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 Obligations as of such date of determination is equal to or less than the maximum rating factor corresponding to the case selected by the Portfolio Manager from the Matrix.
Weighted Average Rating Test means a test that will be satisfied as ofon 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.
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.
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.