Class A/B Coverage Tests definition
Class A/B Coverage Tests means the Class A/B Interest Coverage Test and the Class A/B Par Value Test.
Class A/B Coverage Tests. The Class A/B Overcollateralization Ratio Test and the Class A/B Interest Coverage Test.
Class A/B Coverage Tests means the Class A/B Interest Coverage Test and the Class A/B Par Value Test (as applicable with respect to the Class A Notes and Class B Notes).
More Definitions of Class A/B Coverage Tests
Class A/B Coverage Tests means the Class A/B Overcollateralization Test and the Class A/B Interest Coverage Test.
Class A/B Coverage Tests. The Par Value Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes and the Class B Notes collectively.
Class A/B Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Debt and the Class B Debt. “Class A Debt”: The Class A Notes and the Class A-2L Loans, collectively. “Class A Notes”: The Class A-1 Notes and the Class A-2 Notes, collectively. “Class A-1 Notes”: The Class A-1 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class A-2 Debt”: The Class A-2 Notes and the Class A-2L Loans, collectively. “Class A-2 Notes”: The Class A-2 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class A-2L Lender”: Each lender under the Class A-2L Loan Agreement, with respect to the Class A-2L Loans. “Class A-2L Loan Agreement”: The Class A-2L Loan Agreement, dated as of the Closing Date, among the Issuer, the Loan Agent and the Class A-2L Lender. 12 “Class A-2L Loans”: The Class A-2L Senior Secured Floating Rate Loans incurred pursuant to the Class A-2L Loan Agreement and having the characteristics specified therein. “Class B Debt”: The Class B Notes and the Class ▇-▇ Loans, collectively. “Class B Notes”: The Class B Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class ▇-▇ Lender”: Each lender under the Class ▇-▇ Loan Agreement, with respect to the Class ▇-▇ Loans. “Class ▇-▇ Loan Agreement”: The Class ▇-▇ Loan Agreement, dated as of the Closing Date, among the Issuer, the Loan Agent and the Class ▇-▇ Lender. “Class ▇-▇ Loans”: The Class ▇-▇ Senior Secured Floating Rate Loans incurred pursuant to the Class ▇-▇ Loan Agreement and having the characteristics specified therein. “Class Break-even Default Rate”: With respect to the Highest Ranking S&P Class: (a) prior to the S&P CDO Monitor Election Date, the rate equal to (a) C0 plus (b) the product of (x) C1 and (y) the Weighted Average Floating Spread plus (c) the product of (x) C2 and (y) the Weighted Average S&P Recovery Rate, where each of C0, C1 and C2 is equal to a transaction specific value provided by S&P; or (b) on and after the S&P CDO Monitor Election Date, the maximum percentage of defaults, at any time, that the Current Portfolio or the Proposed Portfolio, as applicable, can sustain, as determined through application of the applicable S&P CDO Monitor chosen by the Collateral Manager in accordance with this Indenture that is applicable ...
Class A/B Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Debt and the Class B Notes. “Class A-1 Notes”: The Class A-1 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class A-L Lenders”: The Class A-L-A Lenders and the Class A-L-B Lenders, collectively. “Class A-L Loan Agreements”: The Class A-L-A Loan Agreement and the Class A-L-B Loan Agreement, collectively. “Class A-L-AA-L Lender”: Each lender under the Class A-L-A Loan Agreement with respect to the Class A-L-AA-L Loans. “Class A-L-A Loan Account”: The account established pursuant to the Class A-L-A Loan Agreement. “Class A-L-A Loan Agent”: U.S. Bank Trust Company, National Association, as loan agent under the Class A-L-A Loan Agreement, and any successor thereto. “Class A-L-A Loan Agreement”: The loan agreement entered into as of the Closing Date by the Issuer, as borrower, the Class A-L-A Lenders party thereto and the Class A-L-A Loan Agent.
Class A/B Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Debt and the Class B Notes. “Class A-1 Notes”: The Class A-1 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class A-L Lenders”: The Class A-L-A Lenders and the Class A-L-B Lenders, collectively.
Class A/B Coverage Tests means the Interest Coverage Test and the Principal Coverage Test applied with respect to the Class A Notes and Class B Notes, taken together.
Class A/B Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes and the Class B Notes, collectively. “Class B Notes”: The Class B Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class B Refinancing Obligations”: The class or classes of refinancing obligations providing the Refinancing Proceeds used to redeem the Class B Notes, each Class of Secured Notes senior to such Class and each Pari Passu Class or Classes of Secured Notes. “Class C Coverage Tests”: The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.