Minimum Floating Spread definition
Minimum Floating Spread. The applicable percentage set forth in the definition of “S&P CDO Monitor” upon the option chosen by the Collateral Manager in accordance with Section 2 of Schedule 4.
Minimum Floating Spread means the number set forth in the column entitled “Minimum Weighted Average Spread” in the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix set forth below based upon the applicable “row/column combination” chosen by the Portfolio Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture, reduced by the Moody’s Weighted Average Recovery Adjustment; provided that the Minimum Floating Spread shall in no event be lower than 1.70%.
Minimum Floating Spread means the number set forth in the column entitled "Minimum Weighted Average Spread" in the Asset Quality Matrix based upon the applicable "row/column combination" chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture.
Examples of Minimum Floating Spread in a sentence
On or prior to the Effective Date, the Collateral Manager shall elect the “row/column combination” of the Asset Quality Matrix that shall on and after the Effective Date apply to the Collateral Obligations for purposes of determining compliance with the Maximum ▇▇▇▇▇’▇ Rating Factor Test, the ▇▇▇▇▇’▇ Diversity Test, the ▇▇▇▇▇’▇ Matrix Test and the Minimum Floating Spread Test.
More Definitions of Minimum Floating Spread
Minimum Floating Spread. The number set forth in the column entitled “Minimum Weighted Average Spread” in the Asset Quality Matrix based upon the applicable “row/column combination” chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with Section 7.18(h).
Minimum Floating Spread means 4.00%.
Minimum Floating Spread. (a) For purposes of compliance with the Level 1 Portfolio Test, 550 basis points and (b) for purposes of compliance with the Level 2 Portfolio Test, 450 basis points.
Minimum Floating Spread means 1.75%.
Minimum Floating Spread means 2.00%.
Minimum Floating Spread means the number set forth in the column entitled "Minimum Weighted Average Spread" in the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix set
Minimum Floating Spread. : means the applicable percentage set forth in the definition of “S&P CDO Monitor” upon the option chosen by the Collateral Manager in accordance with this Indenture; provided that the Minimum Floating Spread may not be reduced below 2.00%.