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.
Interest Coverage Test. A test that is satisfied with respect to any Class or Classes of Notes as of the Determination Date immediately preceding the second Payment Date and any other date thereafter on which such test is required to be determined hereunder, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Notes are no longer outstanding.
Interest Coverage Test is defined in Section 6.19(c).
Examples of Interest Coverage Test in a sentence
Cash Contributions may be treated as Interest Proceeds if so directed by the holders of a Majority of the Preferred Shares where necessary (i) to cure or prevent any default or to permit the Interest Coverage Test to be satisfied, or if not satisfied, maintained or improved or (ii) to acquire a Workout Loan or Equity Security, and otherwise will be treated as Principal Proceeds; provided that any such designation shall be irrevocable.
More Definitions of Interest Coverage Test
Interest Coverage Test. A test that is satisfied as of any Determination Date if the Interest Coverage Ratio shall be equal to or greater than 150%.
Interest Coverage Test. A test that is satisfied as of the Interest Coverage Test Effective Date and any other date thereafter on which such test is required to be determined hereunder if (i) the Interest Coverage Ratio for the Class A Notes on such date is at least equal to the Required Interest Coverage Ratio or (ii) the Class A Notes are no longer outstanding.
Interest Coverage Test. The test that will be met as of any Measurement Date on which any Notes remain Outstanding if the Interest Coverage Ratio as of such Measurement Date is equal to or greater than 120.00%.
Interest Coverage Test means a test satisfied if, as of any ICR Determination Date, the Interest Coverage Ratio is at least 150%.
Interest Coverage Test means each of the Class I/II Interest Coverage Test, the Class III Interest Coverage Test and the Class IV Interest Coverage Test and “Interest Coverage Tests” shall be construed accordingly;
Interest Coverage Test. A test that is satisfied with respect to any specified Class or Classes of Secured Notes, if as of the Determination Date immediately preceding the third Payment Date, and at any date of determination occurring thereafter (i) the Interest Coverage Ratio for such Class or Classes is at least equal to the applicable Required Coverage Ratio for such Class or Classes, or (ii) such Class or Classes is no longer outstanding.
Interest Coverage Test means a test that is satisfied at any time on and after the third Payment Date after the Closing Date if the ratio of (A) the Collateral Interest Amount at such time for the three most recent Payment Dates, to (B) the sum of all amounts payable (or expected at such time to be payable) pursuant to clauses (A), (B), (C) and (D) in Section 9.01(a)(i) on the three most recent Payment Dates, is 250% or greater.