Weighted Average Rating Test definition

Weighted Average Rating Test means a test that will be satisfied as of any date of determination if the Weighted Average Rating of the Collateral Loans as of such date of determination is equal to or less than 4000.
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Weighted Average Rating Test means a test that will be satisfied as of any Measurement Date if the Weighted Average Rating of the Collateral Obligations as of such Measurement Date is equal to or less than the "Maximum Weighted Average Rating" corresponding to the Matrix Case elected by the Collateral Manager plus the Moody's Recovery Rate Adjustment plus the Moody's Weighted Average Liability Spread Adjustment.
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Weighted Average Rating Test means a test that will be satisfied as ofon any Measurement Date on or after the First Refinancing Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the lesser of (i) the maximum rating factor corresponding to the Matrix Case elected by the Asset Manager plus the Moody's Recovery Rate Adjustment and (ii) 3300.
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Examples of Weighted Average Rating Test in a sentence

  • The Weighted Average Rating Test will be a test that is satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date (after taking into consideration the Recovery Rate Modifier) is equal to or less than the maximum rating factor corresponding to the Diversity Score and the Weighted Average Spread as of such Measurement Date in the Asset Quality Matrix.

  • The Weighted Average Rating Test will be satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date (after subtracting the sum of the Recovery Rate Modifier and the Senior Overcollateralization Ratio Modifier) is equal to or less than the maximum rating factor applicable under the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix.

  • In addition, the Indenture contains certain rules for the inclusion of Asset Backed Securities in Moody’s Weighted Average Rating Test and the Moody’s Diversity Score and for the treatment of any Asset Backed Security which ceases to pay interest in full in cash as accrued.

  • The Weighted Average Rating Test will be satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets on such date is equal to or less than the maximum Weighted Average Rating corresponding to the Diversity Score and the Weighted Average Spread plus the Recovery Rate Modifier as of such date in the Moody’s Test Matrix.

  • The Weighted Average Rating Test will be a test that is satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the applicable maximum rating factor from the Moody’s Test Matrix plus the Recovery Rate Modifier.

  • The Weighted Average Rating Test will be satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets on such date (after taking into consideration the Recovery Rate Modifier (as defined herein)) is equal to or less than the maximum Weighted Average Rating corresponding to the Diversity Score and the Weighted Average Spread plus the Recovery Rate Modifier as of such date in the Moody’s Test Matrix.

  • The Weighted Average Rating Test will be a test that is satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the maximum rating factor from the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix.

  • The "Weighted Average Rating Test" will be satisfied as of any Measurement Date, if the Weighted Average Rating of the Underlying Assets is equal to or less than the number set forth in the column entitled "Maximum W eighted Average Rating" in the Maximum Rating/Minimum Spread Matrix corresponding to the option cho sen by the Ass et Mana ger as being currently app licable to the U nderlying As sets.

  • Staff assumes that retail station owners will attempt to recover these costs by raising prices on products that are sold at retail stations, both fuel and non‐fuel commodities.

  • The Weighted Average Rating Test will be a test that is satisfied as of any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the applicable maximum rating factor from the Moody’s Test Matrix or the applicable Additional Subordination Moody’s Test Matrix, as applicable.


More Definitions of Weighted Average Rating Test

Weighted Average Rating Test means a test that will be satisfied on any Measurement Date if the Weighted Average Rating of the Underlying Assets as of such Measurement Date is equal to or less than the lesser of (i) the maximum rating factor corresponding to the case elected by the Asset Manager from the Minimum Diversity/Maximum Weighted Average Rating/Minimum Weighted Average Spread Matrix plus the Moody's Recovery Rate Adjustment and (ii) 3300.
Sample 1

Related to Weighted Average Rating Test

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • 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 Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.