Minimum Diversity Test definition

Minimum Diversity Test means a test that will be satisfied on any date of determination if (i) the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to or greater than 10, (ii) the Collateral contains Eligible Collateral Obligations from at least twenty different Obligors and (iii) from and after August 2, 2014, the Principal Balances of all Collateral Obligations that are obligations of any single Obligor are less than 5% of the sum of the Principal Balances for all Eligible Collateral Obligations.
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Minimum Diversity Test means a test that will be satisfied on any date of determination if the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to or greater than (x) during the period from the Effective Date until the date that is 180 days after such date, 6 and (y) thereafter, 10.
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Minimum Diversity Test means a test that will be satisfied on any date of determination if the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to or greater than (x) during the period starting on the Effective Date and ending one-hundred twenty (120) days after the Effective Date, 0, (y) during the period starting (i) one-hundred twenty (120) days after the Effective Date and ending on the six-month anniversary of the Effective Date or during any Conditional Ramp-Up Period or (ii) on the date of a Securitization for which an Affiliate of DBNY acts as an underwriter or placement agent and ending on the six-month anniversary of such Securitization, 6 and (z) otherwise, 10.
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Examples of Minimum Diversity Test in a sentence

  • See "The Portfolio – Portfolio Profile Tests and Collateral Quality Tests – Moody's Minimum Diversity Test".

  • The description of “Moody’s Test Matrix” is deleted and replaced with the following:Subject to the provisions provided below, the Collateral Manager will have the option to elect which of the cases set forth in the matrix set out below (the “Moody’s Test Matrix”) shall be applicable for purposes of the Moody’s Maximum Weighted Average Rating Factor Test, the Moody’s Minimum Diversity Test and the Minimum Weighted Average Spread Test.

  • For reinvestment after the end of the Reinvestment Period, the Coverage Tests and the Collateral Quality Tests (except the CDO Monitor Test and the Moody's Minimum Diversity Test) must be satisfied (both immediately before and immediately after such reinvestment).

  • Collateral Quality Tests The Collateral Quality Tests will comprise the following: • CDO Monitor Test (as of the Effective Date until the end of the Reinvestment Period only) • S&P Minimum Weighted Average Recovery Rate Test • Moody' s Minimum Diversity Test • Moody's Maximum Weighted Average Rating Factor Test • Moody's Minimum Weighted Average Recovery Rate Test • Minimum Weighted Average Spread Test • Weighted Average Life Test.


More Definitions of Minimum Diversity Test

Minimum Diversity Test means a test that is satisfied on any date of determination if the Diversity Score (rounded to the nearest whole number) equals or exceeds the Minimum Diversity Score.
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Minimum Diversity Test. A test that is satisfied as of any date of determination if the Moody’s Diversity Score (rounded to the nearest whole number) equals or exceeds the number set forth in the column titled “Minimum Diversity Test” in the Collateral Quality Matrix based on the applicable Grid Number then in effect in accordance with the procedures set forth in the definition of “Collateral Quality Matrix” (or determined by interpolating on a linear basis).
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Minimum Diversity Test means a test that will be satisfied on any date of determination if the Diversity Score of all Eligible Collateral Obligations included in the Collateral as of such date is equal to or greater than (x)i) during any Ramp-Up Period or Conditional Ramp-Up Period, 6 and (ii) otherwise, 8; provided that, notwithstanding the foregoing or anything herein to the contrary, the Minimum Diversity Test shall be deemed satisfied during the period starting on the Effective Date and ending one-hundred twenty (120) days after the Effective Date, 0, (y) during the period starting (i) one-hundred twenty (120) days after the Effective Date and ending on the six-month anniversary of the Effective Date or during any Conditional Ramp-Up Period or (ii) on the date of a Securitization for which an Affiliate of DBNY acts as an underwriter or placement agent and ending on the six-month anniversary of such Securitization, 6 and (z) otherwise, 10..
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Minimum Diversity Test has the meaning set forth on Schedule F hereto.
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Minimum Diversity Test means a test that will be satisfied on any date of determination if the Diversity Score is equal to or greater than (i) following the Closing Date and prior to the date that is four (4) months after the Closing Date, 0, (ii) following the date that is four (4) months after the Closing Date and prior to the end of the Ramp Period, 6 and (iii) thereafter, 12.
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Minimum Diversity Test means a test that will be satisfied on any date of determination if (i) the Diversity Score of all Eligible Collateral Obligations included in the Collateral is equal to
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Related to Minimum Diversity Test

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • DNS test Means one non-­‐recursive DNS query sent to a particular “IP address” (via UDP or TCP). If DNSSEC is offered in the queried DNS zone, for a query to be considered answered, the signatures must be positively verified against a corresponding DS record published in the parent zone or, if the parent is not signed, against a statically configured Trust Anchor. The answer to the query must contain the corresponding information from the Registry System, otherwise the query will be considered unanswered. A query with a “DNS resolution RTT” 5 times higher than the corresponding SLR, will be considered unanswered. The possible results to a DNS test are: a number in milliseconds corresponding to the “DNS resolution RTT” or, undefined/unanswered.

  • RDDS test Means one query sent to a particular “IP address” of one of the servers of one of the RDDS services. Queries shall be about existing objects in the Registry System and the responses must contain the corresponding information otherwise the query will be considered unanswered. Queries with an RTT 5 times higher than the corresponding SLR will be considered as unanswered. The possible results to an RDDS test are: a number in milliseconds corresponding to the RTT or undefined/unanswered.

  • Drug use test means a scientifically substantiated method to test for the presence of illegal or performance-enhancing drugs or the metabolites thereof in a person’s urine.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.