Weighted Average Coupon Test definition

Weighted Average Coupon Test means a test that is satisfied at any such time if the Weighted Average Coupon as calculated on the date of determination is greater than or equal to 8.5%.

Weighted Average Coupon Test means a test that will be satisfied as of any Measurement Date after the Effective Date if (a) the Aggregate Principal Balance of Fixed Rate Underlying Assets is zero or (b) the Weighted Average Coupon is equal to or greater than 7.50%.

Weighted Average Coupon Test means a test that will be satisfied on the Ramp-Up Completion Date if the Weighted Average Coupon with respect to CMBS and Senior Notes is equal to or greater than 5.30% on such date.

Examples of 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.

• Weighted Average Coupon Test The "Weighted Average Coupon Test" will be satisfied as of any Measurement Date on or after the Ramp-Up Completion Date, if the Weighted Average Coupon as of such Measurement Date equals or exceeds the Minimum Weighted Average Coupon.

• The Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test, the Weighted Average S&P Recovery Rate Test, the Weighted Average Spread Test, the Weighted Average Life Test, the Weighted Average Coupon Test and the Standard & Poor’s CDO Monitor Test.

More Definitions of Weighted Average Coupon Test

Weighted Average Coupon Test. A test that will be satisfied as of any Measurement Date if the Weighted Average Coupon of the Fixed Rate Underlying Assets is equal to or greater than 7.50%.

Weighted Average Coupon Test. A test that will be satisfied as of any Measurement Date if the Weighted Average Coupon of the Fixed Rate Obligations is equal to or greater than 6.00%. "Weighted Average Floating Spread": As of any Measurement Date, the number obtained by dividing: (a) the amount equal to (A) the Aggregate Funded Spread plus (B) the Aggregate Unfunded Spread; by

Weighted Average Coupon Test. A test with respect to the Collateral Debt Obligations that is satisfied if, as of any date of determination, the Weighted Average Coupon as of such date of determination equals or exceeds the Minimum Weighted Average Coupon for such date of determination.

Weighted Average Coupon Test. Weighted Average Spread" and "Weighted Average Spread Test" with the following:

Weighted Average Coupon Test means a test that is satisfied on any Measurement Date if the Weighted Average Coupon as of such Measurement Date is equal to or greater than (i) [**] on the Closing Date and thereafter to and including the 40th day after the Closing Date; (ii) [**] thereafter to and including the 80th day after the Closing Date; and (iii) [**] on any Measurement Date thereafter. [**] CONFIDENTIAL TREATMENT REQUESTED

Weighted Average Coupon Test means a test that is satisfied on any Measurement Date on and after the Effective Date if the Weighted Average Coupon as of such Measurement Date is equal to or greater than [**].

Weighted Average Coupon Test means a test that is satisfied on any Measurement Date on or after the Ramp-Up Completion Date if (x) on the Ramp-Up Completion Date, the Weighted Average Coupon as of the Ramp-Up Completion Date is equal to or greater than 5.85% and (y) on any Measurement Date after the Ramp-Up Completion Date, the Weighted Average Coupon as of such Measurement Date is equal to or greater than 5.25%.