Weighted Average Spread Adjustment definition

Weighted Average Spread Adjustment means, as of any date, a fraction (expressed as a percentage), the numerator of which is equal to the product of (i) the excess, if any, of the Weighted Average Coupon for such date over 7.0% and (ii) the Aggregate Principal Balance plus the Exposure Amount of all Fixed Rate Obligations (in each case excluding Defaulted Loans), and the denominator of which is the Aggregate Principal Balance plus the Exposure Amount of all Floating Rate Obligations as of such date (in each case excluding Defaulted Loans). In computing the Weighted Average Spread Adjustment on any Measurement Date, the Weighted Average Coupon for such date shall be computed as if the Weighted Average Coupon Adjustment was equal to zero.
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Weighted Average Spread Adjustment means, as of any date, a fraction (expressed as a percentage), the numerator of which is equal to the product of (i) the excess, if any, of the Weighted Average Fixed Rate Coupon for such date over 10.00% and (ii) the Aggregate Principal Balance of all Fixed Rate Obligations as of such date (in each case, excluding the unfunded portion of any Delayed Drawdown Collateral Loans or Revolving Collateral Loans that are Fixed Rate Obligations), and the denominator of which is the Aggregate Principal Balance of all Collateral Obligations that are not Fixed Rate Obligations as of such date. In computing the Weighted Average Spread Adjustment on any date, the Weighted Average Fixed Rate Coupon for such date shall be computed as if the Weighted Average Fixed Rate Coupon Adjustment was equal to zero.
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Weighted Average Spread Adjustment means, as of any date, a fraction (expressed as a percentage), the numerator of which is equal to the
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Examples of Weighted Average Spread Adjustment in a sentence

  • In computing the Weighted Average Spread Adjustment on any Measurement Date, the Weighted Average Coupon for such date shall be computed as if the Weighted Average Coupon Adjustment was equal to zero.

  • The Loan Parties shall, with respect to any Person admitted as a substitute or new Investor (whether due to a transfer by an existing Investor or otherwise) (a “Subsequent Investor”), promptly (and, in any event no later than five (5) Business Days after the admission of such Subsequent Investor) notify the Administrative Agent of the identity of such Investor and deliver documentation similar to that described in Section 7.01(l) with respect thereto.

  • In computing the Weighted Average Coupon Adjustment on any date, the Weighted Average Spread for such Measurement Date shall be computed as if the Weighted Average Spread Adjustment was equal to zero.

  • Investors should note that pursuant to the Supplemental Trust Deed, the Weighted Average Life Test and the definitions of Moody’s Weighted Average Spread Adjustment and Moody’s Minimum Weighted Average Floating Spread will be amended.

  • In computing the Weighted Average Spread Adjustment on any date, the Weighted Average Fixed Rate Coupon for such date shall be computed as if the Weighted Average Fixed Rate Coupon Adjustment was equal to zero.


