Minimum Credit Enhancement Test definition
Minimum Credit Enhancement Test. With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.
Minimum Credit Enhancement Test means, with respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage (solely for purposes of such test, rounded to the sixth decimal place) is greater than or equal to 4.500000%.
Minimum Credit Enhancement Test means, with respect to any Premium Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to the percentage set forth in Annex 1.
Examples of Minimum Credit Enhancement Test in a sentence
Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 3.75%.
Additionally, the Notes will receive Stated Principal only upon the satisfaction of the Minimum Credit Enhancement Test, the Cumulative Net Loss Test and the Delinquency Test for the related Payment Date, as described under “— Hypothetical Structure and Calculations with respect to the Reference Tranches — Allocation of Senior Reduction Amount and Subordinate Reduction Amount” below.
More Definitions of Minimum Credit Enhancement Test
Minimum Credit Enhancement Test means, with respect to any Payment Date and Loan Group, a test that will be satisfied if:
Minimum Credit Enhancement Test means with respect to any Distribution Date, a test that will be satisfied if:
Minimum Credit Enhancement Test. With respect to any Payment Date is a test that will be satisfied if the Subordinate Percentage is greater than or equal to 7%. Moody’s: Xxxxx’x Investors Service, Inc. and its successors.
Minimum Credit Enhancement Test means, with respect to any Payment Date and Loan Group is a test that will be satisfied if:
Minimum Credit Enhancement Test means the Group 1 Minimum Credit Enhancement Test or the Group 2 Minimum Enhancement Test, as the context may require.
Minimum Credit Enhancement Test means with respect to any Distribution Date, a test that will be satisfiedif:
Minimum Credit Enhancement Test means, with respect to any Premium Payment Date on and after the Rate Recalculation Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to the percentage set forth in Annex 1.