Effective Date Requirements definition

Effective Date Requirements means each of the Portfolio Profile Tests, the Collateral Quality Tests and the Coverage Tests being satisfied, and the Issuer having purchased or entered into binding commitments to acquire Collateral Debt Obligations the Aggregate Principal Balance of which equals or exceeds the Target Par Amount by such date (provided that, for the purposes of determining the Aggregate Principal Balance as provided above, any repayments or prepayments of any Collateral Debt Obligations subsequent to the date of acquisition thereof shall be disregarded and the Principal Balance of a Collateral Debt Obligation which is a Defaulted Obligation will be the lower of its S&P Collateral Value and its Moody’s Collateral Value).
Effective Date Requirements means, as at the Effective Date and any date thereafter, each of the Percentage Limitations, the Collateral Quality Tests and the Coverage Tests (other than in respect of the Interest Coverage Tests, which are required to be satisfied as at the Determination Date preceding the second Payment Date following the Effective Date) being satisfied on such date, and the Issuer having acquired or having entered into binding commitments to acquire Collateral Debt Obligations the Aggregate Principal Balance of which equals or exceeds the Target Par Amount by such date (provided that, for the purposes of determining the Aggregate Principal Balance as provided above, any repayments or prepayments of any Collateral Debt Obligations subsequent to the Issue Date shall be disregarded and the Principal Balance of a Collateral Debt Obligation which is a Defaulted Obligation will be the lower of its S&P Collateral Value and its Fitch Collateral Value).
Effective Date Requirements means each of the Portfolio Profile Tests, the Collateral Quality Tests and the Coverage Tests being satisfied, and the Issuer having purchased or entered into binding commitments to acquire Collateral Debt Obligations the Aggregate Principal Balance of which equals or exceeds the Target Par Amount by such date (provided that, for the purposes of determining the Aggregate Principal Balance as provided above, any repayments or prepayments of any Collateral Debt Obligations subsequent to the date of acquisition thereof shall be disregarded.

Examples of Effective Date Requirements in a sentence

  • See the definition of Effective Date Requirements in Condition 1 (Definitions).

  • General Eligibility Information 6 Effective Date Requirements 6 When Your Benefits Stop 7 Right to Continuation Coverage under COBRA 8 .

  • During the Ramp-up Period, the Investment Manager, acting on behalf of the Issuer, will use all commercially reasonable efforts to acquire additional Collateral Debt Obligations in order to satisfy the Effective Date Requirements as at the Effective Date.

  • It also provides a laundry, which was mainly for the use of the Marden Close residents, who had insufficient space in their bedsit kitchens.

  • Effective Date Requirements: Reinvestment in CollateralDebt Obligations:Satisfaction by the Portfolio of the Target Par Amount, the Collateral Quality Tests, the Portfolio Profile Tests and the Coverage Tests.


More Definitions of Effective Date Requirements

Effective Date Requirements means each of the Collateral Quality Tests, the Concentration Limitations and the Coverage Tests being satisfied, and the Issuer having purchased or entered into binding commitments to acquire Underlying Assets, the Aggregate Principal Balance of which equals or exceeds the Maximum Investment Amount by such date (provided that, for the purposes of determining the Aggregate Principal Balance as provided above, any repayments, prepayments or sales of any Underlying Assets subsequent to the date of acquisition thereof shall be disregarded);
Effective Date Requirements means, as at the Effective Date, (a) each of the Par Value Tests being satisfied on such date and (b) the Issuer having purchased or entered into binding commitments to purchase Portfolio Assets the Aggregate Principal Balance of which (calculated without regard to prepayments, maturities or redemptions) equals or exceeds the Target Par Amount by such date (provided that, for the purposes of determining the Aggregate Principal Balance as provided above, the Principal Balance of a Portfolio Asset which is a Defaulted Obligation will be the lower of its S&P Collateral Value and its Fitch Collateral Value).
Effective Date Requirements means the independent accountants (as appointed pursuant to the Collateral Administration Agreement) have issued a report confirming (a) each of the Percentage Limitations, the Collateral Quality Tests, the Reinvestment/Deleveraging Ratio Test and the Coverage Tests being satisfied as at the Effective Date and (b) the Issuer having entered into or acquired, or entered into binding commitments to acquire, ABS Obligations the Aggregate Principal Balance of which equals or exceeds the Target Par Amount by such date provided that, for the purposes of determining the Aggregate Principal Balance for the purposes of this sub-paragraph (b), any repayments or prepayments of any ABS Obligations subsequent to the date of entry into or acquisition thereof shall be disregarded and the Principal Balance of an ABS Obligation which is a Defaulted Obligation will be the lower of its S&P Collateral Value and its Fitch Collateral Value.
Effective Date Requirements means each of the Portfolio Profile Tests, the Collateral Quality Tests and the Coverage Tests being satisfied, and the Issuer having purchased or entered into binding commitments to acquire Collateral Debt Obligations the Aggregate Principal Balance of which equals or exceeds the Target Par Amount by such date (provided that, for the purposes of determining the Aggregate Principal Balance as provided above, any repayments or prepayments of any Collateral Debt Obligations subsequent to the date of acquisition thereof shall be disregarded and the Principal Balance of a Collateral Debt Obligation which is a Defaulted Obligation will be the lower of its S&P Collateral Value and its Moody's Collateral Value).
Effective Date Requirements means, as at the Effective Date and any date thereafter:
Effective Date Requirements means each of (i) the Percentage Limitations, the Collateral Quality Tests and the Coverage Tests being satisfied, (ii) the Issuer having purchased or entered into binding commitments to acquire Collateral Debt Obligations the Aggregate Principal Balance of which equals or exceeds the Target Par Amount by such date (provided that, for the purposes of determining the Aggregate Principal Balance as provided above, any repayments or prepayments of any Collateral Debt Obligations subsequent to the date of acquisition thereof and not subsequently reinvested shall be added to the Aggregate Principal Balance of Collateral Debt Obligations); (iii) Rating Agency Confirmation of the Initial Ratings has been requested and(iv) the Portfolio Manager has declared that the Effective Date has occurred.
Effective Date Requirements means each of the Portfolio Profile Tests and the Coverage Tests apart from the Class A Interest Coverage Test being satisfied as at the Effective Date and the aggregate Principal Balance of all Collateral Obligations together with the Balances of all the Principal Accounts equals or exceeds the Target Par Amount by such date.