More Definitions of Weighted Average Spread Adjustment

Weighted Average Spread Adjustment means, as of any date, a fraction (expressed as a percentage), the numerator of which is equal to the product of (i) the excess, if any, of the Weighted Average Coupon for such date over 7.00% and (ii) the Aggregate Principal Balance of all Fixed Rate Obligations (excluding Defaulted Loans) as of such date (in each case, excluding the unfunded portion of any Delayed Funding Loans or Revolving Collateral Loans that are Fixed Rate Obligations), and the denominator of which is the Aggregate Principal Balance of all Floating Rate Obligations as of such date (in each case excluding Defaulted Loans). In computing the Weighted Average Spread Adjustment on any Measurement Date, the Weighted Average Coupon for such date shall be computed as if the Weighted Average Coupon Adjustment was equal to zero.
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Weighted Average Spread Adjustment. As of any date of determination, a fraction (expressed as a percentage), (a) the numerator of which is equal to the product of (i) the excess, if any, of the Weighted Average Coupon for such date over the Minimum Weighted Average Coupon Test Level and (ii) the Aggregate Principal Balance plus the Unfunded Exposure Amount of all Fixed Rate Obligations (in each case excluding Defaulted Obligations) and (b) the denominator of which is the Aggregate Principal Balance plus the Unfunded Exposure Amount of all Floating Rate Obligations as of such date (in each case excluding Defaulted Obligations). In computing the Weighted Average Spread Adjustment on any Measurement Date, (A) the Weighted Average Coupon for such date will be computed as if the Weighted Average Coupon Adjustment were equal to zero and (B) all Deferrable Obligations will be excluded to the extent of any non-cash interest.
Sample 1
Weighted Average Spread Adjustment. As of any date with respect to any specified Portfolio, a fraction (expressed as a percentage), the numerator of which is equal to the product of (i) the excess, if any, of the Weighted Average Fixed Rate Coupon for such date over 7.0% and (ii) the Aggregate Principal Balance of all Fixed Rate Obligations in the specified Portfolio as of such date (in each case, excluding the unfunded portion of any Delayed Drawdown Collateral Obligations or Revolving Collateral Obligations in the specified Portfolio that are Fixed Rate Obligations), and the denominator of which is the Aggregate Principal Balance of all Collateral Obligations in the specified Portfolio that are not Fixed Rate Obligations as of such date. In computing the Weighted Average Spread Adjustment on any date, the Weighted Average Fixed Rate Coupon for such date shall be computed as if the Weighted Average Fixed Rate Coupon Adjustment was equal to zero.
Sample 1
Weighted Average Spread Adjustment means, as of any Measurement Date, a fraction (expressed as a percentage), the numerator of which is equal to the product of (a) the excess, if any, of the Weighted Average Fixed Rate Coupon for such Measurement Date over 6.0%, and (b) the aggregate principal balance of all fixed rate Collateral Debt Securities (other than Defaulted Securities) held by the Issuer as of such Measurement Date, and the denominator of which is the aggregate principal balance of all floating rate Collateral Debt Securities held by the Issuer as of such Measurement Date (other than Defaulted Securities). In computing the Weighted Average Spread Adjustment on any Measurement Date, the Weighted Average Fixed Rate Coupon for such Measurement Date shall be computed as if the Weighted Average Fixed Rate Coupon Adjustment was equal to zero.
Sample 1
Weighted Average Spread Adjustment means, as of any date, a fraction (expressed as a percentage), the numerator of which is equal to the product of (i) the excess, if any, of the Weighted Average Coupon for such date over the Minimum Weighted Average Coupon and (ii) the aggregate Outstanding Balance of all Fixed Rate Obligations, and the denominator of which is the aggregate Outstanding Balance of all Floating Rate Obligations as of such date. In computing the Weighted Average Spread Adjustment on any Measurement Date, the Weighted Average Coupon for such date shall be computed as if the Weighted Average Coupon Adjustment was equal to zero.
Sample 1
Weighted Average Spread Adjustment means, as of any date, a fraction (expressed as a percentage), the numerator of which is equal to the product of (i) the excess, if any, of the Weighted Average Fixed Rate Coupon for such date over 6.00% and (ii) the Aggregate Principal Balance of all Fixed Rate
Sample 1

Related to Weighted Average Spread Adjustment

  • 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:

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • Adjustment Spread means either a spread (which may be positive or negative), or the formula or methodology for calculating a spread, in either case, which the Independent Adviser determines and which is required to be applied to the Successor Rate or the Alternative Rate (as the case may be) to reduce or eliminate, to the fullest extent reasonably practicable in the circumstances, any economic prejudice or benefit (as the case may be) to Noteholders as a result of the replacement of the Original Reference Rate with the Successor Rate or the Alternative Rate (as the case may be) and is the spread, formula or methodology which:

  • Weighted Average Life As of any date of determination with respect to all Collateral Obligations other than Defaulted Obligations, the number of years following such date obtained by summing the products obtained by multiplying: