Maximum Weighted Average Life Test definition

Maximum Weighted Average Life Test means a test that will be satisfied on any day if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 6.0 years.

Maximum Weighted Average Life Test is a test satisfied on any Measurement Date if the Weighted Average Life of all Collateral Loans as of such date is less than or equal to (a) 6.5 years minus (b) the number of years (rounded to the nearest quarter) that have elapsed since the Closing Date.

Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

Examples of Maximum Weighted Average Life Test in a sentence

• For so long as any of the Rated Notes are Outstanding: (a) the Minimum Weighted Average Spread Test; (b) the Minimum Weighted Average Fixed Coupon Test; and (c) the Maximum Weighted Average Life Test.

• The "Maximum Weighted Average Life Test" will be satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations in the Reinvesting Portfolio as of such date is less than or equal to the number of years (rounded to the nearest one hundredth thereof) during the period from such date of determination to July 12, 2025.

• Amendments to the Investment Management and Collateral Administration AgreementInvestors should note that pursuant to the Amendment and Supplemental Trust, each of the Maximum Weighted Average Life Test, the S&P CDO Monitor Test and the Moody’s Tests Matrices will be amended and each of the S&P Minimum Weighted Average Recovery Rate Test and the S&P Matrix will be deleted.

• Some of the techniques [7,8] that are based on Fourier transforming of the chan- neled spectra enable a complete 3D tomographical reconstruction of a thin- film layer.

• WW Standards of Performance for the Beverage Can Surface Coating Industry.

More Definitions of Maximum Weighted Average Life Test

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 six years.

Maximum Weighted Average Life Test has the meaning set forth on Schedule F hereto.

Maximum Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations in the Reinvesting Portfolio as of such date is less than or equal to the value in the table below corresponding to the immediately preceding Payment Date (or, prior to the first Payment Date following the Closing Date, the Closing Date): Weighted Average Life Value Closing Date 8.00 October 27, 2023 7.52 January 27, 2024 7.27 April 27, 2024 7.02 July 27, 2024 6.77 October 27, 2024 6.52 January 27, 2025 6.27 April 27, 2025 6.02 July 27, 2025 5.77 October 27, 2025 5.52 January 27, 2026 5.27 April 27, 2026 5.02 July 27, 2026 4.77 October 27, 2026 4.52 January 27, 2027 4.27 April 27, 2027 4.02 July 27, 2027 3.77 October 27, 2027 3.52 January 27, 2028 3.27 April 27, 2028 3.02 July 27, 2028 2.77 October 27, 2028 2.52 January 27, 2029 2.27 April 27, 2029 2.02 July 27, 2029 1.77 October 27, 2029 1.52 January 27, 2030 1.27 April 27, 2030 1.02 July 27, 2030 0.77 October 27, 2030 0.00

Maximum Weighted Average Life Test. A test that will be satisfied on any Measurement Date if the Weighted Average Life of all Loans included in the Collateral is less than or equal to 5.0 years; provided that following a securitization in which the Administrative Agent is the sole or joint lead bookrunner, the Maximum Weighted Average Life Test will not apply hereunder until the aggregate Adjusted Borrowing Value is greater than $50,000,000.

Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted

Maximum Weighted Average Life Test in Section 1.1 of the Credit Agreement is hereby amended by replacing the words “Original Closing Date” with the words “Effective Date” at the end of clause (b) thereof.

Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Portfolio Assets as of such date is less than or equal to (i) 8 years less (ii) the number of full quarters elapsed since the ClosingSecond Amendment Date (or the date of any extension of the Maturity Date) (for the avoidance of doubt, “quarter” shall mean 0.25 of a year) multiplied by 0.25.