Class A/B Coverage Tests definition

Class A/B Coverage Tests. The Class A/B Overcollateralization Ratio Test and the Class A/B Interest Coverage Test.

Class A/B Coverage Tests means the Class A/B Interest Coverage Test and the Class A/B Par Value Test (as applicable with respect to the Class A Notes and Class B Notes).

Class A/B Coverage Tests means the Class A/B Overcollateralization Test and the Class A/B Interest Coverage Test.

Class A/B Coverage Tests. The Par Value Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes and the Class B Notes collectively.

Class A/B Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Debt and the Class B Notes. “Class A-1 Notes”: The Class A-1 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class A-L Lenders”: The Class A-L-A Lenders and the Class A-L-B Lenders, collectively.

Class A/B Coverage Tests. Loans”: The Class A/B Overcollateralization Ratio Test and the Class A/B Interest Coverage Test Senior Secured Floating Rate Loans incurred by the Issuer and the Cayman Issuer on the Closing Date under the Credit Agreement.

Class A/B Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Debt and the Class B Debt. “Class A Debt”: The Class A Notes and the Class A-2L Loans, collectively. “Class A Notes”: The Class A-1 Notes and the Class A-2 Notes, collectively. “Class A-1 Notes”: The Class A-1 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class A-2 Debt”: The Class A-2 Notes and the Class A-2L Loans, collectively. “Class A-2 Notes”: The Class A-2 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class A-2L Lender”: Each lender under the Class A-2L Loan Agreement, with respect to the Class A-2L Loans. “Class A-2L Loan Agreement”: The Class A-2L Loan Agreement, dated as of the Closing Date, among the Issuer, the Loan Agent and the Class A-2L Lender. 12 “Class A-2L Loans”: The Class A-2L Senior Secured Floating Rate Loans incurred pursuant to the Class A-2L Loan Agreement and having the characteristics specified therein. “Class B Debt”: The Class B Notes and the Class ▇-▇ Loans, collectively. “Class B Notes”: The Class B Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class ▇-▇ Lender”: Each lender under the Class ▇-▇ Loan Agreement, with respect to the Class ▇-▇ Loans. “Class ▇-▇ Loan Agreement”: The Class ▇-▇ Loan Agreement, dated as of the Closing Date, among the Issuer, the Loan Agent and the Class ▇-▇ Lender. “Class ▇-▇ Loans”: The Class ▇-▇ Senior Secured Floating Rate Loans incurred pursuant to the Class ▇-▇ Loan Agreement and having the characteristics specified therein. “Class Break-even Default Rate”: With respect to the Highest Ranking S&P Class: (a) prior to the S&P CDO Monitor Election Date, the rate equal to (a) C0 plus (b) the product of (x) C1 and (y) the Weighted Average Floating Spread plus (c) the product of (x) C2 and (y) the Weighted Average S&P Recovery Rate, where each of C0, C1 and C2 is equal to a transaction specific value provided by S&P; or (b) on and after the S&P CDO Monitor Election Date, the maximum percentage of defaults, at any time, that the Current Portfolio or the Proposed Portfolio, as applicable, can sustain, as determined through application of the applicable S&P CDO Monitor chosen by the Collateral Manager in accordance with this Indenture that is applicable ...

Class A/B Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes and the Class B Notes, collectively. “Class B Notes”: The Class B Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class B Refinancing Obligations”: The class or classes of refinancing obligations providing the Refinancing Proceeds used to redeem the Class B Notes, each Class of Secured Notes senior to such Class and each Pari Passu Class or Classes of Secured Notes. “Class C Coverage Tests”: The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.

Class A/B Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Debt and the Class B Notes. “Class B Notes”: TheOn and after the Refinancing Date, the Class BB-R Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class Break-even Default Rate”: With respect to the Highest Ranking S&P Class: (a) prior to the S&P CDO Monitor Election Date, the rate equal to (a) 0.1027520.042904 plus (b) the product of (x) 3.3900243.433883 and (y) the Weighted Average Floating Spread plus (c) the product of (x) 1.2520601.365283 and (y) the Weighted Average S&P Recovery Rate; or (b) on and after the S&P CDO Monitor Election Date, the maximum percentage of defaults, at any time, that the Current Portfolio or the Proposed Portfolio, as applicable, can sustain, as determined through application of the applicable S&P CDO Monitor chosen by the Collateral Manager in accordance with this Indenture that is applicable to the portfolio of Collateral Obligations, which, after giving effect to the assumptions on recoveries, defaults and timing and to the Priority of Payments, will result in sufficient funds remaining for the payment of the Highest Ranking S&P Class in full. After the S&P CDO Monitor Election Date, S&P will provide the Collateral Manager with the Class Break-even Default Rates for each S&P CDO Monitor input file based upon the S&P Minimum Floating Spread and the S&P CDO Monitor Recovery Rate to be associated with such S&P CDO Monitor input file as selected by the Collateral Manager in accordance with the definition of “S&P CDO Monitor”. “Class C Coverage Tests”: The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes. “Class C Notes”: The Class C Secured Deferrable Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class D Coverage Tests”: The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class D Notes. “Class D Notes”: The Class D Secured Deferrable Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class Default Differential”: With respect to the Highest Ranking S&P Class, the rate calculated by subtracting the Class Scenario Default Rate at such time from (x) prior to the S&P CDO Monitor Election Date, the Adjus...