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 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.
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.
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 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 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 Maximum Xxxxx’x Rating Factor Test, the Xxxxx’x Diversity Test, the Xxxxx’x Matrix 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 the Weighted Average Xxxxx’x Rating Factor of the Collateral Loans is less than or equal to 3490.
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 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 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.
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 (x) if the Funding Date has occurred, the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix (Funded) or (y) if the Class E Notes are an Unfunded Class, the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix (Unfunded), in each case, at the intersection of the applicable “row/column combination” chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) as set forth in Section 7.18(h) plus (ii) the Moody’s Weighted Average Recovery Adjustment plus (iii) the Moody’s Weighted Average Liability Spread Adjustment; provided, that the Maximum Xxxxx’x Rating Factor Test will not be satisfied if the Adjusted Weighted Average Xxxxx’x Rating Factor of the Collateral Obligations is greater than 3500. “Measurement Date”: (i) Any day on which a purchase of a Collateral Obligation occurs, (ii) any Determination Date, (iii) the date as of which the information in any Monthly Report is calculated, (iv) with five Business Days’ prior written notice, any Business Day requested by any Rating Agency and (v) the Effective Date; provided, that no Measurement Date will occur prior to the Effective Date. “Memorandum and Articles”: The Issuer’s Memorandum of Association and Articles of Association, as they may be amended, revised or restated from time to time. “Merging Entity”: The meaning specified in Section 7.10. “Minimum Denominations”: U.S.$250,000 and integral multiples of U.S.$1.00 in excess thereof. “Minimum Diversity Score/Maximum Rating/Minimum Spread Matrices”: The Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix (Funded) and the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix (Unfunded), as applicable. “Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix (Funded)”: The following chart used to determine which of the “row/column combinations” are applicable for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Xxxxx’x Rating Factor Test and the Minimum Floating Spread Test, as set forth in Section 7.18(h): Minimum Diversity Score Minimum Weighted Average Spread 40 45 50 55 60 65 70 75 80 85 90 95 100 2.00% 0000 0000 0000 0000 2288 2298 2307 2314 2321 2327 2333 2338 2342 2.10% 2358 2378 2398 2411 2424 2434 2444 2451 2459 000...