Diversity Score Test definition

Diversity Score Test means, as of any date of determination with respect to Eligible Loan Assets in the Collateral Portfolio, a test that is satisfied if the Diversity Score is equal to or greater than (i) if such date of determination is prior to the CQT Matrix Trigger Date, 18, or (ii) if such date of determination is on or after the CQT Matrix Trigger Date, the “Minimum Diversity Score” selected by the Servicer by reference to the matrix set forth on Annex D.

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Diversity Score Test. As of any date of determination with respect to Eligible Loans included in the Collateral, a test that is satisfied if the Diversity Score is equal to or greater than 14.

Diversity Score Test. A test that will be satisfied on any date of determination if the Diversity Score (rounded to the nearest whole number) equals or exceeds 20.

Examples of Diversity Score Test in a sentence

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 ▇▇▇▇ Test, the WARR Test and the Weighted Average Spread Test.
As of the Closing Date, the Collateral Manager hereby elects the intersection of Min WAS value of 5.05% and Minimum Diversity Score value of 12 (thereby resulting in a W▇▇▇ value of 3835) in the Collateral Quality Matrix as the initially applicable values for purposes of determining compliance with the Weighted Average Spread Test, the Diversity Score Test and the W▇▇▇ Test.
On or prior to the date on which the Ramp Amount is first achieved, the Collateral Manager shall elect the “row/column” combination of the Asset Quality Matrix that shall on and after such date apply to the Loans for purposes of determining compliance with the Minimum Weighted Average Spread Test, the Minimum Diversity Score Test and the Maximum Weighted Average Rating Factor Test, and shall provide notice of such election to the Administrative Agent.
For the avoidance of doubt, the Minimum Diversity Score value so selected shall be applicable at the times specified in the definition of Diversity Score Test.

More Definitions of Diversity Score Test

Diversity Score Test. As of any date of determination with respect to Eligible Loans included in the Collateral, a test that is satisfied if (a) prior to the first date on or after the Closing Date on which the Diversity Score is equal to or greater than 12, the Diversity Score is equal to or greater than 8 or (b) if clause (a) does not apply, the Diversity Score is equal to or greater than the applicable number set forth under the column “Diversity Score” in the Collateral Quality Matrix based on the Collateral Quality Matrix intersection chosen by the Collateral Manager as set forth in Section 6.12.