Class A/B Interest Coverage Test definition

Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.
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Class A/B Interest Coverage Test. A test that is satisfied as of the Interest Coverage Test Effective Date and any other date thereafter on which such test is required to be determined hereunder if (i) the Interest Coverage Ratio for the Class A Notes and the Class B Notes on such date is at least equal to the Required Interest Coverage Ratio or (ii) the Class A Notes and the Class B Notes are no longer outstanding.
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Class A/B Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class A/B Interest Coverage Ratio is at least equal to the percentage specified in the definition of “Coverage Test”.
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Examples of Class A/B Interest Coverage Test in a sentence

  • Cash contributions may be treated as Interest Proceeds if so directed by the holders of a Majority of the Preferred Shares where necessary to cure or prevent any default or to permit the Class A/B Interest Coverage Test to be satisfied, or if not satisfied, maintained or improved and otherwise will be treated as Principal Proceeds; provided that any such designation shall be irrevocable.

  • Cash contributions may be treated as Interest Proceeds if so directed by the holders of a Majority of the Preferred Shares (i) where necessary to cure or prevent any default or to permit the Class A/B Interest Coverage Test to be satisfied, or if not satisfied, maintained or improved or (ii) to acquire a Workout Loan or Equity Security, and otherwise will be treated as Principal Proceeds; provided that any such designation shall be irrevocable.

  • Cash cContributions may be treated as Interest Proceeds if so directed by the holders of athe Majority of the Preferred Shares to acquire a Workout Loan or Equity Security or where necessary to cure or prevent any default or to permit the Class A/B Interest Coverage Test to be satisfied, or if not satisfied, maintained or improved and otherwise will be treated as Principal Proceeds; provided that any such designation shall be irrevocable.


More Definitions of Class A/B Interest Coverage Test

Class A/B Interest Coverage Test means the Interest Coverage Test as applied to both the Class A Notes and the Class B Notes.
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Class A/B Interest Coverage Test means a test satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date and on which any Class A Notes and Class B Notes remain outstanding if the Class A/B Interest Coverage Ratio on such Measurement Date is equal to or greater than 115.0%.
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Class A/B Interest Coverage Test. The Interest Coverage Test, as applied with respect to the Class A-1 Debt, the Class A-2 Notes and the Class B Notes.
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Class A/B Interest Coverage Test means the test which will be satisfied as of any Measurement Date on or following the Determination Date relating to the second Payment Date if, on such Measurement Date, the Class A/B Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".
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Class A/B Interest Coverage Test means the test which will be satisfied if, as of the Measurement Date prior to the first Payment Date, the Class A/B Interest Coverage Ratio is equal to or greater than 100% and, as of any Measurement Date thereafter, the Class A/B Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".
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Class A/B Interest Coverage Test means the test which will apply as of each Interest Coverage Test Date and which will be satisfied on such Interest Coverage Test Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.
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Class A/B Interest Coverage Test. The test that will be deemed met as of any Measurement Date prior to the Effective Date and will be met as of any Measurement Date on or after the Effective Date on which any Class A Notes or Class B Notes remain Outstanding if the Class A/B Interest Coverage Ratio as of such Measurement Date is equal to or greater than 120.50%.
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