Weighted Average Xxxxx’x Rating Factor definition

Weighted Average Xxxxx’x Rating Factor. The number (rounded up to the nearest whole number) determined by:
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Weighted Average Xxxxx’x Rating Factor means the number determined by summing the products obtained by multiplying the Outstanding Loan Balance of each Loan held in the Collateral by its Xxxxx’x Rating Factor, dividing such sum by the aggregate Outstanding Loan Balance of all such Loans and then rounding the result down to the nearest whole number.
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Weighted Average Xxxxx’x Rating Factor. On any Measurement Date, the number obtained by dividing (i) the summation of the series of products obtained for the Collateral Value of each Eligible Loan, other than any Excluded Loan or any Loan, or portion thereof, which is then included in the computation of the Excess Concentration Amount, by multiplying the Collateral Value of each such Loan on such Measurement Date by its respective Xxxxx’x Rating Factor on such Measurement Date by (ii) the aggregate Collateral Values of all Eligible Loans on such Measurement Date and rounding the result up to the nearest whole number.
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Examples of Weighted Average Xxxxx’x Rating Factor in a sentence

  • Furthermore, the Issuer (or the Collateral Manager on its behalf) shall prepare another written report, determined as of the Payment Date occurring in January 2012 (the “Second Interim Report Date”), setting forth the Aggregate Principal Balance of the Collateral Obligations, the Diversity Score, the Weighted Average Xxxxx’x Rating Factor, the Weighted Average Floating Spread and the Weighted Average Moody’s Recovery Rate.

  • The Collateral Manager shall deliver to Moody’s, the Collateral Administrator, the Trustee and the Initial Purchaser a report calculating the Diversity Score, the Weighted Average Xxxxx’x Rating Factor, the Weighted Average Floating Spread and the Weighted Average Moody’s Recovery Rate, in each case, as of the Closing Date.

  • In addition, the Issuer (or the Collateral Manager on its behalf) shall prepare a written report, determined as of October 25, 2011 (the “First Interim Report Date”), setting forth the Aggregate Principal Balance of the Collateral Obligations, the Diversity Score, the Weighted Average Xxxxx’x Rating Factor, the Weighted Average Floating Spread and the Weighted Average Moody’s Recovery Rate.

  • The Collateral Manager shall deliver to Xxxxx’x, the Collateral Administrator, the Trustee and the Initial Purchaser a report calculating the Diversity Score, the Weighted Average Xxxxx’x Rating Factor, the Weighted Average Floating Spread and the Weighted Average Xxxxx’x Recovery Rate, in each case, as of the Closing Date.


More Definitions of Weighted Average Xxxxx’x Rating Factor

Weighted Average Xxxxx’x Rating Factor has the meaning specified in Schedule 5.
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Weighted Average Xxxxx’x Rating Factor means, as of any date of determination with respect to all Eligible Collateral Loans, the number (rounded up to the nearest whole number) determined by:
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Weighted Average Xxxxx’x Rating Factor means the number (rounded up to the nearest whole number) determined by: (a) summing the products of (i) the Outstanding Balance of each Eligible Loan Asset (excluding Defaulted Loan Assets) multiplied by (ii) the Xxxxx’x Rating Factor of such Eligible Loan Asset, and (b) dividing such sum by the aggregate Outstanding Balance of all Eligible Loan Assets as of such date.
Sample 1
Weighted Average Xxxxx’x Rating Factor. As of any Measurement Date, the number determined by summing the products obtained by multiplying the Outstanding Loan Balance of each Loan included in the Collateral by its Xxxxx’x Rating Factor, dividing such sum by the aggregate Outstanding Loan Balance of all such Loans and then rounding the result down to the nearest whole number.
Sample 1
Weighted Average Xxxxx’x Rating Factor. The amount determined by summing the products obtained by multiplying the Principal Balance of each Collateral Debt Security (excluding Defaulted Securities and Written Down Securities) and the amount of Cash and Eligible Investments by their Xxxxx’x Rating Factors, dividing such sum by the Aggregate Principal Balance of all such obligations and rounding the result up to the nearest whole number; provided, however, to the extent that Cash has been received in respect of Principal Proceeds of the Collateral Debt Securities and (i) has not been reinvested in additional Collateral Debt Securities or (ii) has been invested in Eligible Investments, the Xxxxx’x Rating Factor applicable to such Cash or Eligible Investments shall be that Xxxxx’x Rating Factor corresponding to the Xxxxx’x Rating applicable to the Collateral Debt Securities from which such Principal Proceeds have been received immediately prior to receipt of such Principal Proceeds.
Sample 1

Related to Weighted Average Xxxxx’x Rating Factor

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • Weighted Average Floating Spread As of any Measurement Date, the number obtained by dividing: (a) the amount equal to (A) the Aggregate Funded Spread plus (B) the Aggregate Unfunded Spread by (b) an amount equal to the lesser of (A) the Aggregate Principal Balance of all Floating Rate Obligations as of such Measurement Date and (B) either (x) with respect to the S&P CDO Monitor Test, the Aggregate Principal Balance of Floating Rate Obligations and (y) otherwise, the Reinvestment Target Par Balance minus the Aggregate Principal Balance of Fixed Rate Obligations; provided that if the foregoing amount is less than the S&P Minimum Weighted Average Floating Spread selected by the Collateral Manager in connection with the S&P CDO Monitor Test, then all or a portion of the Weighted Average Floating Spread Adjustment, if any, as of such date, to the extent not exceeding such shortfall, will be added to such result.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 6.00%.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Weighted Average Yield means with respect to any Loan, on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan.

  • Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 years.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing such sum by (b) the Aggregate Net Collateral Balance.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Weighted Average Life means, as of any date, with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of the number of years from such date to the dates of each successive scheduled principal payment (including any sinking fund payment requirements) of such debt security multiplied by the amount of such principal payment, by (ii) the sum of all such principal payments.