Minimum Floating Spread means the number set forth in the column entitled "Minimum Weighted Average Spread" in the Asset Quality Matrix based upon the applicable "row/column combination" chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture.The "Minimum Weighted Average Coupon Test" will be satisfied on any Measurement Date if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon.
Minimum Floating Spread. The applicable percentage set forth in the definition of “S&P CDO Monitor” upon the option chosen by the Collateral Manager in accordance with Section 2 of Schedule 4.
Minimum Floating Spread means the number set forth in the column entitled “Minimum Weighted Average Spread” in the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix set forth below based upon the applicable “row/column combination” chosen by the Portfolio Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture, reduced by the Moody’s Weighted Average Recovery Adjustment; provided that the Minimum Floating Spread shall in no event be lower than 1.70%.
Examples of Minimum Floating Spread in a sentence
Subject to the provisions provided below, on or after the Effective Date, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (the “Fitch Test Matrix”) shall be applicable for purposes of the Fitch Maximum Weighted Average Rating Factor Test, the Fitch Minimum Weighted Average Recovery Rate Test and the Minimum Floating Spread Test.
More Definitions of Minimum Floating Spread
Minimum Floating Spread. The number set forth in the column entitled “Minimum Weighted Average Spread” in the Asset Quality Matrix based upon the applicable “row/column combination” chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with Section 7.18(g).
Minimum Floating Spread means the number set forth in the column entitled "Minimum Weighted Average Spread" in the Asset Quality Matrix based upon the applicable "row/column combination" chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture.
Minimum Floating Spread means 4.00%.
Minimum Floating Spread means 1.75%.
Minimum Floating Spread. (a) For purposes of compliance with the Level 1 Portfolio Test, 550 basis points and (b) for purposes of compliance with the Level 2 Portfolio Test, 450 basis points.
Minimum Floating Spread. The number set forth in the column entitled “Minimum Weighted Average Spread” in the Asset Quality Matrix based upon the applicable “row/column combination” chosen by the Collateral Manager with notice to the Trustee and 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), reduced by the Moody’s Weighted Average Recovery Adjustment.
Minimum Floating Spread. The number set forth in the column entitled “Minimum Weighted Average Spread” in the Asset Quality Matrix based upon the applicable “row/column combination” chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with Section 7.18(f), as reduced by the Moody’s Weighted Average Recovery Adjustment; provided that the Minimum Floating Spread may not be reduced below 2.6% as a result of the application of the Moody’s Weighted Average Recovery Adjustment.