Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread is greater than or equal to 4.50%.
Weighted Average Spread Test means, as of any date of determination, that the Weighted Average Spread of all Eligible Loan Assets that are Floating Rate Loan Assets is equal to or greater than 3.5%.
Weighted Average Spread Test means, as of any date of determination, a test that is satisfied if the Weighted Average Spread of all Eligible Loan Assets that are Floating Rate Loan Assets is equal to or greater than (i) if such date of determination is prior to the CQT Matrix Trigger Date, 3.50%, or (ii) if such date of determination is on or after the CQT Matrix Trigger Date, the “Minimum WAS” selected by the Servicer by reference to the matrix set forth on Annex D.
Examples of Weighted Average Spread Test in a sentence
If the Issuer receives any interest payments on any Collateral Obligation net of any applicable withholding tax, the Interest Coverage Tests and the Minimum Weighted Average Spread Test will be determined by reference to such net receipts.
If the Issuer receives any interest payments on any Collateral Debt Obligation net of any applicable withholding tax, the Interest Coverage Tests and the Minimum Weighted Average Spread Test will be determined by reference to such net receipts.
For so long as any of the Rated Notes are Outstanding:(a) the Minimum Weighted Average Spread Test; and(b) the Weighted Average Life Test.Portfolio Profile Tests: ........................
If the Issuer receives any interest payments on any Collateral Debt Obligation net of any applicable withholding tax, the Interest Coverage Tests and the Minimum Weighted Average Spread Test and Minimum Weighted Average Fixed Coupon Test will be determined by reference to such net receipts.
If the Issuer receives any interest payments on any Collateral Obligation net of any applicable withholding tax, the Interest Coverage Tests and the Fitch Minimum Weighted Average Spread Test will be determined by reference to such net receipts.
More Definitions of Weighted Average Spread Test
Weighted Average Spread Test. As of any date of determination, a test that is satisfied if the Weighted Average Spread of all Eligible Loans that are Floating Rate Loans is equal to or greater than 4.50%.
Weighted Average Spread Test. Unused Fee", "Unused Fee Rate" (including, in each case, any material component definition(s) thereof), and (B) the written consent of each Lender directly and adversely affected thereby shall be required for any amendment, modification or waiver (i) extending or increasing the Commitment of any Lender (or reinstating any Commitment terminated pursuant to the terms hereof (including any extension of the "Commitment Termination Date" (including, in each case, any component definitions thereof) (and for the avoidance of doubt, such extended or increased Lender shall be deemed to be adversely affected, provided that, increasing the Commitment of any Lender on a non-pro rata basis will not be deemed to adversely affect any other Lender)), (ii) modifying any other provision of this Agreement that would adversely affect the rights of any Lender in a manner disproportionate (in relation to such to such Lender's Pro Rata Share, including any payments (and their priority) to the Lenders provided for therein) to the effect of such amendment, modification or waiver on any other Lender, (iii) reducing any fee, premium, expense or other amount payable to such Lender under any Transaction Document (or postponing any date for payment thereof), or (iv) resulting in the incurrence by the Borrower of (or otherwise permitting the incurrence of) any senior or pari passu indebtedness (other than the indebtedness represented by this Agreement).
Weighted Average Spread Test means, a test that will be satisfied if the Weighted Average Spread exceeds Minimum Weighted Average Spread.
Weighted Average Spread Test means, a test that will be satisfied if the Weighted Average Spread with respect to Trust Preferred Securities and Subordinated Notes is 3.22% on the Ramp-Up Completion Date.
Weighted Average Spread Test means a test that will be satisfied on any Measurement Date if the Weighted Average Spread as of such Measurement Date is equal to or greater than the minimum spread corresponding to the Matrix Case elected by the Asset Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable)Minimum Weighted Average Spread.
Weighted Average Spread Test means a test that will be satisfied on the Ramp-Up Completion Date if the Weighted Average Spread with respect to Trust Preferred Securities and Subordinated Notes (including (i) Trust Preferred Securities and Subordinated Notes having a Current Spread on and after the Trust Preferred Securities Payment Date or Subordinated Note Interest Payment Date in July 2010 and (ii) Trust Preferred Securities and Subordinated Notes having a Current Spread on and after the Trust Preferred Securities Payment Date or Subordinated Note Interest Payment Date in July 2015) is equal to or greater than 3.35% on such date.
Weighted Average Spread Test. “Weighted Average Life Test”, “Weighted Average Risk Factor Rating Test”, “Weighted Average Senior Debt Ratio Test”, “Weighted Average TTM EBITDA Test”, “Weighted Average Total Debt Ratio Test”, “Weighted Average Loan to Enterprise Value Test”, “Weighted Average Debt to TTM Recurring Revenue Test”, “Weighted Average Recurring Revenue Loan to Enterprise Value Test”, or in any defined term used therein, in each case in a manner which would have the effect of making more credit available to the Borrower, be adverse to the interests of Lenders or less restrictive on the Borrower in any other material fashion, or (i) extend the Reinvestment Period. “Funding Effective Date” means the later of the Closing Date and the date on which the conditions precedent set forth in Section 3.01 are satisfied. “GAAP” means generally accepted accounting principles in effect from time to time in the United States. “Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, quasi-regulatory authority, administrative tribunal, central bank, public office, court, arbitration or mediation panel, or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of government, including the SEC, the stock exchanges, any Federal, state, territorial, county, municipal or other government or governmental agency, arbitrator, board, body, branch, bureau, commission, court, department, instrumentality, master, mediator, panel, referee, system or other political unit or subdivision or other entity of any of the foregoing, whether domestic or foreign. “Governmental Authorizations” means all franchises, permits, licenses, approvals, consents and other authorizations of all Governmental Authorities. “Governmental Filings” means all filings, including franchise and similar tax filings, and the payment of all fees, assessments, interests and penalties associated with such filings with all Governmental Authorities. “IBA” means the ICE Benchmark Administration Limited (together with any successor to the ICE Benchmark Administration Limited). “Indemnified Party” has the meaning assigned to such term in Section 16.04(b). “Ineligible Loan” means, at any time, a Loan or any portion thereof that fails to satisfy any criteria of the definition of “Eligible Loan”. “Insolvency Event” means with respect to a specified Person, (a) the filing of a decree o...