Minimum Diversity Test definition

Minimum Diversity Test means a test that will be satisfied on any date of determination if the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to or greater than 10.

Minimum Diversity Test means a test that will be satisfied on any date of determination if (i) the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to or greater than 10, (ii) the Collateral contains Eligible Collateral Obligations from at least twenty different Obligors and (iii) from and after August 2, 2014, the Principal Balances of all Collateral Obligations that are obligations of any single Obligor are less than 5% of the sum of the Principal Balances for all Eligible Collateral Obligations.

Minimum Diversity Test means a test that will be satisfied on any date of determination if the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to or greater than (x) during the period starting on the Effective Date and ending one-hundred twenty (120) days after the Effective Date, 0, (y) during the period starting (i) one-hundred twenty (120) days after the Effective Date and ending on the six-month anniversary of the Effective Date or during any Conditional Ramp-Up Period or (ii) on the date of a Securitization for which an Affiliate of DBNY acts as an underwriter or placement agent and ending on the six-month anniversary of such Securitization, 6 and (z) otherwise, 10.

Examples of Minimum Diversity Test in a sentence

• See "The Portfolio – Portfolio Profile Tests and Collateral Quality Tests – Moody's Minimum Diversity Test".

• For reinvestment after the end of the Reinvestment Period, the Coverage Tests and the Collateral Quality Tests (except the CDO Monitor Test and the Moody's Minimum Diversity Test) must be satisfied (both immediately before and immediately after such reinvestment).

• The description of “Moody’s Test Matrix” is deleted and replaced with the following:Subject to the provisions provided below, the Collateral Manager will have the option to elect which of the cases set forth in the matrix set out below (the “Moody’s Test Matrix”) shall be applicable for purposes of the Moody’s Maximum Weighted Average Rating Factor Test, the Moody’s Minimum Diversity Test and the Minimum Weighted Average Spread Test.

• Collateral Quality Tests The Collateral Quality Tests will comprise the following: • CDO Monitor Test (as of the Effective Date until the end of the Reinvestment Period only) • S&P Minimum Weighted Average Recovery Rate Test • Moody' s Minimum Diversity Test • Moody's Maximum Weighted Average Rating Factor Test • Moody's Minimum Weighted Average Recovery Rate Test • Minimum Weighted Average Spread Test • Weighted Average Life Test.

More Definitions of Minimum Diversity Test

Minimum Diversity Test means a test that will be satisfied on any date of determination if the Diversity Score is equal to or greater than (i) following the Closing Date and prior to the date that is four (4) months after the Closing Date, 0, (ii) following the date that is four (4) months after the Closing Date and prior to the end of the Ramp Period, 6 and (iii) thereafter, 12.

Minimum Diversity Test means a test that will be satisfied as of any Measurement Date if the Diversity Score (rounded to the nearest whole number) equals or exceeds the number set forth in the column entitled "Minimum Diversity Score" 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".

Minimum Diversity Test means a test that will be satisfied on any date of determination if the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to or greater than (a) during the Ramp-up Period, 10 and (b) thereafter, 15.

Minimum Diversity Test means a test that is satisfied on any date of determination if the Diversity Score (rounded to the nearest whole number) equals or exceeds the Minimum Diversity Score.

Minimum Diversity Test means a test that will be satisfied on any date of determination if (i) the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to or greater than 10, (ii) the Collateral contains Eligible Collateral Obligations from at least twenty different Obligors and (iii) from and after August 2, 2014, the Principal Balances of all Collateral Obligations that are obligations of any single Obligor are less than 5% of the sum of the Principal Balances for all Eligible Collateral Obligations. Exhibit 10.1

Minimum Diversity Test means a test that will be satisfied on any date of determination if (i) the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to

Minimum Diversity Test has the meaning set forth on Schedule F hereto.