Class C Coverage Tests definition

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

Class C Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.

Class C Coverage Tests. The Par Value Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.

Examples of Class C Coverage Tests in a sentence

• The "Class C Coverage Tests" will consist of the Class C Overcollateralization Test and the Class C Interest Coverage Test.

• It was recommended that the entire process, from beginning to end, had to be significantly redesigned.

• A) from Interest Proceeds, if either of the Class D Coverage Tests is not satisfied as of the related Determination Date and the Class A Coverage Tests, the Class B Coverage Tests and the Class C Coverage Tests are satisfied as of such Determination Date and no payments were made on the related Payment Date to (x) the Holders of the Senior Notes pursuant to subclause G.

• The Class C Coverage Tests The “Class C Coverage Tests” are the Class C Overcollateralization Test and the Class C Interest Coverage Test.

• Following the payment in full of all of the Class A Notes, if any of the Class C Coverage Tests, Class D Coverage Tests, Class E Coverage Tests or Class F Coverage Tests are not satisfied, the Class B Notes will be subject to mandatory redemption until the applicable Coverage Test is satisfied or the Class B Notes have been paid in full.

More Definitions of Class C Coverage Tests

Class C Coverage Tests means the Class C Overcollateralization Test and the Class C Interest Coverage Test.

Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test. “Class C Deferred Interest” has the meaning given to it in Condition 6(c) (Deferral of Interest).

Class C Coverage Tests means the Class C Par Value Test and the Class C Interest Coverage Test. “Class C Floating Rate of Interest” has the meaning given thereto in Condition 6 (Interest).

Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test."Class C 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 the Interest Coverage Amount by the scheduled interest payments due (but not yet received) on the Class A Notes, the Class B Notes and the Class C Notes. For the purposes of calculating the Class C Interest Coverage Ratio, the expected interest income on Collateral Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes and the Class C Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date. "Class C Interest Coverage Test" means the test which will apply as of any Measurement Date occurring on andafter the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class C Interest Coverage Ratio is at least equal to 105.0 per cent.

Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Principal Coverage Test.

Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Overcollateralisation Ratio Test.

Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Coverage Test. "Class D Coverage Tests" means the Class D Interest Coverage Test and the Class D Par Coverage Test. "Interest Reinvestment Test" means a test satisfied, as of the Effective Date and each Determination Datethereafter, if the Par Coverage Ratio calculated for the related Tested Classes is at least equal to the minimum percentage specified in the table above.