Weighted Average Coupon Test definition

Weighted Average Coupon Test means a test that will be satisfied on the Ramp-Up Completion Date if the Weighted Average Coupon with respect to CMBS and Senior Notes is equal to or greater than 5.30% on such date.
Weighted Average Coupon Test means a test that will be satisfied as of any Measurement Date after the Effective Date if (a) the Aggregate Principal Balance of Fixed Rate Underlying Assets is zero or (b) the Weighted Average Coupon is equal to or greater than 7.50%.
Weighted Average Coupon Test means a test that is satisfied at any such time if the Weighted Average Coupon as calculated on the date of determination is greater than or equal to 8.5%.

Examples of Weighted Average Coupon Test 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.

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More Definitions of Weighted Average Coupon Test

Weighted Average Coupon Test means a test that will be satisfied on any date of determination if the Weighted Average Coupon equals or exceeds 8.00%.
Weighted Average Coupon Test means a test that will be satisfied if the Weighted Average Coupon exceeds the Minimum Weighted Average Coupon.
Weighted Average Coupon Test means a test that will be satisfied as of any date of determination if the Weighted Average Coupon of the Fixed Rate Loans is equal to or greater than 7.0%.
Weighted Average Coupon Test means a test that will be satisfied as of any Measurement Date after the Effective Date if (a) the Aggregate Principal Balance of Fixed RateCollateral Obligations is zero or (b) the Weighted Average Coupon is equal to or greater than 7.00%.
Weighted Average Coupon Test means a test that will be satisfied as of any Measurement Date if the Weighted Average Coupon is equal to or greater than 7.5%.
Weighted Average Coupon Test means a test that is satisfied on any Measurement Date on or after the Ramp-Up Completion Date if (x) on the Ramp-Up Completion Date, the Weighted Average Coupon as of the Ramp-Up Completion Date is equal to or greater than 5.85% and (y) on any Measurement Date after the Ramp-Up Completion Date, the Weighted Average Coupon as of such Measurement Date is equal to or greater than 5.25%.
Weighted Average Coupon Test means a test that is satisfied on any Measurement Date if the Weighted Average Coupon as of such Measurement Date is equal to or greater than (i) [**] on the Closing Date and thereafter to and including the 40th day after the Closing Date; (ii) [**] thereafter to and including the 80th day after the Closing Date; and (iii) [**] on any Measurement Date thereafter. [**] CONFIDENTIAL TREATMENT REQUESTED