Class C Interest Coverage Ratio definition

Class C 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, 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 Debt 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 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, the Class B Notes and the Class C Notes.

Class C Interest Coverage Ratio means, as of any date of determination, the ratio of (x) to (y), where (x) is the Interest Coverage Amount for the related Due Period in which such date of determination occurs, and where (y) is an amount equal to the sum of (1) the Periodic Interest Amount for the Class A Notes for the Payment Date relating to such Due Period plus (2) the Periodic Interest Amount for the Class B Notes for the Payment Date relating to such Due Period plus (3) the Periodic Interest Amount for the Class C Notes for the Payment Date relating to such Due Period.

Examples of Class C Interest Coverage Ratio in a sentence

• For the purposes of calculating the Class C 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, 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.

• T R MannDirector BDO Audit Pty Ltd Brisbane, 20 February 2019 BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee.

• 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.

• To the extent permitted by law, the Customer waives any right to receive a copy of a verification statement under the PPSA and agrees to any contract between the Supplier and the Customer for the supply of goods governed by this Agreement to contract out of section 115(1) of the PPSA, except section 115(1)(g), to the intent that the Supplier will preserve its right to seize collateral.

• The “Class C Interest Coverage Test” will be made on each Measurement Date falling on or from the Effective Date to (and including) the seventeenth Interest Payment Date and will be satisfied if, on any such date, the Class C Interest Coverage Ratio is at least equal to 105.0 per cent and thereafter on each Measurement Date and will be satisfied if, on such date, the Class C Interest Coverage Ratio is at least equal to 115.0 per cent.

More Definitions of Class C Interest Coverage Ratio

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 on the Class A Notes, the Class B Notes and the Class C Notes on the following Payment Date.

Class C Interest Coverage Ratio means, as of any Measurement Date, the percentage obtained by dividing:

Class C Interest Coverage Ratio means, on any Measurement Date, the ratio (expressed as a percentage) obtained by dividing: (a) the Interest Coverage Amount by; (b) the aggregate of the scheduled interest payments payable on the Senior Notes, the Class B Notes and the Class C Notes on the following Payment Date (including any Commitment Fee and any Break Costs and, for the avoidance of doubt, any accrued interest payable on Deferred Interest).

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

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

Class C Interest Coverage Ratio. “Class D Interest Coverage Ratio” or “Class E Interest Coverage Ratio” means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

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: