Minimum Weighted Average Coupon Test definition

Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

Minimum Weighted Average Coupon Test means a test that will be satisfied on any date of determination if the Weighted Average Coupon of all Loan Assets included in the Collateral Portfolio is equal to or greater than the Minimum Weighted Average Coupon.

Minimum Weighted Average Coupon Test. The test that will be applicable at any time on or after the S&P CDO Monitor Election Date and will be satisfied on any date of determination if the Weighted Average Coupon equals or exceeds 7.00%.

Examples of Minimum Weighted Average Coupon Test in a sentence

• For purposes of the Minimum Floating Spread Test and the Minimum Weighted Average Coupon Test, the per annum fixed rate or floating rate, as applicable, of a Partial PIK Obligation will be deemed to equal the rate at which interest was required to be paid in cash on the most recently scheduled payment date on the outstanding balance of such security.

• For purposes of calculating the Minimum Floating Spread Test and the Minimum Weighted Average Coupon Test, the proviso in this definition shall be disregarded..

• Each of the Diversity Test, the Weighted Average Rating Factor Test, the Minimum Weighted Average Spread Test, the Minimum Weighted Average Coupon Test, the S&P CDO Monitor Test, the Weighted Average S&P Recovery Rate Test and the Weighted Average Life Test.

• Each of the Diversity Test, the Weighted Average Rating Factor Test, the Minimum Weighted Average Spread Test, the Minimum Weighted Average Coupon Test, the Weighted Average Maturity Test and the Moody’s Weighted Average Recovery Rate Test and the Weighted Average Maturity Test.

• For purposes of the Minimum Floating Spread Test and the Minimum Weighted Average Coupon Test, the per annum fixed rate or floating rate, as applicable, of a Partial PIK Security will be deemed to equal the rate at which interest was required to be paid incash on the most recently scheduled payment date on the outstanding balance of such securityobligation.

More Definitions of Minimum Weighted Average Coupon Test

Minimum Weighted Average Coupon Test means a test that will be satisfied on any date of determination if the Weighted Average Coupon of all Eligible Collateral Obligations that are Fixed Rate Collateral Obligations included in the Collateral on such day is equal to or greater than 7.0%.

Minimum Weighted Average Coupon Test. 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.

Minimum Weighted Average Coupon Test. The test that will be satisfied on any date of determination as of which the Collateral Obligations include any Fixed Rate Obligations if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon.

Minimum Weighted Average Coupon Test has the meaning set forth on Schedule F hereto.

Minimum Weighted Average Coupon Test means a test that will be satisfied on any date of determination if the Weighted Average Coupon equals or exceeds 8.0%.

Minimum Weighted Average Coupon Test. The test that will be satisfied on any date of determination if the Weighted Average Coupon equals or exceeds 6.50%.

Minimum Weighted Average Coupon Test. A test that will be satisfied on any Measurement Date if the Weighted Average Coupon for the Collateral Interests is greater than or equal to 6.00%.