Minimum Credit Enhancement Test definition

Minimum Credit Enhancement Test. With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

Minimum Credit Enhancement Test means, with respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage (solely for purposes of such test, rounded to the sixth decimal place) is greater than or equal to 4.250000%.

Minimum Credit Enhancement Test means, with respect to any Premium Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to the percentage set forth in Annex 1.

Examples of Minimum Credit Enhancement Test in a sentence

• With respect to each Payment Date, if the Minimum Credit Enhancement Test and the Delinquency Test are both satisfied, the sum of: (a) the Senior Percentage of the Scheduled Principal for such Payment Date;(b) the Senior Percentage of the Unscheduled Principal for such Payment Date; and(c) 100% of the Excess Credit Event Amount for such Payment Date.

• The “Use Case Specification” component (1) is a web app that allows users to create use cases by giving their specifications.

• The "Minimum Credit Enhancement Test" with respect to any Payment Date is a test that will be satisfied if the Subordinate Percentage (solely for purposes of such test, rounded to the sixth decimal place) is greater than or equal to 4.250000%, and The "UPB" of a Reference Obligation is its unpaid principal balance as of any date of determination.

• The "Group 2 Minimum Credit Enhancement Test" with respect to any Payment Date and Loan Group 2 is a test that will be satisfied if the Group 2 Subordinate Percentage is greater than or equal to 3.75%.

• In addition to any other damages that might be due to Town hereunder in connection with the breach of this Agreement by Professional, Professional shall reimburse Town, as described in Article 10 hereof, for costs, damages and expenses that are the result of errors, omissions or delays of the Professional or the Professional’s Consultants.

More Definitions of Minimum Credit Enhancement Test

Minimum Credit Enhancement Test means, with respect to any Payment Date and Loan Group, a test that will be satisfied if:

Minimum Credit Enhancement Test means with respect to any Distribution Date, a test that will be satisfied if:

Minimum Credit Enhancement Test. With respect to any Payment Date is a test that will be satisfied if the Subordinate Percentage is greater than or equal to 7%. Moody’s: Xxxxx’x Investors Service, Inc. and its successors.

Minimum Credit Enhancement Test means the Group 1 Minimum Credit Enhancement Test or the Group 2 Minimum Enhancement Test, as the context may require.

Minimum Credit Enhancement Test means, with respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 3%.

Minimum Credit Enhancement Test means with respect to any Distribution Date, a test that will be satisfiedif:

Minimum Credit Enhancement Test means, with respect to any Premium Payment Date on and after the Rate Recalculation Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to the percentage set forth in Annex 1.