Weighted Average Spread Test definition

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.

• For any date of determination, the intersection set forth in the matrices below that has been selected by the Servicer for use in determining the scores that are required to satisfy the Diversity Score Test, the XXXX Test, the WARR Test and the Weighted Average Spread Test.

• 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.

• Each of the Diversity Test, the Weighted Average Rating Factor Test, the Minimum Weighted Average Spread Test, the Moody’s Weighted Average Recovery Rate Test and the Weighted Average Maturity Test.

• For any date of determination, the row/column combination of the table set forth below in this definition that has been selected by the Collateral Manager (in accordance with the procedures described in the next two sentences) for use in determining the scores that are required to satisfy the Diversity Test, the Minimum Weighted Average Spread Test and the Moody's Weighted Average Rating Factor Test.

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 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. 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 on any date of determination if the Weighted Average Spread is greater than or equal to 4.00%.

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, Primary Senior Notes and Subordinated Notes is 2.70% on the Ramp-Up Completion Date.

Weighted Average Spread Test. A test that is satisfied if the Weighted Average Spread equals or exceeds 4.00%. USActive 55525956.1555525956.20 47