Weighted Average Rating Test definition

Weighted Average Rating Test means a test that will be satisfied as of any date of determination if the Weighted Average Rating of the Collateral Loans as of such date of determination is equal to or less than 4000.
Weighted Average Rating Test means a test that will be satisfied as of any Measurement Date if the Weighted Average Rating of the Collateral Obligations as of such Measurement Date is equal to or less than the "Maximum Weighted Average Rating" corresponding to the Matrix Case elected by the Collateral Manager plus the Moody's Recovery Rate Adjustment plus the Moody's Weighted Average Liability Spread Adjustment.
Weighted Average Rating Test means a test that will be satisfied onas of any Measurement Date on or after the First Refinancing Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the lesser of (i) the maximum rating factor corresponding to the Matrix Case elected by the Asset Manager plus the Moody's Recovery Rate Adjustment and (ii) 3300.

Examples of Weighted Average Rating Test in a sentence

  • The Weighted Average Rating Test will be a test that is satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the maximum rating factor from the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix.

  • The "Weighted Average Rating Test" will be satisfied as of any Measurement Date, if the Weighted Average Rating of the Underlying Assets is equal to or less than the number set forth in the column entitled "Maximum W eighted Average Rating" in the Maximum Rating/Minimum Spread Matrix corresponding to the option cho sen by the Ass et Mana ger as being currently app licable to the U nderlying As sets.

  • Staff assumes that retail station owners will attempt to recover these costs by raising prices on products that are sold at retail stations, both fuel and non‐fuel commodities.

  • The Weighted Average Rating Test will be a test that is satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the applicable maximum rating factor from the Moody’s Test Matrix or the applicable Additional Subordination Moody’s Test Matrix, as applicable.

  • The Weighted Average Rating Test will be satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets on such date (after taking into consideration the Recovery Rate Modifier (as defined herein)) is equal to or less than the maximum Weighted Average Rating corresponding to the Diversity Score and the Weighted Average Spread plus the Recovery Rate Modifier as of such date in the Moody’s Test Matrix.

  • The Weighted Average Rating Test will be satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date (after subtracting the sum of the Recovery Rate Modifier and the Senior Overcollateralization Ratio Modifier) is equal to or less than the maximum rating factor applicable under the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix.

  • The Weighted Average Rating Test will be a test that is satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date (after taking into consideration the Recovery Rate Modifier) is equal to or less than the maximum rating factor corresponding to the Diversity Score and the Weighted Average Spread as of such Measurement Date in the Asset Quality Matrix.

  • In addition, the Indenture contains certain rules for the inclusion of Asset Backed Securities in Moody’s Weighted Average Rating Test and the Moody’s Diversity Score and for the treatment of any Asset Backed Security which ceases to pay interest in full in cash as accrued.

  • The Weighted Average Rating Test will be a test that is satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the applicable maximum rating factor from the Moody’s Test Matrix plus the Recovery Rate Modifier.

  • Contract- and noncontract-covered employees will be eligible for step increases in fiscal year 1996 in accordance with the collective bargaining agreement or the merit rules.


More Definitions of Weighted Average Rating Test

Weighted Average Rating Test means a test that will be satisfied on any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the lesser of (i) the maximum rating factor corresponding to the case elected by the Asset Manager from the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix plus the Moody's Recovery Rate Adjustment and (ii) 3300.

Related to Weighted Average Rating Test

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 6.00%.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 6.0 years.

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by: