Minimum Weighted Average Coupon definition

Minimum Weighted Average Coupon. If any of the Collateral Obligations are Fixed Rate Obligations, 7.00%.
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Minimum Weighted Average Coupon means 7.00%.
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Minimum Weighted Average Coupon means (i) if any of the Collateral Obligations are Fixed Rate Obligations, 7.5% and (ii) otherwise, 0%.
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Examples of Minimum Weighted Average Coupon in a sentence

  • A percentage equal as of any date of determination to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Coupon over the Minimum Weighted Average Coupon by (b) the number obtained, including for this purpose any capitalized interest, by dividing the Aggregate Principal Balance of all Fixed Rate Obligations by the Aggregate Principal Balance of all Floating Rate Obligations.

  • A percentage equal as of any Measurement Date to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Coupon over the Minimum Weighted Average Coupon by (b) the number obtained by dividing the Aggregate Principal Balance of all Fixed Rate Obligations by the Aggregate Principal Balance of all Floating Rate Obligations.

  • A test that is 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.

  • The test that will be satisfied on any date of determination if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon.

  • The test that is satisfied on any date of determination if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon.


More Definitions of Minimum Weighted Average Coupon

Minimum Weighted Average Coupon. (i) If any of the Collateral Obligations are Fixed Rate Obligations, 7.007.0% and (ii) if no Collateral Obligations are Fixed Rate Obligations, 0.000.0%.
Sample 1
Minimum Weighted Average Coupon means 7.50%.
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Minimum Weighted Average Coupon means, if any of the Collateral Obligations are Fixed Rate Obligations, 7.00%. The “Maximum Moody’s Rating Factor Test” will be satisfied on any date of determination if the Adjusted Weighted Average Moody’s 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 Asset Quality Matrix 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) in accordance with the Indenture plus (B) the Moody’s Weighted Average Recovery Adjustment and (ii) 3,900. The “Moody’s Weighted Average Recovery Adjustment” means, as of any date of determination, the greater of (a) zeroand (b) the product of (i)(A) the Weighted Average Moody’s Recovery Rate as of such date of determination multiplied by 100 minus (B) 45.75 and (ii) with respect to the adjustment of the Maximum Moody’s Rating Factor Test, 60; provided, if the Weighted Average Moody’s Recovery Rate for purposes of determining the Moody’s Weighted Average Recovery Adjustment is greater than 60%, then such Weighted Average Moody’s Recovery Rate shall equal 60% unless the Moody’s Rating Condition is satisfied. The “Moody’s Diversity Test” will be satisfied on any date of determination 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 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 “Asset Quality Matrix” means 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 Moody’s Rating Factor Test and the Minimum Floating Spread Test: Minimum WeightedAverage Minimum Diversity ScoreSpread Proposed Portfolio is positive. The S&P CDO Monitor Test will be considered to be improved if each Class Default Differential of the Proposed Portfolio is greater than the corresponding Class Default Differential of the Current Portfolio. The “Minimum Weighted Average Moody’s Recovery Rate Test” will be satisfied on any date of determination if the Weighted Average Moody’s Recovery Rate equals or exceeds 45.75%. The “Minimum Weighted Average S&P Rec...
Sample 1
Minimum Weighted Average Coupon means 5.00%.
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Minimum Weighted Average Coupon means 7.5%.
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Minimum Weighted Average Coupon means (i) if any of the Collateral Obligations are Fixed Rate Obligations, 7.50% and (ii) otherwise, 0%.The "Maximum Moody's Rating Factor Test" will be satisfied on any Measurement Date if the Adjusted Weighted Average Moody's Rating Factor of the Collateral Obligations is less than or equal to the lower of (x) 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 interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture plus (ii) the Moody's Weighted Average Recovery Adjustment and (y) 3600.The "Moody's Weighted Average Recovery Adjustment" means, as of any Measurement Date, the greater of (a) zero and (b) the product of (i)(A) the Weighted Average Moody's Recovery Rate as of such Measurement Date multiplied by 100 minus (B) 43 and (ii) 80; provided that, if the Weighted Average Moody's Recovery Rate is greater than 60%, then such Weighted Average Moody's Recovery Rate shall equal 60% unless the Moody's Rating Condition is satisfied.The "Moody's Diversity Test" will be satisfied on any Measurement Date if the Diversity Score (rounded to the nearest whole number) equals or exceeds thenumber set forth in the column entitled "Minimum Diversity Score" 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 "Asset Quality Matrix" means the following chart used to determine which of the "row/column combinations" (or the linear interpolation between two adjacent rows and/or two adjacent columns) are applicable for purposes of determining compliance with the Moody's Diversity Test, the Maximum Moody's Rating Factor Test and the Minimum Floating Spread Test: The "S&P CDO Monitor Test" will be satisfied on any Measurement Date on or after the Effective Date following receipt by the Issuer and the Collateral Administrator of the S&P CDO Monitor if, after giving effect to the sale of a Collateral Obligation or the purchase of a Collateral Obligation, each Class Default Differential of the Proposed Portfolio is positive. The S&P CDO Monitor Test will be considered to be improved if each Class Default Differential of the Proposed Portfolio is greater than the corresponding Class Default Differential of the Current Portfolio....
Sample 1
Minimum Weighted Average Coupon means 8.5%.
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