Excess Weighted Average Floating Spread definition
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 outstanding principal balance of all Floating Rate Obligations by the aggregate outstanding principal balance of all Fixed Rate Obligations.
Excess Weighted Average Floating Spread means, as of any Measurement Date, a percentage equal to the product obtained by multiplying (a) the greater of zero and 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 Traded Portfolio Assets (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Security or Partial Deferrable Security) by the aggregate principal balance of all fixed rate Traded Portfolio Assets (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Security or any Partial Deferrable Security).
Excess Weighted Average Floating Spread means 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 outstanding principal balance of all Floating Rate Obligations by the aggregate outstanding principal balance of all Fixed Rate Obligations.
More Definitions of Excess Weighted Average Floating Spread
Excess Weighted Average Floating Spread. As of any Measurement Date, an amount equal to the product obtained by multiplying (a) the greater of zero and 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 Collateral Obligations (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Obligation) by the Aggregate Principal Balance of all fixed rate Collateral Obligations (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Obligation).
Excess Weighted Average Floating Spread means 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 (with respect to any Deferrable Security, including for this purpose any capitalized interest with respect to which current cash interest is being paid but excluding any portion of the principal balance or capitalized interest with respect to which current cash interest is not being paid).
Excess Weighted Average Floating Spread means, as of any Measurement Date, means, as of any Measurement Date, an amount equal to the product obtained by multiplying (a) the excess, if any, of the Weighted Average Floating Spread over the Minimum Floating Spread by (b) the principal balance of all floating rate Collateral Obligations (excluding any Deferring Security or Partial Deferrable Security to the extent of any non-cash interest).
Excess Weighted Average Floating Spread means 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 higher of (x) the Minimum Weighted Average Spread and (y) the Minimum Fitch Floating Spread by (b) the number obtained, including for this purpose any capitalized interest, by dividing the Aggregate Principal Balance of all Floating Rate Collateral Obligations by the Aggregate Principal Balance of all Fixed Rate Collateral Obligations. In computing the Excess Weighted Average Floating Spread on any Measurement Date, the Weighted Average Floating Spread for the Measurement Date will be computed as if the Excess Weighted Average Coupon were equal to zero.
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 S&P 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. “Exchange”: The meaning specified in Section 2.12(g)(iii). “Exchange Act”: The United States Securities Exchange Act of 1934, as amended. “Exercise Notice”: The meaning specified in Section 9.7(c). “Expense Reserve Account”: The account established pursuant to Section 10.3(d). “Fallback Rate”: The rate determined by the Collateral Manager as follows:
Excess Weighted Average Floating Spread means a percentage equal as of any Measurement Date to a number obtained by multiplying
Excess Weighted Average Floating Spread means, as of any Measurement Date, a percentage equal to the product obtained by multiplying (a) the greater of zero and 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 (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Security) by the aggregate principal balance of all Fixed Rate Obligations (excluding any Defaulted Obligation and, to the extent of any non-cash interest, any Deferrable Security).