Minimum Weighted Average Coupon definition

Minimum Weighted Average Coupon. If any of the Collateral Obligations are Fixed Rate Obligations, 7.00%.

Minimum Weighted Average Coupon means 7.00%.

Minimum Weighted Average Coupon means (i) if any of the Collateral Obligations are Fixed Rate Obligations, 7.5% and (ii) otherwise, 0%.

Examples of Minimum Weighted Average Coupon in a sentence

• Minimum Floating Spread Test and Minimum Weighted Average Coupon Test.

• For purposes of the calculation of the Interest Coverage Tests, the Minimum Floating Spread Test and the Minimum Weighted Average Coupon Test, Collateral Obligations contributed to an ETB Subsidiary shall be included net of the actual taxes paid or any future anticipated taxes payable during the applicable period for such tests (as determined by the Collateral Manager in its reasonable discretion).

• 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.

• For purposes of the Minimum Floating SpreadTest and the Minimum Weighted Average Coupon Test, the per annum fixed rate or floating rate, as applicable, of a Partial PIK Obligation will be deemed to equal the rate at which interest was required to be paid in cash on the most recently scheduled payment date on the outstanding balance of such security.

• If any such Event of Default or failure is no longer continuing, then the Collateral Agent shall remit any such payments that are so retained by, or paid to it, on the first Business Day after the Collateral Agent shall have received notice from the Purchase Contract Agent that such Event of Default or failure is no longer continuing, unless the payment thereof to the Pledgor would reduce the aggregate Pledge Value of the Collateral below the Pledge Value Requirement.

More Definitions of Minimum Weighted Average Coupon

Minimum Weighted Average Coupon means, if any of the Collateral Obligations are Fixed Rate Obligations, 6.0%. The “Maximum Moody’s Rating Factor Test” will be satisfied on any date of determination if the Adjusted Weighted Average Moody’s Rating Factor of the Collateral Obligations is less than or equal to the sum of (A) the number set forth in the Asset Quality Matrix at the intersection of the applicable “row/column combination” chosen by the Collateral Manager (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture plus (B) the Moody’s Weighted Average Recovery Adjustment. The “Moody’s Weighted Average Recovery Adjustment” means, as of any date of determination, the greater of (a) zero and(b) the product of (i)(A) the Weighted Average Moody’s Recovery Rate as of such date of determination multiplied by 100 minus (B) 45.50 and (ii) with respect to the adjustment of the Maximum Moody’s Rating Factor Test, 90; provided, if the Weighted Average Moody’s Recovery Rate for purposes of determining the Moody’s Weighted Average Recovery Adjustment is greater than 60%, then such Weighted Average Moody’s Recovery Rate shall equal 60% unless the Moody’s Rating Condition is satisfied. The “Moody’s Diversity Test” will be satisfied on any date of determination if the Diversity Score (rounded to the nearest whole number) equals or exceeds the number set forth in the column entitled “Minimum Diversity Score” in the Asset Quality Matrix based upon the applicable “row/column combination” chosen by the Collateral Manager (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture. The “Asset Quality Matrix” means the following chart used to determine which of the “row/column combinations” are applicable for purposes of determining compliance with the Moody’s Diversity Test, the Maximum Moody’s Rating Factor Test and the Minimum Moody’s Floating Spread Test: Minimum Weighted AverageSpread Minimum Diversity Score 2730Maximum Weighted Average Rating Factor The “Minimum Weighted Average Moody’s Recovery Rate Test” will be satisfied on any date of determination if the Weighted Average Moody’s Recovery Rate equals or exceeds 45.5%. The “Maximum Fitch Rating Factor Test” will be satisfied on any date of determination if the Weighted Average Fitch Rating Factor as at such date is less than or equal to the applicable level in the Fitch Test Matrix. The “Minimum Weight...

Minimum Weighted Average Coupon means 7.50%.

Minimum Weighted Average Coupon. (i) If any of the Collateral Obligations are Fixed Rate Obligations, 7.0% and (ii) otherwise, 0%.

Minimum Weighted Average Coupon means (i) if any of the Collateral Obligations are Fixed Rate Obligations, 7.50% and (ii) otherwise, 0%.The "Maximum Moody's Rating Factor Test" will be satisfied on any Measurement Date if the Adjusted Weighted Average Moody's Rating Factor of the Collateral Obligations is less than or equal to the lower of (x) the sum of (i) the number set forth in the Asset Quality Matrix at the intersection of 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 plus (ii) the Moody's Weighted Average Recovery Adjustment and (y) 3250.The "Moody's Weighted Average Recovery Adjustment" means, as of any Measurement Date, the greater of (a) zero and (b) the product of (i)(A) the Weighted Average Moody's Recovery Rate as of such Measurement Date multiplied by 100 minus (B) 43 and (ii) 55; provided that, if the Weighted Average Moody's Recovery Rate is greater than 60%, then such Weighted Average Moody's Recovery Rate shall equal 60% unless the Moody's Rating Condition is satisfied.The "Moody's Diversity Test" will be satisfied on any Measurement Date if the Diversity Score (rounded to the nearest whole number) equals or exceeds the number set forth in the column entitled "Minimum Diversity Score" 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.The "Asset Quality Matrix" means the following chart used to determine which of the "row/column combinations" (or the linear interpolation between two adjacent rows and/or two adjacent columns) are applicable for purposes of determining compliance with the Moody's Diversity Test, the Maximum Moody's Rating Factor Test and the Minimum Floating Spread Test: The "S&P CDO Monitor Test" will be satisfied on any Measurement Date on or after the Effective Date following receipt by the Issuer and the Collateral Administrator of the S&P CDO Monitor if, after giving effect to the sale of a Collateral Obligation or the purchase of a Collateral Obligation, each Class Default Differential of the Proposed Portfolio is positive. The S&P CDO Monitor Test will be considered to be improved if each Class Default Differential of the Proposed Portfolio is greater than the corresponding Class Default Differential of the Current Portfolio...

Minimum Weighted Average Coupon means 7.00%.The "Maximum Moody's Rating Factor Test" will be satisfied on any date of determination if the Adjusted Weighted Average Moody's Rating Factor of the Collateral Obligations is less than or equal to the sum of

Minimum Weighted Average Coupon means 5.00%.

Minimum Weighted Average Coupon means 7.5%.