Weighted Average Life Test means, as of any date of determination, that the Weighted Average Life of all Eligible Loan Assets is equal to or less than 6.0 years.
Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 years.
Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of the Collateral Obligations as of such date is less than or equal to (i) 7.50 less (ii) (x) 0.25 multiplied by (y) the aggregate number of quarter-year periods that have elapsed since the Closing Date.
Examples of Weighted Average Life Test in a sentence
The Weighted Average Life Test will apply during the period from the Closing Date to the termination of the Reinvestment Period.
The number set forth above for the Weighted Average Life Test is the maximum as of the Closing Date and will decrease for each Due Period from the Closing Date to the termination of the Reinvestment Period.
Without limitation to the above, the amendment to the "Weighted Average Life Test" may affect the average life of the Notes.
Investors should note that pursuant to the Supplemental Trust Deed, the Weighted Average Life Test will be amended.
Weighted Average Life Test: A test satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations as of such date is less than the Maximum Weighted Average Life.
More Definitions of Weighted Average Life Test
Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of the Collateral Obligations as of such date is less than or equal to the value in the column entitled "Weighted Average Life Value" in the table below corresponding to the immediately preceding Payment Date (or, prior to the first Payment Date following the First Refinancing Date, the First Refinancing Date): Weighted Average Life Value First Refinancing Date 8.12 Payment Date in November 2021 7.75 Payment Date in February 2022 7.50 Payment Date in May 2022 7.25 Payment Date in August 2022 7.00 Payment Date in November 2022 6.75 Payment Date in February 2023 6.50 Weighted Average Life Value Payment Date in May 2023 6.25 Payment Date in August 2023 6.00 Payment Date in November 2023 5.75 Payment Date in February 2024 5.50 Payment Date in May 2024 5.25 Payment Date in August 2024 5.00 Payment Date in November 2024 4.75 Payment Date in February 2025 4.50 Payment Date in May 2025 4.25 Payment Date in August 2025 4.00 Payment Date in November 2025 3.75 Payment Date in February 2026 3.50 Payment Date in May 2026 3.25 Payment Date in August 2026 3.00 Payment Date in November 2026 2.75 Payment Date in February 2027 2.50 Payment Date in May 2027 2.25 Payment Date in August 2027 2.00 Payment Date in November 2027 1.75 Payment Date in February 2028 1.50 Payment Date in May 2028 1.25 Payment Date in August 2028 1.00 Payment Date in November 2028 0.75 Payment Date in February 2029 0.50 Payment Date in May 2029 0.25 Payment Date in August 2029 0.00
Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of the Collateral Obligations as of such date is less than or equal to the value in the column entitled “Weighted Average Life Value” in the table below corresponding to the immediately preceding Payment Date (or, prior to the first Payment Date following the Closing Date, the Closing Date): Weighted Average Life Value Closing Date 8.00 November 20, 2019 7.50 February 20, 2020 7.25 May 20, 2020 7.00 August 20, 2020 6.75 November 20, 2020 6.50 February 20, 2021 6.25 May 20, 2021 6.00 August 20, 2021 5.75 November 20, 2021 5.50 February 20, 2022 5.25 May 20, 2022 5.00 August 20, 2022 4.75 Closing Date 8.00 November 20, 2019 7.50 February 20, 2020 7.25 May 20, 2020 7.00 August 20, 2020 6.75 November 20, 2020 6.50 February 20, 2021 6.25 May 20, 2021 6.00 August 20, 2021 5.75 November 20, 2021 5.50 February 20, 2022 5.25 May 20, 2022 5.00 August 20, 2022 4.75 66 Weighted Average Life Value November 20, 2022 4.50 February 20, 2023 4.25 May 20, 2023 4.00 August 20, 2023 3.75 November 20, 2023 3.50 February 20, 2024 3.25 May 20, 2024 3.00 August 20, 2024 2.75 November 20, 2024 2.50 February 20, 2025 2.25 May 20, 2025 2.00 August 20, 2025 1.75 November 20, 2025 1.50 February 20, 2026 1.25 May 20, 2026 1.00 August 20, 2026 0.75 November 20, 2026 0.50 February 20, 2027 0.25 May 20, 2027 and after 0.00
Weighted Average Life Test. With respect to any Collateral Debt Securities, a test that will be satisfied as of any Measurement Date if the Weighted Average Life of such Collateral Debt Securities as of such Measurement Date is less than or equal to eight years.
Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than 4 years.
Weighted Average Life Test means a test satisfied as of any Measurement Date if the Weighted Average Life of the Underlying Assets (other than Defaulted Obligations) is no higher than the relevant weighted average life specified in the table below for the ClosingFirst Refinancing Date (if such Measurement Date occurs before the first Payment Date following the First Refinancing Date) or the Payment Date immediately preceding such Measurement Date:
Weighted Average Life Test means a test that (a) will be satisfied during the Replenishment Period, if the Weighted Average Life is less than the Maximum Weighted Average Life and (b) will be deemed to be satisfied at all times after the Replenishment Period.
Weighted Average Life Test. A test satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations as of such date is less than the number of years (rounded to the nearest one hundredth thereof) during the period from such date of determination to August 30, 2027.