Additional Reinvestment Test definition

Additional Reinvestment Test means the test which will apply as of any Measurement Date on or after the Effective Date during the Reinvestment Period and which will be satisfied on such Measurement Date if the Class F Par Value Ratio is at least 104.46 per cent.
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Additional Reinvestment Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Additional Reinvestment Ratio is at least 106.28 per cent.
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Additional Reinvestment Test means the test which will apply as of any Payment Date on and after the Effective Date during the Reinvestment Period and which will be satisfied on such Payment Date if the Class F Par Value Ratio is at least 104.1 per cent.
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Examples of Additional Reinvestment Test in a sentence

  • The Notes may also be subject to redemption during the Reinvestment Period out of Interest Proceeds if and to the extent that the Additional Reinvestment Test is not satisfied on any Payment Date (if the Portfolio Manager determines that it is unable to identify additional Collateral Debt Obligations that it considers appropriate for investment).

  • Ratings on Collateral Debt ObligationsThe Collateral Quality Tests, the Portfolio Profile Tests, the Coverage Tests and the Additional Reinvestment Test are sensitive to variations in the ratings applicable to the underlying Collateral Debt Obligations.

  • The decision by any prospective Noteholder to invest in the Notes should be based, among other things (including, without limitation, the identity of the Portfolio Manager), on the Eligibility Criteria which each Collateral Debt Obligation is required to satisfy, as disclosed in this Prospectus, and on the Portfolio Profile Tests, Collateral Quality Tests, the Additional Reinvestment Test and the Coverage Tests.

  • Additionally, a Special Redemption may apply in respect of Interest Proceeds if the Additional Reinvestment Test is not met and the Portfolio Manager determines that it is unable to identify additional suitable Collateral Debt Obligations for reinvestment.

  • In addition, if any Coverage Test or the Additional Reinvestment Test fails, amounts that would otherwise be distributed to the holders of the Subordinated Notes on any Payment Date may be paid to other investors (or reinvested, as applicable) in accordance with the Priorities of Payments.

  • It is possible that many credit ratings of Collateral Debt Obligations that the Issuer holds from time to time will be subject to significant or severe adjustments downward.The Collateral Quality Tests, the Portfolio Profile Tests, the Coverage Tests and the Additional Reinvestment Test are sensitive to variations in the ratings applicable to the underlying Collateral Debt Obligations.

  • The State Purchasing Director may invite representatives of local government and local common education entities to participate as members of the advisory committee.

  • The Collateral Quality Tests, the Portfolio Profile Tests , the Coverage Tests and the Additional Reinvestment Test are sensitive to variations in the ratings applicable to the underlying Collateral Debt Obligations.

  • On any Payment Date, sufficient funds may not be available (including as a result of a failure of any of the Coverage Tests or the Additional Reinvestment Test) to make payments to the holders of the Subordinated Notes in accordance with the Priorities of Payments.

  • The Notes may also be subject to redemption during the Reinvestment Period out of Interest Proceeds if and to the extent that the Additional Reinvestment Test is notsatisfied on any Determination Date (if the Portfolio Manager determines that it is unable to identify additional Collateral Debt Obligations that it considers appropriate for investment).


More Definitions of Additional Reinvestment Test

Additional Reinvestment Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Additional Reinvestment Ratio is at least equal to the percentage specified as applicable to such test in the Leverage Scenario Grid applicable as at such Measurement Date.
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Related to Additional Reinvestment Test

  • Property Reinvestment Application means, with respect to any asset disposition, the application of the Net Proceeds Amount (or a portion thereof) with respect to such asset disposition to the acquisition by the Company or any Subsidiary of fixed or capital assets of the Company or any Subsidiary to be used in the business of such Person.

  • Alternative Compliance Payment or "ACP" means a payment of a certain dollar amount per megawatt hour, which a Retail Electricity Supplier may submit in lieu of supplying the minimum percentage of RECs required under Section 3.3.5 of this Regulation.

  • Dividend Reinvestment Acquisition means an acquisition of Voting Shares pursuant to a Dividend Reinvestment Plan;

  • Solar alternative compliance payment or "SACP" means a

  • Dividend Reinvestment Plan means a regular dividend reinvestment or other plan of the Corporation made available by the Corporation to holders of its securities where such plan permits the holder to direct that some or all of:

  • Fit test means the use of a protocol to qualitatively or quantitatively evaluate the fit of a respirator on an individual.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate amount of Net Cash Proceeds received by the Borrower or a Restricted Subsidiary in connection therewith that are not applied to prepay the Term Loans as a result of the delivery of a Reinvestment Notice.

  • Reinvestment Plan means the distribution reinvestment plan for the ETFs, as described under the heading “Distribution Policy – Distribution Reinvestment Plan”;

  • Reinvestment has the meaning set forth in Section 2.2.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Independent testing laboratory means an independent organization, accepted by the Contracting Officer, engaged to perform specific inspections or tests of the work, either at the site or elsewhere, and report the results of these inspections or tests.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.