Minimum Weighted Average Spread definition

Minimum Weighted Average Spread means the number set forth in the column entitled "Minimum Weighted Average Spread" in the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix based upon the applicable "row/column combination" chosen by the Asset Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with this Indenture; provided that the Minimum Weighted Average Spread shall in no event be lower than 2.00%.

Minimum Weighted Average Spread means 3.00%.

Minimum Weighted Average 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).

Examples of Minimum Weighted Average Spread in a sentence

• If the Issuer receives any interest payments on any Collateral Obligation net of any applicable withholding tax, the Interest Coverage Tests and the Minimum Weighted Average Spread Test will be determined by reference to such net receipts.

• If the Issuer receives any interest payments on any Collateral Debt Obligation net of any applicable withholding tax, the Interest Coverage Tests and the Minimum Weighted Average Spread Test will be determined by reference to such net receipts.

• Any Gross Fixed Rate Excess may be used to help satisfy the Minimum Weighted Average Spread, and any Gross Spread Excess may be used to help satisfy the Minimum Weighted Average Fixed Rate Coupon.

• For so long as any of the Rated Notes are Outstanding:(a) the Minimum Weighted Average Spread Test; and(b) the Weighted Average Life Test.Portfolio Profile Tests: ........................

• If the Issuer receives any interest payments on any Collateral Debt Obligation net of any applicable withholding tax, the Interest Coverage Tests and the Minimum Weighted Average Spread Test and Minimum Weighted Average Fixed Coupon Test will be determined by reference to such net receipts.

More Definitions of Minimum Weighted Average Spread

Minimum Weighted Average Spread means 5.75%.

Minimum Weighted Average Spread means the number set forth in the columnentitled "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 this Indenture.

Minimum Weighted Average Spread. , as of any Measurement Date, means the greater of:

Minimum Weighted Average Spread. As of any date of determination, the Minimum Weighted Average Spread will be determined in accordance with the matrix set forth in the definition of “Moody’s Weighted Average Rating Test”, and will be equal to the Weighted Average Spread in the appropriate row opposite the cell in the matrix where the actual Weighted Average Rating of the Collateral Debt Obligations is set forth below the actual Diversity Score of the Collateral Debt Obligations, in each case as of such date of determination.

Minimum Weighted Average Spread. As of any date of determination, the percentage equivalent of a fraction obtained by (a) multiplying the Outstanding Loan Balance of each Floating Rate Loan in the Loan Pool as of such date that is a Senior Secured Loan by 3%, (b) multiplying the Outstanding Loan Balance of each Floating Rate Loan in the Loan Pool as of such date that is not a Senior Secured Loan by 5%, (c) multiplying the Outstanding Loan Balance of each Fixed Rate Loan by 10%, (d) summing all of the products determined pursuant to clauses (a), (b) and (c) for all Loans in the Loan Pool as of such date and (e) dividing the sum produced in clause (d) by the Aggregate Outstanding Loan Balance as of such date; provided that each of the calculations in clauses (a) through (e) shall exclude any Defaulted Loan that is not paying in full current interest pursuant to the terms of its Underlying Loan Agreement.

Minimum Weighted Average Spread. Rate: 25.0%.”

Minimum Weighted Average Spread. The number set forth in the Asset Quality Matrix at the intersection of the applicable row/column combination chosen by the Servicer (or interpolating between two adjacent rows or columns, as applicable).