Diversity Test means a test that will be satisfied on any date of determination following the Ramp-Up Period if the Diversity Score is greater than or equal to 15.

Diversity Test means a test that will be satisfied, if, as of the Effective Date and any subsequent Measurement Date, the Diversity Score (rounded to the nearest whole number) equals or exceeds the greater of (x) 30 and (y) the Diversity Score corresponding to the Matrix Case. On the Effective Date, the Asset Manager will be required to select the Matrix Case that shall initially apply to the Issuer's portfolio of Underlying Assets. Thereafter, on 10 Business Days' notice to the Trustee (or such shorter time as may be acceptable to the Trustee), the Asset Manager may elect to have a different Matrix Case apply to the Underlying Assets; provided that the Diversity Score must meet or exceed the minimum diversity specified for the Matrix Case to which the Asset Manager desires to change on the date of such notice.

Examples of Diversity Test in a sentence

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, as set forth in Section 7.18(g).
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, as set forth in Section 7.18(g).
The following table used to determine the Matrix Combination for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Moody’s Rating Factor Test and the Minimum Floating Spread Test, as set forth in Section 7.18(g).
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, as set forth in Section 7.18(g).
The following chart used to determine which of the Asset Quality Matrix 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, as set forth in Section 7.18(g).

More Definitions of Diversity Test

Diversity Test means, on any date of determination, a test that is satisfied if the Diversity Score (rounded to the nearest whole number) equals or exceeds the Diversity Score corresponding to the applicable case, as selected by the Portfolio Manager from the Matrix.

Diversity Test means a test that will be satisfied, if, as of any Measurement Date, the Diversity Score (rounded to the nearest whole number) equals or exceeds the "Minimum Diversity" corresponding to the Matrix Case. On the Effective Date, the Collateral Manager will be required to select the Matrix Case that shall initially apply to the Issuer's portfolio of Collateral Obligations. Thereafter, on one Business Day's notice to the Trustee and the Collateral Administrator (or such shorter time as may be acceptable to the Trustee or the Collateral Administrator, as applicable), the Collateral Manager may elect to have a different Matrix Case apply to the Collateral Obligations; provided that the Diversity Score must meet or exceed the "Minimum Diversity" specified for the Matrix Case to which the Collateral Manager desires to change on the date of such notice.

Diversity Test means a test satisfied on any Measurement Date if the Diversity Score on such date equals or exceeds 21.

Diversity Test. A test satisfied on any date of determination on or after the Effective Date if the Diversity Score is equal to or greater than 25 (subject to the table set forth in the definition of Moody’s Weighted Average Rating Test); provided that the Diversity Test will be deemed satisfied if, as of such date of determination, the Diversity Score equals or exceeds the Minimum Diversity Score.

Diversity Test. A test that will be satisfied as of any Measurement Date on which the number of individual, non-Affiliated Obligors related to the pool of Mortgage Assets (excluding any Obligors related to Defaulted Mortgage Assets), as reported by the Collateral Manager to the Note Administrator, is equal to or greater than ten (10).

Diversity Test means a test that is satisfied as of any Measurement Date, if the Diversity Score (rounded to the nearest whole number) equals or exceeds the Diversity Score corresponding to the applicable case, as set forth in the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix. The Asset Manager will select one of the cases from the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix that shall apply to the Issuer's portfolio of Underlying Assets. On ten Business Days' notice to the Trustee (or such shorter time as may be acceptable to the Trustee), the Asset Manager may elect to have a different case apply to the Underlying Assets; provided that the Diversity Score must meet or exceed the minimum diversity specified for the case to which the Asset Manager desires to change on the date of such notice.

Diversity Test means a test that is satisfied on any Measurement Date on or after the Effective Date, if the Diversity Score is equal to or greater than [**].