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.
The "Minimum Weighted Average Coupon" means, as of any date of determination, the number specified as the “Minimum Weighted Average Coupon” in the Minimum Floating Spread/Minimum Weighted Average Coupon Pairing selected by the Portfolio Manager and applicable at such time.
Minimum Floating Spread Test and Minimum Weighted Average Coupon TestThe "Minimum Floating Spread Test" will be satisfied on any date of determination if the Weighted Average Floating Spread plus the Excess Weighted Average Coupon equals or exceeds the Minimum Floating Spread.

More Definitions of Minimum Weighted Average Coupon

Minimum Weighted Average Coupon means 7.50%.

Minimum Weighted Average Coupon. (i) If any of the Collateral Obligations are Fixed Rate Obligations, 8.50% and (ii) otherwise, 0.00%.

Minimum Weighted Average Coupon means (i) if any of the Collateral Obligations are Fixed Rate Obligations, 7.0% and(ii) otherwise, 0%.The "Maximum Moody's Rating Factor Test" will be satisfied on any Measurement Date if the Adjusted Weighted AverageMoody'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 Combination then applicable to the Collateral Obligations under "Adjusted Weighted Average Moody's Rating Factor" 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) the number set forth in the column entitled "Moody's Recovery Rate Modifier" in the Recovery Rate Modifier Matrix, based upon the applicable "row/column combination" then in effect as determined in accordance with the Indenture; 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 Asset Quality Matrix Combination then applicable to the Collateral Obligations under "Minimum Diversity Score."The "Asset Quality Matrix" means the following chart used to determine which of the Asset Quality Matrix Combinations 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: Minimum Weighted The "Asset Quality Matrix Combination" means the row/column combination in the Asset Quality Matrix (or the linear interpolation between two adjacent rows and/or two adjacent columns, as applicable) chosen by the Collateral Manager in accordance with the Indenture with notice to the Trustee and the Collateral Administrator. The "S&P CDO Monitor Test" will be satisfied on any Measurement Date on or after the Effective Date following application 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, the Class Default Differential of the Proposed Po...

Minimum Weighted Average Coupon means 7.50%. 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 interpolating 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) 48.0 and (ii) (A) with respect to the adjustment of the Maximum Moody’s Rating Factor Test, 65 and (B) with respect to adjustment of the Minimum Floating Spread, 0.07%; provided, if the Weighted Average Moody’s RecoveryRate 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; provided, further, that the amount specified in clause (b)(i) above may only be allocated once on any date of determination and the Collateral Manager shall designate to the Collateral Administrator in writing on each such date the portion of such amount that shall be allocated to clause (b)(ii)(A) and the portion of such amount that shall be allocated to clause (b)(ii)(B) (it being understood that, absent an express designation by the Collateral Manager, all such amounts shall be allocated to clause (b)(ii)(A)). 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 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” 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: Minimum Wei...

Minimum Weighted Average Coupon means, if any of the Collateral Obligations are Fixed Rate Obligations, 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 lesser of (i) 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 interpolating 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 and (ii) 3,900. The “Moody’s Weighted Average Recovery Adjustment” means, as of any date of determination, the greater of (a) zeroand (b) the product of (i)(A) the Weighted Average Moody’s Recovery Rate as of such date of determination multiplied by 100 minus (B) 45.75 and (ii) with respect to the adjustment of the Maximum Moody’s Rating Factor Test, 60; 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 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” 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: Minimum WeightedAverage Minimum Diversity ScoreSpread 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. 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 45.75%. The “Minimum Weighted Average S&P Rec...

Minimum Weighted Average Coupon means 7.5%. 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 8.007.00%.

Minimum Weighted Average Coupon definition

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