Senior Interest Coverage Test definition

Senior Interest Coverage Test means the test which shall be satisfied if, as at the Measurement Date, the Senior Interest Coverage Ratio is at least 115 per cent.
View Source
Senior Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Senior Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Senior Coverage Test".
View Source
Senior Interest Coverage Test means, as of any date of determination after the third Payment Date, a test that is satisfied on such date of determination if the Senior Interest Coverage Ratio equals or exceeds 120.0% on such date of determination.
View Source

More Definitions of Senior Interest Coverage Test

Senior Interest Coverage Test means the test which will be satisfied as of any Measurement Date, if, on such Measurement Date, the Senior Interest Coverage Ratio is at least 140 per cent.
View Source
Senior Interest Coverage Test means, for so long as any Class A-1 Notes or Class A-2 Notes remain Outstanding, a test satisfied if the Senior Interest Coverage Ratio as of such Measurement Date is equal to or greater than (i) [**] on the Effective Date and (ii) [**] on any Measurement Date thereafter.
View Source
Senior Interest Coverage Test means the test which will be satisfied if, as of any Measurement Date on or after the second Payment Date occurring after the Issue Date, the Senior Interest Coverage Ratio is at least equal to the percentage specified in the definition of “Coverage Test”.
View Source
Senior Interest Coverage Test means the test which shall be satisfied as at any Measurement Date, if on such Measurement Date, the Senior Interest Coverage Ratio is at least 130.00 per cent.
View Source
Senior Interest Coverage Test means, for so long as any Senior Notes remain outstanding, a test satisfied on any Measurement Date occurring (i) on or after the Closing Date and prior to the Payment Date occurring in May 2010, if the Senior Interest Coverage Ratio as of such Measurement Date is equal to or greater than 115.0% and
View Source
Senior Interest Coverage Test means the test which shall be satisfied if as at the Effective Date and any subsequent Measurement Date the Senior Interest Coverage Ratio is at least 125.0 per cent.
View Source

Related to Senior Interest 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.

  • Class C 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 C Interest Coverage Ratio is at least equal to 110.0 per cent.

  • 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 120.00 per cent.

  • Class D 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 D Interest Coverage Ratio is at least equal to 105.0 per cent.

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