Class C Interest Coverage Test definition

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 C Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class C Interest Coverage Test means, as of any date of determination on and after the Calculation Date relating to the second Payment Date, a test that is satisfied on such date of determination if the Class C Interest Coverage Ratio equals or exceeds 112.5% on such date of determination.

Examples of Class C Interest Coverage Test in a sentence

• The "Class C Coverage Tests" will consist of the Class C Overcollateralization Test and the Class C Interest Coverage Test.

• In addition, to a lesser extent, an increase in scope, including the Honiara ATC tower renovation works and advisory consultancy, the Solomon Airlines Strategic Options Analysis, and the sealing of 0.9 km for bridge approach, has contributed to the cost overruns of SIRAP.

• The Issuer is not required to satisfy the Class C Interest Coverage Test, the Class D Interest Coverage Test or the Class E Interest Coverage Test until the second Payment Date.

• The “Coverage Tests” will consist of the Class A/B Overcollateralization Test and the Class A/B Interest Coverage Test (together, the “Class A/B Coverage Tests”) and the Class C Overcollateralization Test and the Class C Interest Coverage Test (together, the “Class C Coverage Tests”).

• Each of the Class B Interest Coverage Test and the Class C Interest Coverage Test are collectively referred to as the “Mezzanine Interest Coverage Tests”.

More Definitions of Class C Interest Coverage Test

Class C Interest Coverage Test means the Interest Coverage Test as applied to the Class C Notes.

Class C 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 C Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class C Interest Coverage Test means the test which will be satisfied if, as of the Measurement Date prior to the first Payment Date, the Class C Interest Coverage Ratio is equal to or greater than 110.00% and, as of any Measurement Date thereafter, the Class C Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class C Interest Coverage Test means the test which shall be satisfied if as at any Measurement Date, the Class C Interest Coverage Ratio is at least equal to the percentage specified in the definition of “Coverage Test”.

Class C Interest Coverage Test means a test satisfied on any Measurement Date occurring on or after the Closing Date and on which any Class C Notes remain outstanding if the Class C Interest Coverage Ratio on such Measurement Date is equal to or greater than 112.5%.

Class C Interest Coverage Test. The Interest Coverage Test, as applied with respect to the Class C Notes.

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