Class D Interest Coverage Ratio definition
Class D Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.
Class D Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes on the following Payment Date.
Class D Interest Coverage Ratio means, as of any date of determination, the ratio of (x) to (y), where (x) is the Interest Coverage Amount for the related Due Period in which such date of determination occurs, and where (y) is an amount equal to the sum of (1) the Periodic Interest Amount for the Class A Notes for the Payment Date relating to such Due Period plus (2) the Periodic Interest Amount for the Class B Notes for the Payment Date relating to such Due Period plus (3) the Periodic Interest Amount for the Class C Notes for the Payment Date relating to such Due Period plus (4) the Periodic Interest Amount for the Class D Notes for the Payment Date relating to such Due Period.
More Definitions of Class D Interest Coverage Ratio
Class D Interest Coverage Ratio means, as of each Interest Coverage Test Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes.
Class D Interest Coverage Ratio means, on any Measurement Date, the ratio (expressed as a percentage) obtained by dividing: (a) the Interest Coverage Amount by; (b) the aggregate of the scheduled interest payments payable on the Senior Notes, the Class B Notes, the Class C Notes and the Class D Notes on the following Payment Date (including any Commitment Fee and any Break Costs and, for the avoidance of doubt, any accrued interest payable on Deferred Interest).
Class D Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:
Class D Interest Coverage Ratio means, as of any Measurement Date falling on or after the Effective Date, the ratio (expressed as a percentage) obtained by dividing:
Class D Interest Coverage Ratio or “Class E Interest Coverage Ratio” means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:
Class D Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing:
Class D Interest Coverage Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments payable on the Senior Notes (converted where appropriate at the Spot Rate), the Class A2 Notes, the Class B Notes, the Class C Notes and the Class D Notes on the following Payment Date (including any Deferred Interest on the Class B Notes, any Deferred Interest on the Class C Notes and any Deferred Interest on the Class D Notes and any Commitment Fee, and any Break Costs paid during the related Due Period, but excluding any VFN Increased Margin);