Rate Coverage Test definition

Rate Coverage Test has the meaning set forth in Section 16(l) (Rate Coverage).
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Rate Coverage Test means the rate coverage test set forth in Section 16(m).
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Rate Coverage Test has the meaning set forth in Section 15(l) (Rate Coverage). “Rating Agency” means a rating agency registered with the Securities and Exchange‌ Commission as a nationally recognized statistical rating organization (as defined in 15 U.S.C. §78c(a)(62)).
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Examples of Rate Coverage Test in a sentence

  • The Borrower shall be credited with amounts available in the Ramp Up Reserve Account but not released from the Ramp Up Reserve Account solely to the extent necessary to comply with the Senior Debt Service Coverage Ratio and the Total Debt Service Coverage Ratio requirements of the Rate Coverage Test until such time as the Borrower is permitted to release all funds from the Ramp Up Reserve Account pursuant to Section 16(k)(ii) (Project Accounts; Permitted Investments).

  • The Borrower shall be credited with amounts available in the Ramp Up Reserve Account for purposes of the Rate Coverage Test in accordance with this Section 16(l)(ii), notwithstanding the fact that such amounts are not included within the definition of Pledged Revenues.

  • If the mandatory prepayment described in this Section 10(a)(ii) is not sufficient to cause the Borrower to regain compliance with the Rate Coverage Test, the Borrower shall continue to make the mandatory prepayment described in this Section 10(a)(ii) on each date as of which the Borrower calculates the Rate Coverage Test thereafter until the Borrower is in compliance with the Rate Coverage Test.

  • The Borrower shall have delivered to the TIFIA Lender a certified Base Case Financial Model acceptable to the TIFIA Lender on or prior to the Effective Date demonstrating that the projected Project Revenues shall be sufficient to meet the Loan Amortization Schedule and satisfy the Rate Coverage Test contained in Section 16(l) hereof.

  • For purposes of this subsection, “impracticable” means (x) such actions would not result in an increase in DTR Revenues that is sufficient to comply with the Rate Coverage Test, (y) the economic cost of taking such actions exceeds the economic benefit resulting from such actions or (z) the Borrower does not have sufficient available funds to pay the cost of taking such actions.

  • At any time when the Borrower is not in compliance with the Rate Coverage Test (whether in the current, or any future, Calculation Period after Substantial Completion), the Borrower shall not utilize any amounts in the Surplus Fund for any purpose other than those described in clauses [(i) through (vii) of Section 3.14(c)] of the Indenture (as of the date of this Agreement).

  • At any time when the Borrower is not in compliance with the Rate Coverage Test (whether in the current, or any future, Calculation Period), the Borrower shall not utilize any amounts in the Surplus Fund for any purpose other than those described in clauses (i) through (ix) of Section 3.14(c) of the Indenture (as of the date of this Agreement).

  • The Borrower shall not construct, operate, or enter into any agreement permitting or facilitating the construction or operation of, any toll roads or related road ways that will compete with the operations of the Dulles Toll Road in a manner that would materially and adversely affect the Borrower’s ability to comply with the Rate Coverage Test; provided that the operation and maintenance of the Dulles Airport Access Highway shall not be considered a competing facility.

Related to Rate Coverage Test

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Coverage Tests The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied to each specified Class or Classes of Secured Debt.

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.

  • Asset Coverage Test has the meaning given to it in Schedule 2 of the Guarantor Agreement;