Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 years.
Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of the Collateral Obligations as of such date is less than or equal to (a) for purposes of compliance with the Level 1 Portfolio Test 6.0 years and (b) for purposes of compliance with the Level 2 Portfolio Test 6.5 years.
Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of the Collateral Obligations as of such date is less than or equal to the value in the column entitled “Weighted Average Life Value” in the table below corresponding to the immediately preceding Payment Date (or, prior to the first Payment Date following the Closing Date, the Closing Date): Weighted Average Life Value Closing Date 8.00 Payment Date in July 2023 7.64 Payment Date in October 2023 7.39 Payment Date in January 2024 7.14 Payment Date in April 2024 6.89 Payment Date in July 2024 6.64 Payment Date in October 2024 6.39 Payment Date in January 2025 6.14 Payment Date in April 2025 5.89 Payment Date in July 2025 5.64 Payment Date in October 2025 5.39 Payment Date in January 2026 5.14 Payment Date in April 2026 4.89 Payment Date in July 2026 4.64 Payment Date in October 2026 4.39 Payment Date in January 2027 4.14 Payment Date in April 2027 3.89 Payment Date in July 2027 3.64 Payment Date in October 2027 3.39 Payment Date in January 2028 3.14 Payment Date in April 2028 2.89 Weighted Average Life Value Payment Date in July 2028 2.64 Payment Date in October 2028 2.39 Payment Date in January 2029 2.14 Payment Date in April 2029 1.89 Payment Date in July 2029 1.64 Payment Date in October 2029 1.39 Payment Date in January 2030 1.14 Payment Date in April 2030 0.89 Payment Date in July 2030 0.64 Payment Date in October 2030 0.39 Payment Date in January 2031 0.14 Payment Date in April 2031 0.00 Payment Date in July 2031 0.00 Payment Date in October 2031 0.00 Payment Date in January 2032 0.00 Payment Date in April 2032 0.00 Payment Date in July 2032 0.00
Examples of Weighted Average Life Test in a sentence
The Weighted Average Life Test will apply during the period from the Closing Date to the termination of the Reinvestment Period.
The number set forth above for the Weighted Average Life Test is the maximum as of the Closing Date and will decrease for each Due Period from the Closing Date to the termination of the Reinvestment Period.
Personalise your cover If you have chosen more than one waiting period then you can personalise your second cover using the second column.
Without limitation to the above, the amendment to the "Weighted Average Life Test" may affect the average life of the Notes.
For so long as any of the Rated Notes are Outstanding, the Weighted Average Life Test.
More Definitions of Weighted Average Life Test
Weighted Average Life Test means, as of any date of determination, that the Weighted Average Life of all Eligible Loan Assets is equal to or less than 6.0 years.
Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of the Collateral Obligations as of such date is less than or equal to the number of years corresponding to the Closing Date or the most recent Payment Date on or preceding such date of determination as set forth in the table below: Payment Date (or Closing Date) Number of Years Closing Date 8.00 July 2024 7.59 October 2024 7.34 January 2025 7.09 April 2025 6.84 July 2025 6.59 October 2025 6.34 January 2026 6.09 April 2026 5.84 -71- July 2026 5.59 October 2026 5.34 January 2027 5.09 April 2027 4.84 July 2027 4.59 October 2027 4.34 January 2028 4.09 April 2028 3.84 July 2028 3.59 October 2028 3.34 January 2029 3.09 April 2029 2.84 July 2029 2.59 October 2029 2.34 January 2030 2.09 April 2030 1.84 July 2030 1.59 October 2030 1.34 January 2031 1.09 April 2031 0.84 July 2031 0.59 October 2031 0.34 January 2032 0.09 On and after April 2032 0.00
Weighted Average Life Test. As of any date of determination, that the Weighted Average Life of all Eligible Loans is equal to or less than six years.
Weighted Average Life Test. With respect to any Collateral Debt Securities, a test that will be satisfied as of any Measurement Date if the Weighted Average Life of such Collateral Debt Securities as of such Measurement Date is less than or equal to eight years.
Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of the Collateral Obligations as of such date is less than or equal to the value in the column entitled “Weighted Average Life Value” in the table below corresponding to the immediately preceding Payment Date (or, prior to the first Payment Date following the Closing Date, the Closing Date): Weighted Average Life Value Closing Date 8.00 November 20, 2019 7.50 February 20, 2020 7.25 May 20, 2020 7.00 August 20, 2020 6.75 November 20, 2020 6.50 February 20, 2021 6.25 66 Weighted Average Life Value May 20, 2021 6.00 August 20, 2021 5.75 November 20, 2021 5.50 February 20, 2022 5.25 May 20, 2022 5.00 August 20, 2022 4.75 Closing Date 8.00 November 20, 2019 7.50 February 20, 2020 7.25 May 20, 2020 7.00 August 20, 2020 6.75 November 20, 2020 6.50 February 20, 2021 6.25 May 20, 2021 6.00 August 20, 2021 5.75 November 20, 2021 5.50 February 20, 2022 5.25 May 20, 2022 5.00 August 20, 2022 4.75 November 20, 2022 4.50 February 20, 2023 4.25 May 20, 2023 4.00 August 20, 2023 3.75 November 20, 2023 3.50 February 20, 2024 3.25 May 20, 2024 3.00 August 20, 2024 2.75 November 20, 2024 2.50 February 20, 2025 2.25 May 20, 2025 2.00 August 20, 2025 1.75 November 20, 2025 1.50 February 20, 2026 1.25 May 20, 2026 1.00 August 20, 2026 0.75 November 20, 2026 0.50 February 20, 2027 0.25 May 20, 2027 and after 0.00
Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Loan Assets as of such date is less than or equal to nine (9) years minus the number of years (rounded to the nearest quarter year) that have elapsed since the later of (a) the Closing Date and (b) the most recent facility renewal date, if applicable.
Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Loan Assets as of such date is less than or equal to 6.5 years.