Class C Overcollateralization Test definition

Class C Overcollateralization Test means the Overcollateralization Test as applied to the Class C Notes.

Class C Overcollateralization Test means a test satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date and on which any Class C Notes remain outstanding if the Class C Overcollateralization Ratio on such Measurement Date is equal to or greater than 110.42%.

Class C Overcollateralization Test means the test which will apply as of any Measurement Date and which will be satisfied on such Measurement Date if the Class C Overcollateralization Ratio is at least equal to 106.6 per cent.

Examples of Class C Overcollateralization Test in a sentence

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

• The Overcollateralization TestsThe "Overcollateralization Tests" will consist of the Class A/B Overcollateralization Test, the Class C Overcollateralization Test, the Class D Overcollateralization Test and the Class E Overcollateralization Test.

• The “Coverage Tests” will consist of the Class A/B Overcollateralization Test and the Class A/B Interest Coverage Test (together, the “Class A/B Coverage Tests”) and the Class C Overcollateralization Test and the Class C Interest Coverage Test (together, the “Class C Coverage Tests”).

• The Overcollateralization Tests The "Overcollateralization Tests" will consist of the Class A Overcollateralization Test, the Class B Overcollateralization Test, the Class C Overcollateralization Test and the Class D Overcollateralization Test.

• The Class A Interest Coverage Test, the Class B Interest Coverage Test, the Class C Interest Coverage Test and the Class D Interest Coverage Test are referred to herein collectively as the "Interest Coverage Tests" and the Class A Overcollateralization Test, the Class B Overcollateralization Test, the Class C Overcollateralization Test and the Class D Overcollateralization Test are referred to herein collectively as the "Overcollateralization Tests".

• Article 3 - Paragraph 8 A new paragraph 8 is inserted in Article 3, with the aim of defining precisely the words “by electronic means” introduced in the Directive.

• The “Coverage Tests” will consist of the Senior Overcollateralization Test and the Senior Interest Coverage Test (together, the “Senior Coverage Tests”), the Class C Overcollateralization Test and the Class C Interest Coverage Test (together, the “Class C Coverage Tests”), and the Class D Overcollateralization Test and the Class D Interest Coverage Test (together, the “Class D Coverage Tests”).

• The "Overcollateralization Tests" will consist of the Class AOvercollateralization Test, the Class B Overcollateralization Test and the Class C Overcollateralization Test.

• The "Class C Overcollateralization Test" will be satisfied as of any Measurement Date if the Class C Overcollateralization Percentage is at least 104.5%.

• The "Class C Overcollateralization Test" will be satisfied as of any Measurement Date if the Class C Overcollateralization Percentage is at least 103.4%.

More Definitions of Class C Overcollateralization Test

Class C Overcollateralization Test means, for so long as any Class A Notes, Class B Notes or Class C Notes remain Outstanding, a test satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date if the Class C Overcollateralization Ratio on such Measurement Date is equal to or greater than [**].

Class C Overcollateralization Test means a test that, for so long as any of the Class A Notes, Class B Notes or Class C Notes remain Outstanding, will be satisfied on any Measurement Date occurring on or after the Closing Date if the Class C Overcollateralization Ratio on such Measurement Date is equal to or greater than 100.78%.

Class C Overcollateralization Test means, for so long as any Class C Notes remain Outstanding, a test satisfied on any Measurement Date occurring on or after the Effective Date if the Class C Overcollateralization Ratio on such Measurement Date is equal to or greater than [**].

Class C Overcollateralization Test. A test that will be satisfied on any Measurement Date if the Class C Overcollateralization Ratio is at least equal to the specified Required Level indicated in the table in the definition of "Overcollateralization Test."

Class C Overcollateralization Test. On any date of determination on which any Class C Notes remain Outstanding, a test that is satisfied if the Class C Overcollateralization Ratio on such date of determination equals or exceeds 129.90%.