Floor Credit Enhancement Composition Tests definition

Floor Credit Enhancement Composition Tests means, for any Payment Date and the pool of Receivables (excluding any Temporarily Excluded Receivables) held by the Issuer as of such date, each of the following tests calculated as of the end of the month preceding the month in which such date occurs:
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Examples of Floor Credit Enhancement Composition Tests in a sentence

  • For any date of determination during the revolving period, other than the closing date, on which the pool of receivables meets all of the Floor Credit Enhancement Composition Tests described below, the “overcollateralization target amount” will be equal to the greater of (x) the excess of (a)(i) the aggregate note balance, divided by (ii) 1 minus 0.0850, over (b) the aggregate note balance, and (y) 1.00% of the adjusted pool balance as of the closing date.

  • The table below sets forth the statistics relevant to the determination of the Floor Credit Enhancement Composition Tests and the Pool Composition Tests for the statistical pool, calculated as of the statistical cutoff date.

  • However, if on any date of determination during the revolving period, other than the closing date, the pool ofreceivables does not meet all of the Floor Credit Enhancement Composition Tests described below, the overcollateralization target amount will be equal to the greater of (x) the excess of (a)(i) the aggregate note balance, divided by (ii) 1 minus 0.1100, over (b) the aggregate note balance, and (y) 1.00% of the adjusted pool balance as of the closing date.

Related to Floor Credit Enhancement Composition Tests

  • Credit Enhancement means, with respect to this Confirmation or any other Relevant Agreement, any credit enhancement or other credit support arrangement in support of the obligations of Dealer or Counterparty hereunder or thereunder or with respect hereto or thereto, including any guarantee or collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin or any similar arrangement.

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

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • 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:

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Issuer, any of its Restricted Subsidiaries or any Securitization Entity for the purpose of providing credit support (that is reasonably customary as determined by Issuer’s senior management) with respect to any Permitted Funding Indebtedness or Permitted Securitization Indebtedness.

  • Credit Enhancements means surety bonds, insurance policies, letters of credit, guarantees and other

  • CREFC® Special Servicer Property File The data file in the “CREFC® Special Servicer Property File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • 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.

  • 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.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • CMSA Servicer Watch List means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Servicer Watch List" available as of the Closing Date on the CMSA Website, or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Derivative Provider Trigger Event means (i) an Event of Default with respect to which Party A is a Defaulting Party, (ii) a Termination Event with respect to which Party A is the sole Affected Party or (iii) an Additional Termination Event with respect to which Party A is the sole Affected Party.

  • Enhancement Provider means, with respect to any Series, the Person, if any, designated as such in the related Supplement.

  • Delinquency Test means, for any Payment Date, a test that will be satisfied if

  • Enhancement Agreement means any agreement, instrument or document governing the terms of any Series Enhancement or pursuant to which any Series Enhancement is issued or outstanding.

  • CREFC® Special Servicer Loan File format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Original component manufacturer means an organization that designs and/or engineers a part and is entitled to any intellectual property rights to that part.

