Examples of Excess Weighted Average Floating Spread in a sentence
Excess Weighted Average Floating Spread: As of any Measurement Date, a percentage equal to the number obtained by multiplying (i) the excess, if any, of the Weighted Average Floating Spread (without regard to the Excess Weighted Average Coupon (if any)) over the Minimum Floating Spread by (ii) the number obtained by dividing the Aggregate Principal Balance of all Floating Rate Obligations by the Aggregate Principal Balance of all Fixed Rate Obligations, in each case, excluding any Defaulted Obligations.
The "Minimum Weighted Average Coupon Test" will be satisfied on any date of determination if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Coupon.
Excess Weighted Average Floating Spread: A percentage equal as of any date of determination to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the number obtained by dividing the Aggregate Principal Balance of all Floating Rate Obligations by the Aggregate Principal Balance of all Fixed Rate Obligations.
Minimum Weighted Average Coupon Test: The test that is satisfied on any Measurement Date if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds 6.50%.the Minimum Weighted Average Coupon.
Minimum Weighted Average Coupon Test: The test that is satisfied on any Measurement Date if the Weighted Average Coupon plus the Excess Weighted Average Floating Spread equals or exceeds 6.50[ ]%.