BDC Asset Coverage Test definition

BDC Asset Coverage Test means a test that is satisfied as of any date of determination if the "asset coverage" ratio for the Transferor, as determined in accordance with Section 18 of the 1940 Act, is greater than or equal to 2.00:1.00."
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BDC Asset Coverage Test to conform the permitted level to such new lowest “asset coverage ratio,” and the Administrative Agent fails to consent to such amendment.
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BDC Asset Coverage Test means a test that is satisfied as of any date of determination if the “asset coverage” ratio for the Transferor, as determined in accordance with Section 18 of the 1940 Act, is less than or equal to 2.00:1.00.
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Related to BDC Asset Coverage Test

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

  • 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.

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

  • Class A/B Coverage Tests means the Class A/B Interest Coverage Test and the Class A/B Par Value Test.