Weighted Average Moody s Recovery Rate" means, as of any date of determination, the number, expressed as a percentage, obtained by summing the product of the Moody's Recovery Rate on such Measurement Date of each Collateral Obligation and the principal balance of such Collateral Obligation, dividing such sum by the aggregate principal balance of all such Collateral Obligations and rounding up to the first decimal place.
Weighted Average Moody s Recovery Rate Test" means a test that will be satisfied as of any Measurement Date if the Weighted Average Moody's Recovery Rate is greater than or equal to 43.00%. The required Weighted Average Moody's Recovery Rate may be modified from time to time after the Closing Date upon receipt of Rating Agency Confirmation.
Weighted Average Moody s Recovery Rate" means, as of any Measurement Date, the number, expressed as a percentage, obtained by adding the products obtained by multiplying the Moody's Recovery Rate for each Underlying Asset for the indicated priority category by its Principal Balance, dividing such sum by the Aggregate Principal Balance of all such Underlying Assets and rounding up to the second decimal place.
More Definitions of Weighted Average Moody
Weighted Average Moody s Recovery Rate” means, as at any Measurement Date, the number, expressed as a percentage, obtained by summing the products obtained by multiplying the outstanding Principal Balance of each Collateral Debt Obligation by its corresponding Moody’s Recovery Rate and dividing such sum by the aggregate of the Principal Balances of all Collateral Debt Obligations, and rounding down to the nearest
Weighted Average Moody s Recovery Rate" means, as of any date of determination, the fraction (expressed as a percentage) obtained by (A) summing the products obtained by multiplying (i) the principal balance of each Collateral Obligation by (ii) the Moody's Recovery Rate with respect to such Collateral Obligation, (B) dividing such sum by the aggregate principal balance of all Collateral Obligations and (C) rounding up to the nearest tenth of a percent; provided that, for purposes of subsection (A) of this definition, after the initial calculation of Weighted Average Moody's Recovery Rate, the Moody's Recovery Rate of any particular Collateral Obligation will be deemed not to have changed from its prior value unless the Collateral Manager has become aware of a material change affecting such value (provided that the Collateral Manager has used its commercially reasonable efforts to monitor the status of the Facility Rating on an ongoing basis).
Weighted Average Moody s Recovery Rate Adjustment" means, (A) with respect to the adjustment of the Weighted Average Moody's Rating Factor as of any date of determination, the product of (i) the product of 100 and the Weighted Average Moody's Recovery Rate as of such date of determination, minus 45.0% and (ii) 58.0; provided that, if the Weighted Average Moody's Recovery Rate is (x) greater than or equal to 60.0%, then solely for the purpose of calculating the Weighted Average Moody's Recovery Rate Adjustment, the Weighted Average Moody's Recovery Rate shall equal 60.0%, or
Weighted Average Moody s Recovery Rate Adjustment" means, (A) with respect to the adjustment of the Weighted Average Moody's Rating Factor as of any date of determination, the product of (i) the product of 100 and the Weighted Average Moody's Recovery Rate as of such date of determination, minus 44% and (ii) 55; provided that, if the Weighted Average Moody's Recovery Rate is
Weighted Average Moody s Rating Factor Matrix” means the following matrix used to determine which of the “row/column combinations” below are applicable for purposes of determining the Moody’s Weighted Average Recovery Adjustment. On any date of determination, the “row/column combination” of the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix that then applies for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Moody’s Rating Factor Test and the Minimum Spread Test shall also be the “row/column combination” of the Weighted Average Moody’s Rating Factor Matrix that applies for purposes of determining the Moody’s Weighted Average Recovery Adjustment. Notwithstanding the “row/column combinations” set forth in the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix, the Collateral Manager may determine a combination of values that is not set forth below using linear interpolation between two rows and two columns set forth in the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix.
Weighted Average Moody s Rating Factor” means the number determined by summing the products obtained by multiplying the Outstanding Loan Balance of each Loan held in the Collateral by its Moody’s Rating Factor, dividing such sum by the aggregate Outstanding Loan Balance of all such Loans and then rounding the result down to the nearest whole number.
Weighted Average Moody s Rating Factor” means the number determined by summing the products obtained by multiplying the Outstanding Principal Balance of each Collateral Debt Obligation held in the Collateral by its Moody’s Rating Factor, dividing such sum by the aggregate Outstanding Principal Balance of all such Collateral Debt Obligation and then rounding the result down to the nearest whole number.