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.
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Collateral Quality Matrix. The matrix set forth on Annex VI.
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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

Examples of Collateral Quality Matrix in a sentence

  • The applicable "row/column combination" of the Collateral Quality Matrix chosen by the Collateral Manager (or by interpolating between two adjacent rows and/or two adjacent columns, as applicable).

  • The applicable “row/column combination” of the Collateral Quality Matrix chosen by the Collateral Manager (or by interpolating between two adjacent rows and/or two adjacent columns, as applicable).

  • Thereafter, the Collateral Manager may, at its option, select a different row/column combination of the Collateral Quality Matrix to apply, or may 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.

  • A test that will be satisfied as of any Measurement Date if the Diversity Score (rounded to the nearest whole number) equals or exceeds the number set forth in the column entitled "Minimum Diversity Score" in the Collateral Quality Matrix based upon the applicable "row/column combination" then in use (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) then in effect in accordance with the procedures set forth in the definition of "Collateral Quality Matrix".

  • On any Measurement Date, the "Minimum Weighted Average Spread Test Level" that is then in use based upon the applicable "row/column combination" then in use (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) then in effect in accordance with the procedures set forth in the definition of "Collateral Quality Matrix".

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

  • 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.

  • A test satisfied if, as of any Measurement Date on or after the Effective Date, the Diversity Score (rounded to the nearest whole number) equals or exceeds the number set forth in the column entitled “Minimum Diversity Score” in the Collateral Quality Matrix based upon the applicable “row/column combination” chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with this Indenture.

  • Their role, inter-alia, includes: • Crafting of vision and business strategies of the Company.• Clear understanding and accomplishment of Board set goals.• Responsible for overall performance of the Company in terms of revenues & profits and goodwill.• Acts as a link between Board & Management.• Ensure compliance with statutory provisions under multiple regulatory enactments.

  • Notwithstanding the foregoing, the Issuer or Servicer may elect at any time (upon not less than one Business Day's notice to the Trustee and the Collateral Administrator (with a copy to Moody's)), in lieu of selecting a "row/column combination" (but otherwise in compliance with the requirements of this Indenture), to interpolate between two adjacent rows and/or two adjacent columns (as applicable) of the Collateral Quality Matrix on a straight-line basis and round the results to two decimal points.


More Definitions of Collateral Quality Matrix

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
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. 1 < 5 237.50% 250.00% 2 >=5 and <10 211.11% 222.22% 3 >= 10 190.00% 200.00%
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

Related to Collateral Quality Matrix

  • Collateral Quality Test means a test that is satisfied if, as of any date of determination, in the aggregate, the Collateral Loans owned (or in relation to a proposed acquisition of a Collateral Loan, both owned and proposed to be owned) by the Borrower satisfy each of the tests set forth below, calculated in each case in accordance with Section 1.3:

  • 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.

  • S&P CDO Monitor Test A test that will be satisfied on any date of determination (following receipt, at any time on or after the S&P CDO Monitor Election Date, by the Issuer and the Collateral Administrator of the Class Break-even Default Rates for each S&P CDO Monitor input file (in accordance with the definition of “Class Break-even Default Rate”)) if, after giving effect to a proposed sale or purchase of an additional Collateral Obligation, the Class Default Differential of the Highest Ranking Class of the Proposed Portfolio is positive. The S&P CDO Monitor Test will be considered to be improved if the Class Default Differential of the Proposed Portfolio that is not positive is greater than the corresponding Class Default Differential of the Current Portfolio.

  • service delivery and budget implementation plan means a detailed plan approved by the mayor of a municipality in terms of section 53(1) (c) (ii) for implementing the municipality’s delivery of municipal services and its annual budget.

  • 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.

  • Radio frequency identification (RFID means an automatic identification and data capture technology comprising one or more reader/interrogators and one or more radio frequency transponders in which data transfer is achieved by means of suitably modulated inductive or radiating electromagnetic carriers.

  • 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.

  • CREFC® Servicer Watch List/Portfolio Review Guidelines As of each Determination Date a report, including and identifying each Performing Serviced Loan satisfying the “CREFC® Portfolio Review Guidelines” approved from time to time by the CREFC® in the “CREFC® Servicer Watch List” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form (including other portfolio review guidelines) for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 28.00% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • Web Site Accessibility Standards/Specifications means standards contained in Title 1 Texas Administrative Code Chapter 206.

  • 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;

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Water supply system means a water distribution system, piping, connection fittings, valves and appurtenances within a building, structure, or premises. Water supply systems are also referred to commonly as premise plumbing systems.

  • 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 or "plan" means a document containing material for the conservation of soil and water resources of a unit or group of units of land. It may include appropriate maps, an appropriate soil and water plan inventory and management information with needed interpretations, and a record of decisions contributing to conservation treatment. The plan shall contain all major conservation decisions to ensure that the entire unit or units of land will be so treated to achieve the conservation objectives.

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