Maximum Weighted Average Life Test definition

Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to six years.

Examples of Maximum Weighted Average Life Test in a sentence

• The Borrower (and the Collateral Manager on its behalf) shall not consent to any extension or postponement of the maturity date with respect to any Collateral Loan unless, after giving effect to any such extension or postponement, the Maximum Weighted Average Life Test shall be satisfied.

• For so long as any of the Rated Notes are Outstanding: (a) the Minimum Weighted Average Spread Test; (b) the Minimum Weighted Average Fixed Coupon Test; and (c) the Maximum Weighted Average Life Test.

• The Borrower (and the Servicer on its behalf) shall not consent to any extension or postponement of the maturity date with respect to any Collateral Loan without the prior written consent of the Administrative Agent; provided that the prior written consent of the Administrative Agent shall not be required if, after giving effect to such extension or postponement, the Maximum Weighted Average Life Test is satisfied.

More Definitions of Maximum Weighted Average Life Test

Maximum Weighted Average Life Test has the meaning set forth on Schedule F hereto.

Maximum Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations as of such date is less than or equal to the value in the table below corresponding to the immediately preceding Payment Date (or, prior to the first Payment Date following the Closing Date, the Closing Date):

Maximum Weighted Average Life Test. A test that will be satisfied on any Measurement Date if the Weighted Average Life of all Loans included in the Collateral is less than or equal to 5.0 years; provided that following a securitization in which the Administrative Agent is the sole or joint lead bookrunner, the Maximum Weighted Average Life Test will not apply hereunder until the aggregate Adjusted Borrowing Value is greater than $50,000,000.

Maximum Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations as of such date is less than or equal to the value in the table below corresponding to the immediately preceding Payment Date (or, prior to the first Payment Date following the ClosingRefinancing Date, the ClosingRefinancing Date): ClosingRefinancing Date 7.008.00 January 15, 2020 6.56 April 15, 2020 6.31 July 15, 2020 6.06 October 15, 2020 5.81 January 15, 2021 5.56 April 15, 2021 5.31 July 15, 2021 5.06 October 15, 2021 4.81 January 15July 27, 2022 4.567.75 April 15October 27, 2022 4.317.50 July 15, 2022 4.06 October 15, 2022 3.81 January 1527, 2023 3.567.25 April 1527, 2023 3.317.00 July 1527, 2023 3.066.75 October 1527, 2023 2.816.50 January 1527, 2024 2.566.25 April 1527, 2024 2.316.00 July 1527, 2024 2.065.75 October 1527, 2024 1.815.50 January 1527, 2025 1.565.25 April 1527, 2025 1.065.00 July 1527, 2025 0.814.75 October 1527, 2025 0.564.50 January 1527, 2026 0.314.25 April 1527, 2026 0.064.00 July 1527, 2026 0.003.75

Maximum Weighted Average Life Test in Section 1.1 of the Agreement is hereby amended to read as follows:

Maximum Weighted Average Life Test in Section 1.1 of the Credit Agreement is hereby amended by replacing the words “Original Closing Date” with the words “Effective Date” at the end of clause (b) thereof.

Maximum Weighted Average Life Test is a test satisfied on any Measurement Date if the Weighted Average Life of all Collateral Loans as of such date is less than or equal to 6(a) 6.5 years minus (b) the number of years (rounded to the nearest quarter) that have elapsed since June [•], 0000xxx Xxxxxxx Amendment Date.