Maximum Weighted Average Life Test
Maximum Weighted Average Life Test. A test that will be satisfied on any Measurement Date if the Weighted Average Life of all Loans included in the Collateral is less than or equal to 6.5 years; provided that following a securitization in which the Administrative Agent is the sole or joint lead bookrunner, the Maximum Weighted Average Life Test will not apply hereunder until the aggregate Adjusted Borrowing Value is greater than $80,000,000.
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Found in
NewStar Financial, Inc. contract