Class D Coverage Tests definition

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 Coverage Tests means the Class D Overcollateralization Test and the Class D Interest Coverage Test.

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

Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Value Test. “Class D Deferred Interest” has the meaning given to it in Condition 6(c) (Deferral of Interest).

Class D Coverage Tests means the Class D Par Value Test and the Class D Interest Coverage Test. “Class D Floating Rate of Interest” has the meaning given thereto in Condition 6 (Interest).

Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Value Test. “Class D Interest Coverage Ratio” means, as of any Measurement Date, the percentage obtained by

Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Overcollateralisation Ratio Test.

Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Coverage Test. Americas 91054390 Appendix 35

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 Adjusted Class Break-even Default Rate or (y) on and after the S&P CDO Monitor Election Date, the Class Break-even Default Rate, in each case, at such time. “Class Scenario Default Rate”: With respect to the Highest Ranking S&P Class: (a) prior to the S&P CDO Monitor Election Date, the rate at such time equal to (a) 0.247621 plus (b) (x) the S&P Weighted Average Rating Factor divided by (y) 9162.65 minus (c) (x) the Default Rate Dispersion divided by (y) 16757.20 minus (d)(x) the Obligor Diversity Measure divided by (y) 7677.80 minus (e)(x) the Industry Diversity Measure divided by (y) 2177.56 minus (f)(x) the Regional Diversity Measure divided by (y) 34.0948 plus (g)(x) the S&P Weighted Average Life divided by (y) 27.3896; or