  • Sevicer Loan Prod Code Rem Occp Code: Appr Value: Note Date: Debt Ratio: City: Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Lien Pos: 9150477 180 14 $181,200.00 $45,300.00 677 0391747771 3 178 1 $226,500.00 6/25/2004 40 Mesa AZ 85203 01 9.250 100 $00,000.00 0/00/2019 2 9163479 300 14 $71,920.00 $17,980.00 730 0391745858 2 298 1 $89,900.00 6/25/2004 45 Freeport IL 61032 01 7.130 100 $00,000.00 0/00/2029 2 9143211 180 14 $109,200.00 $27,300.00 668 0391748670 3 178 1 $136,500.00 6/25/2004 44 Fort Myers FL 33912 01 9.000 100 $26,094.24 6/25/2019 2 9158205 180 14 $170,400.00 $31,950.00 667 0391747847 1 178 1 $213,000.00 6/25/2004 33 Chicago IL 60655 01 8.500 95 $00,000.00 0/00/2019 2 9163163 180 09 $264,000.00 $25,000.00 730 0391743796 3 178 1 $330,000.00 6/25/2004 42 Westminster CO 80030 01 6.250 88 $00,000.00 0/00/2019 2 9148857 180 RFC01 $404,000.00 $50,500.00 $373.54 768 0391738564 1 178 1 $505,000.00 6/25/2004 35 MILLINGTON NJ 07946 01 6.630 90 $00,000.00 0/00/2019 2 9131125 300 04 $74,800.00 $41,200.00 780 0391748167 2 298 1 $116,000.00 6/25/2004 30 Hialeah FL 33016 02 7.250 100 $00,000.00 0/00/2029 2 9158461 180 14 $116,000.00 $21,750.00 $160.88 653 0391744992 3 178 1 $145,000.00 6/25/2004 44 WASECA MN 56093 02 8.750 95 $00,000.00 0/00/2019 2 9131401 180 14 $110,800.00 $20,775.00 769 0391748332 3 178 1 $138,500.00 6/25/2004 50 Prescott Valley AZ 86314 01 7.250 95 $00,000.00 0/00/2019 2 9143209 180 09 $314,200.00 $78,550.00 785 0391748464 3 178 1 $392,800.00 6/25/2004 41 Athens GA 30606 01 7.250 100 $00,000.00 0/00/2019 2 9174577 180 14 $324,000.00 $20,000.00 647 0391752326 3 178 1 $405,000.00 6/25/2004 46 Antioch CA 94531 01 8.500 85 $00,000.00 0/00/2019 2 9131423 180 09 $168,000.00 $31,500.00 703 0391746765 3 178 1 $210,000.00 6/25/2004 49 Stockbridge GA 30281 01 7.500 95 $00,000.00 0/00/2019 2 9143069 180 09 $180,000.00 $22,500.00 714 0391750056 3 178 3 $225,000.00 6/25/2004 40 Lawrenceville GA 30043 01 7.000 90 $00,000.00 0/00/2019 2 9131643 180 04 $91,900.00 $11,450.00 761 0391746963 3 178 1 $114,900.00 6/25/2004 25 Atlanta GA 30341 01 6.250 90 $00,000.00 0/00/2019 2 9131447 180 14 $167,350.00 $41,800.00 675 0391749942 3 178 1 $209,209.00 6/25/2004 43 Gainesville GA 30506 01 9.000 100 $00,000.00 0/00/2019 2 9143207 180 09 $112,000.00 $28,000.00 718 0391748415 3 178 1 $140,000.00 6/25/2004 41 Loganville GA 30052 01 8.000 100 $00,000.00 0/00/2019 2 9131453 180 09 $388,000.00 $48,500.00 776 0391748589 3 178 1 $485,000.00 6/25/2004 45 Tampa FL 33626 01 6.750 90 $00,000.00 0/00/2019 2 9131459 180 14 $228,000.00 $57,000.00 754 0391746849 3 178 1 $285,000.00 6/25/2004 39 Miami Shores FL 33150 01 7.250 100 $00,000.00 0/00/2019 2 9175207 180 14 $169,000.00 $30,000.00 649 0391751120 3 178 1 $300,000.00 6/25/2004 37 Phoenix AZ 85007 02 5.750 67 $00,000.00 0/00/2019 2 9194301 180 14 $93,300.00 $23,350.00 678 0391751609 3 178 1 $122,300.00 6/25/2004 40 Hampton GA 30228 01 9.000 96 $00,000.00 0/00/2019 2 9175671 180 09 $117,870.00 $19,880.00 644 0391750577 3 178 1 $145,000.00 6/25/2004 34 Indianapolis IN 46250 02 8.500 95 $00,000.00 0/00/2019 2 Page 165 of 331