Excess Weighted Average Floating Spread definition

Excess Weighted Average Floating Spread. A percentage equal as of any date of determination to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the number obtained by dividing the aggregate outstanding principal balance of all Floating Rate Obligations by the aggregate outstanding principal balance of all Fixed Rate Obligations.

Excess Weighted Average Floating Spread means, as of any Measurement Date, a percentage equal to the product obtained by multiplying (a) the greater of zero and the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the number obtained by dividing the aggregate principal balance of all floating rate Portfolio Assets (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Security or Partial Deferrable Security) by the aggregate principal balance of all fixed rate Portfolio Assets (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Security or any Partial Deferrable Security).

Excess Weighted Average Floating Spread means, as of any date, an amount equal to (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread, multiplied by (b) the Aggregate Principal Balance of all Floating Rate Loans divided by the Aggregate Principal Balance of all Fixed Rate Loans.

Examples of Excess Weighted Average Floating Spread in a sentence

• Excess Weighted Average Floating Spread: As of any Measurement Date, a percentage equal to the number obtained by multiplying (i) the excess, if any, of the Weighted Average Floating Spread (without regard to the Excess Weighted Average Coupon (if any)) over the Minimum Floating Spread by (ii) the number obtained by dividing the Aggregate Principal Balance of all Floating Rate Obligations by the Aggregate Principal Balance of all Fixed Rate Obligations, in each case, excluding any Defaulted Obligations.

• The "Minimum Weighted Average Coupon Test" will be satisfied on any date of determination if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon.

• The “Minimum Weighted Average Coupon Test” will be satisfied on any Measurement Date if either (1) the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon or (2) the Aggregate Principal Balance of Fixed Rate Obligations is zero.

• Excess Weighted Average Floating Spread: As of any Measurement Date, a percentage equal to the number obtained by multiplying (i) the excess, if any, of the Weighted Average Floating Spread (without regard to the Excess Weighted Average Coupon (if any)) over the Minimum FloatingSpread by (ii) the number obtained by dividing the Aggregate Principal Balance of all Floating Rate Obligations by the Aggregate Principal Balance of all Fixed Rate Obligations, in each case, excluding any Defaulted Obligations.

• Minimum Weighted Average Coupon Test: The test that is satisfied on any Measurement Date if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon.

More Definitions of Excess Weighted Average Floating Spread

Excess Weighted Average Floating Spread. As of any Measurement Date, an amount equal to the product obtained by multiplying (a) the greater of zero and the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the number obtained by dividing the Aggregate Principal Balance of all floating rate Collateral Obligations (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Obligation) by the Aggregate Principal Balance of all fixed rate Collateral Obligations (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Obligation).

Excess Weighted Average Floating Spread means a percentage equal as of any date of determination to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the number obtained by dividing the aggregate principal balance of all Floating Rate Obligations by the aggregate principal balance of all Fixed Rate Obligations. Minimum Weighted Average Coupon Test. The "Minimum Weighted Average Coupon Test" will be satisfied on any date of determination if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon.The "Minimum Weighted Average Coupon" means (i) if any of the Collateral Obligations are Fixed Rate Obligations, 7% and (ii) otherwise, 0%.The "Weighted Average Coupon" as of any Measurement Date, is the number obtained by dividing:

Excess Weighted Average Floating Spread means, as of any Measurement Date, means, as of any Measurement Date, an amount equal to the product obtained by multiplying (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the principal balance of all floating rate Collateral Obligations (excluding any Deferring Security or Partial Deferrable Security to the extent of any non-cash interest). Minimum Floating Spread Test. This test will be satisfied on any date of determination if the Weighted Average Floating Spread equals or exceeds the Minimum Floating Spread.

Excess Weighted Average Floating Spread means a percentage equal as of any date of determination to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the number obtained by dividing the aggregate principal balance of all Floating Rate Obligations by the aggregate principal balance of all Fixed Rate Obligations (with respect to any Deferrable Security, including for this purpose any capitalized interest with respect to which current cash interest is being paid but excluding any portion of the principal balance or capitalized interest with respect to which current cash interest is not being paid). The “Minimum Weighted Average Coupon Test” will be satisfied on any date of determination if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon. The “Weighted Average Coupon” as of any Measurement Date, is the number obtained by dividing:

Excess Weighted Average Floating Spread means a percentage equal as of any date of determination to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the number obtained, including for this purpose any capitalized interest, by dividing the aggregate principal balance of all Floating Rate Obligations by the aggregate principal balance of all Fixed Rate Obligations.

Excess Weighted Average Floating Spread. As of any date of determination, a percentage equal to the product obtained by multiplying (a) the greater of zero and the excess, if any, of the Weighted Average Floating Spread over the Minimum Fitch Floating Spread by (b) the number obtained by dividing (i) the Aggregate Principal Balance of all floating rate Collateral Obligations (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Security) by (ii) the Aggregate Principal Balance of all fixed rate Collateral Obligations (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Security).

Excess Weighted Average Floating Spread means a percentage equal as of any date of determination to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the number obtained by dividing the aggregate principal balance (including for this purpose any capitalized interest) of all Floating Rate Obligations by the aggregate principal balance (including for this purpose any capitalized interest) of all Fixed Rate Obligations (excluding any Deferrable Security and any Partial Deferrable Security to the extent of any non-cash interest).