  • Applicable water quality standards means all water quality standards to which a discharge is subject under the federal Clean Water Act and which has been (a) approved or permitted to remain in effect by the Administrator following submission to the Administrator pursuant to Section 303(a) of the Act, or (b) promulgated by the Director pursuant to Section 303(b) or 303(c) of the Act, and standards promulgated under (APCEC) Regulation No. 2, as amended.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Water control structure means a structure within, or adjacent to, a water, which intentionally or coincidentally alters the hydraulic capacity, the flood elevation resulting from the two-, 10-, or 100-year storm, flood hazard area limit, and/or floodway limit of the water. Examples of a water control structure may include a bridge, culvert, dam, embankment, ford (if above grade), retaining wall, and weir.

  • Erosion and sediment control plan means a comprehensive plan developed to address pollution caused by erosion and sedimentation of soil particles or rock fragments during construction.

  • Progress Assessment Report (PAR means the monthly compliance report to Owner verifying compliance with the HUB subcontracting plan (HSP).

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Disaster recovery project means a project located on property