Minimum Weighted Average Spread Test definition

Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Floating Spread equals or exceeds 4.5%.

Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

Examples of Minimum Weighted Average Spread Test 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.

• 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.

• 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: ........................

• For so long as any of the Rated Notes are rated by S&P and are Outstanding, (as of the Effective Date and until the expiry of the Reinvestment Period only) the S&P CDO Monitor Test; and 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.

More Definitions of Minimum Weighted Average Spread Test

Minimum Weighted Average Spread Test means a test that will be satisfied on any Measurement Date if the Weighted Average Spread equals or exceeds the S&P Minimum Floating Spread.

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

Minimum Weighted Average Spread Test means a test that will be satisfied, on any date of determination, if the Weighted Average Floating Spread of all Eligible Contracts that bear interest at a spread over the Prime Rate included in the Contracts on such day is equal to or greater than 2.50%.

Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread equals or exceeds 3.00%.

Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread equals or exceeds the Row Spread Level and in no event less than 4.50%.

Minimum Weighted Average Spread Test. A test satisfied on any date of determination if the Weighted Average Spread equals or exceeds the Minimum Weighted Average Spread Test Level.

Minimum Weighted Average Spread Test means a test that will be satisfied on any Measurement Date on or after the Effective Date if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 4.5%.