Moody’s Diversity Test definition

Moody’s Diversity Test. A test that 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 interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with Section 7.18(g).

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Moody’s Diversity Test. A test that will be satisfied on any date of determination if the Diversity Score (rounded to the nearest whole number) equals or exceeds the greater of (x) 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 with notice to the Trustee and the Collateral Administrator (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) in accordance with Section 7.17(e) and (y) solely during the Reinvestment Period, 50.

Moody’s Diversity Test. A test that 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 (x) if the Funding Date has occurred, the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix (Funded) or (y) if the Class E Notes are an Unfunded Class, the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix (Unfunded), in each case, 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). “Moody’s Effective Date Rating Condition”: A condition that is satisfied if a Passing Report has been delivered to Moody’s with respect to the Effective Date rating confirmation procedures set forth in Section 7.18. If Moody’s (i) makes a public announcement or informs the Issuer, the Collateral Manager or the Trustee that its practice is not to give confirmations of ratings in connection with the Effective Date, or (ii) Moody’s no longer constitutes a Rating Agency under the Indenture, the requirement for satisfaction of the Moody’s Effective Date Rating Condition will not apply.

Examples of Moody’s Diversity Test 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 Moody’s Diversity Test, the Maximum ▇▇▇▇▇’▇ Rating Factor Test and the Minimum Floating Spread Test.
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 Moody’s Diversity Test, the Maximum ▇▇▇▇▇’▇ Rating Factor Test and the Minimum Moody’s Floating Spread Test.
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 Moody’s Diversity Test, the Maximum M▇▇▇▇’▇ Rating Factor Test and the Minimum Floating Spread Test.

More Definitions of Moody’s Diversity Test

Moody’s Diversity Test. A test that will be satisfied on any Measurement Date if the Diversity Score (rounded to the nearest whole number) equals or exceeds (a) during the Reinvestment Period, 40 and (b) after the Reinvestment Period, 35.

Moody’s Diversity Test means a test that will be satisfied on any Measurement Date if the Diversity Score (rounded to the nearest whole number) equals or exceeds the Row Minimum Diversity Score.