Maximum Xxxxx’x Rating Factor Test. A test that will be satisfied on any date of determination if the Adjusted Weighted Average Xxxxx’x Rating Factor of the Collateral Obligations is less than or equal to the sum of (i) the number set forth in the Asset Quality Matrix at the intersection of the applicable “row/column combination” chosen by the Collateral Manager (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) as set forth in Section 7.18(g) plus (ii) the Moody’s Weighted Average Recovery Adjustment.
Maximum Xxxxx’x Rating Factor Test. A test that will be satisfied on any date of determination if the Xxxxx’x Adjusted Weighted Average Rating Factor of the Collateral Obligations is less than or equal to the lesser of (i) the sum of (a) the number set forth in the column entitled “Maximum Xxxxx’x Weighted Average Rating Factor” in the Asset Quality Matrix, based upon the applicable “row/column combination” chosen by the Collateral Manager with notice to the Collateral Administrator (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) in accordance with Section 7.17(e), plus (b) the Xxxxx’x Weighted Average Recovery Adjustment and (ii) 3350.
Maximum Xxxxx’x Rating Factor Test. A test that will be satisfied on any date of determination if the Weighted Average Xxxxx’x Rating Factor of the Eligible Loans included in the Collateral that are Broadly Syndicated Loans is less than or equal to 3550.
Examples of Maximum Xxxxx’x Rating Factor Test in a sentence
On or prior to the Effective Date, the Collateral Manager shall elect the “row/column combination” of the Asset Quality Matrix that shall on and after the Effective Date apply to the Collateral Obligations for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Xxxxx’x Rating Factor Test and the Minimum Moody’s Floating Spread Test.
On or prior to the Effective Date, the Collateral Manager shall elect the “row/column combination” of the Asset Quality Matrix that shall on and after the Effective Date apply to the Collateral Obligations for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Xxxxx’x Rating Factor Test and the Minimum Floating Spread Test.
More Definitions of Maximum Xxxxx’x Rating Factor Test
Maximum Xxxxx’x Rating Factor Test. A test that will be satisfied on any date of determination if the Weighted Average Xxxxx’x Rating Factor of the Eligible Loans included in the Collateral (excluding Middle Market Loans) is less than or equal to 3550. in any junior class of membership interests of the Borrower; (ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any class of membership interests of the Borrower now or hereafter outstanding, and (iii) any payment made to redeem, purchase, repurchase or retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire membership interests of the Borrower now or hereafter outstanding.
Maximum Xxxxx’x Rating Factor Test means a test that will be satisfied on any date of determination if (a) the sum of the Outstanding Balances of all Eligible Loan Assets is less than or equal to $50,000,000 or (b) the Weighted Average Xxxxx’x Rating Factor of the Loan Assets is less than or equal to 3400.
Maximum Xxxxx’x Rating Factor Test means a test that will be satisfied on any Measurement Date if the Weighted Average Xxxxx’x Rating Factor of the Collateral Loans is less than or equal to the Row Xxxxx'x Rating Factor.
Maximum Xxxxx’x Rating Factor Test. A test satisfied on any Measurement Date if the Weighted Average Xxxxx’x Rating Factor of the Collateral Obligations is less than or equal to 3,300.
Maximum Xxxxx’x Rating Factor Test. A test that will be satisfied on any date of determination if the Adjusted Weighted Average Xxxxx'x Rating Factor of the Collateral Obligations is less than or equal to the lesser of (x) 3200 and (y) the sum of (i) the number set forth in the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix at the intersection of the applicable "row/column combination" chosen by the Portfolio Manager, with notice to the Designated Successor Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) as set forth in Section 7.18(g) plus (ii) the Moody's Weighted Average Recovery Adjustment; provided that Collateral Obligations that are Defaulted Obligations are excluded from such calculation.
Maximum Xxxxx’x Rating Factor Test. A test that will be satisfied on any date of determination if the Moody's Adjusted Weighted Average Rating Factor of the Collateral Obligations is less than or equal to the lesser of (i) the sum of (a) the number set forth in the column entitled "Maximum Moody's Weighted Average Rating Factor" in the Asset Quality Matrix, based upon the applicable "row/column combination" chosen by the Collateral Manager with notice to the Collateral Administrator (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) in accordance with Section 7.17(e), plus (b) the Moody's Weighted Average Recovery Adjustment and (ii) 3200.
Maximum Xxxxx’x Rating Factor Test. A test that is satisfied as of any date of determination if the Weighted Average Xxxxx’x Rating Factor of the Collateral Obligations is less than or equal to the number set forth in the column titled “Maximum Xxxxx’x Rating Factor Test” in the Collateral Quality Matrix based upon the applicable Grid Number then in effect in accordance with the procedures set forth in the definition of “Collateral Quality Matrix” (or determined by interpolating on a linear basis).