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.

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.

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 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.

Examples of Weighted Average Spread Adjustment in a sentence

Other researchers have made similar findings in medical and mental health settings (e.g.Metzger 1999; Bot 2003).
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.
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.
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.

Weighted Average Spread Adjustment means, as of any date, a fraction (expressed as a percentage), the numerator of which is equal to the

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.

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.

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.

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.

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.