Class A/B Interest Coverage Ratio definition

Class A/B Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes and the Class B Notes. For the purposes of calculating the Class A/B Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes and the Class B Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

Class A/B Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Interest Coverage Amount by (b) the scheduled interest payments due on the related Payment Date on the Class A Notes and the Class B Notes.

Class A/B Interest Coverage Ratio means, as of any Measurement Date after the Effective Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes and the Class B Notes (with Sterling amounts due in respect of Class A-1R Notes converted into Euro at the then current Spot Rate) and the amount of Class A-1R Commitment Fee then due. For the purposes of calculating the Class A/B Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes and the Class B Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

Examples of Class A/B Interest Coverage Ratio in a sentence

• For the purposes of calculating the Class A/B Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes and the Class B Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

• Interest Coverage Ratio means the Class A/B Interest Coverage Ratio, the Class C Interest Coverage Ratio, the Class D Interest Coverage Ratio and the Class E Interest Coverage Ratio.

• The "Class A/B Interest Coverage Test" will be met on any Measurement Date on which any Class A Notes or Class B Notes remain outstanding if the Class A/B Interest Coverage Ratio as of such Measurement Date is equal to or greater than 110.0%.

• On the Closing Date, the Class A/B Interest Coverage Ratio is expected to be approximately 116.98%.

• On the Closing Date, the Class A/B Interest Coverage Ratio is expected to be approximately 129.9%.

More Definitions of Class A/B Interest Coverage Ratio

Class A/B Interest Coverage Ratio means, as of each Interest Coverage Test Date, the ratio expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes and the Class B Notes.

Class A/B Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

Class A/B Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing:

Class A/B Interest Coverage Ratio means, as of any Measurement Date falling on or after the Effective Date, the ratio (expressed as a percentage) obtained by dividing:

Class A/B Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Interest Coverage Amount by

Class A/B Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date following the

Class A/B Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments on the Class A Notes (with Sterling and Dollar amounts due in respect of the Class A- R Notes converted into Euro at the then prevailing Spot Rate) and the Class B Notes and the amount of the Class A-R Commitment Fee and Class A-D Commitment Fee, in each case due on the next following Payment Date.