Interest Spread Test means a test that will be satisfied on any date of determination if the Weighted Interest Spread, calculated on a rolling three-month average, exceeds 2.00%.
Interest Spread Test means a test, with respect to any Settlement Period, calculated as of the end of such Settlement Period on the Reporting Date for such Settlement Period, which shall be satisfied if (i) ((A‑B)/C), multiplied by (ii) four, exceeds 4% where: A = the amount of Interest Collections on the Aggregate Outstanding Loan Balance during such Settlement Period and the two preceding Settlement Periods; B = the sum for such Settlement Period and the two preceding Settlement Periods of (i) Carrying Costs, (ii) the Servicing Fee, (iii) the Administrative Agent Fee and (iv) the Bank Fee; and C = the Aggregate Outstanding Loan Balance as of the last day of such Settlement Period; provided, that (x) for the first Settlement Period occurring after the Effective Date, A, B and C above shall be calculated by reference to the calculation for such Settlement Period only and the multiplier in clause (ii) above shall be twelve, and (y) for the second Settlement Period occurring after the Effective Date, A, B and C above shall be calculated by reference to the calculation for the first two Settlement Periods only and the multiplier in clause (ii) above shall be six.
Interest Spread Test means a test as of any date on which Advances are outstanding, with respect to any Collection Period, calculated as of the end of such Collection Period, which shall be satisfied if ((A-B)/C) x 12 exceeds 5% on a rolling three Collection Period basis (provided, that for the first Collection Period occurring after the Closing Date, such test shall be calculated by reference to the calculation for such Collection Period only, and for the second Collection Period occurring after the Closing Date, shall be calculated by reference to the calculation for the first two Collection Periods) where:
More Definitions of Interest Spread Test
Interest Spread Test means a test as of any date on which Advances are outstanding, with respect to any Collection Period, calculated as of the end of such Collection Period on the Determination Date occurring in the second calendar month following the end of such Collection Period, which shall be satisfied if ([A-B]/C) x 12 exceeds 4.0% on a rolling three Collection Period basis (provided, that for the first Collection Period, such test shall be calculated by reference to the calculation for such Collection Period only, and for the second Collection Period, shall be calculated by reference to the calculation for the first two Collection Periods) where: A = the amount of Interest Collections on the Aggregate Outstanding Note Receivable Balance during such Collection Period; B = the sum for such Collection Period of (i) Carrying Costs, (ii) the Servicing Fee, (iii) the Agent’s Fee, (iv) the Collateral Custodian Fee and (v) the Backup Servicer Fee; and
Interest Spread Test means a test as of any date on which Advances are outstanding, with respect to any Collection Period, calculated as of the end of such Collection Period, which shall be satisfied if ((A-B)/C) x 12 exceeds 5% on a rolling three Collection Period basis (provided, that for the first Collection Period occurring after the Closing Date, such test shall be calculated by reference to the calculation for such Collection Period only, and for the second Collection Period occurring after the Closing Date, shall be calculated by reference to the calculation for the first two Collection Periods) where: A = the amount of Interest Proceeds on the Aggregate Collateral Balance during such Collection Period; B = the sum for such Collection Period of (i) all Interest accrued during such Collection Period, (ii) the Collateral Management Fee, (iii) all fees due and owing to the Administrative Agent during such Collection Period, and (iv) all fees due and owing to the Lenders during such Collection Period; and
Interest Spread Test means a test, with respect to any Settlement Period, calculated as of the end of such Settlement Period on the Reporting Date occurring in the calendar month following the end offor such Settlement Period, which shall be satisfied if (i) ((A-B)/C), multiplied by (ii) four, exceeds 4% where: A = the amount of Interest Collections on the Aggregate Outstanding Loan Balance during such Settlement Period and the two preceding Settlement Periods;
Interest Spread Test means a test as of any date on which Advances are outstanding, with respect to any Collection Period, calculated as of the end of such Collection Period on the Determination Date occurring in the second calendar month following the end of such Collection Period, which shall be satisfied if ([A-B]/C) x 12 exceeds 4.0% on a rolling three Collection Period basis (provided, that for the first Collection Period, such test shall be calculated by reference to the calculation for such Collection Period only, and for the second Collection Period, shall be calculated by reference to the calculation for the first two Collection Periods) where: A = the amount of Interest Collections on the Aggregate Outstanding Note Receivable Balance during such Collection Period;
Interest Spread Test means a test, with respect to any Settlement Period, calculated as of the end of such Settlement Period on the Reporting Date occurring in the calendar month following the end of such Settlement Period, which shall be satisfied if ((A-B)/C) exceeds 4% where: A=the amount of Interest Collections on the Aggregate Outstanding Loan Balance during such Settlement Period; B=the sum for such Settlement Period of (i) Carrying Costs, (ii) the Servicing Fee, (iii) the Administrative Agent Fee and (iv) the Bank Fee; and C=the daily average Advances Outstanding during such Settlement Period.
Interest Spread Test means a test, with respect to any Settlement Period, calculated as of the end of such Settlement Period on the Reporting Date for such Settlement Period, which shall be satisfied if (i) ((A-B)/C), multiplied by (ii) four, exceeds 4% where:
Interest Spread Test means a test, with respect to any Settlement Period, calculated as of the end of such Settlement Period on the Reporting Date for such Settlement Period, which shall be satisfied if (i) ((A-B)/C), multiplied by (ii) four, exceeds 4% where: A = the amount of Interest Collections on the Aggregate Outstanding Loan Balance during such Settlement Period and the two preceding Settlement Periods; B = the sum for such Settlement Period and the two preceding Settlement Periods of (i) Carrying Costs, (ii) the Servicing Fee, (iii) the Administrative Agent Fee and (iv) the Bank Fee; and