Class D Coverage Tests definition

Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Value Test.
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Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Overcollateralization Test.
Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Overcollateralisation Test.

Examples of Class D Coverage Tests in a sentence

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

If the Class D Coverage Tests are not satisfied on any Determination Date relating to a Payment Date, then funds that would otherwise be used to make interest payments in respect of the Class E Notes will be used to redeem, first, the Class A-1 Notes, second, the Class A-2 Notes, third, the Class B Notes, fourth, the Class C Notes, and, fifth, the Class D Notes until the Class D Coverage Tests are satisfied.

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.

Payments of interest on each Class of Notes will be subordinated to payments of interest on each Class of Notes (if any) ranking in prioritythereto pursuant to the Note Payment Sequence and payments of principal on each Class of Notes will be subordinated to payments of principal on each Class of Notes (if any) ranking in priority thereto pursuant to the Note Payment Sequence (other than in the case of a breach of either of the Class D Coverage Tests).

On any Payment Date on which any of the Class C Coverage Tests, Class D Coverage Tests, Class E Coverage Tests, Class F Coverage Tests or Class G Coverage Tests are not satisfied, the Class A Notes will be subject to mandatory redemption (a “Mandatory Redemption”) until the applicable Coverage Test is satisfied or the Class A Notes have been paid in full.


More Definitions of Class D Coverage Tests

Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Value Test. “Class D Deferred Interest” has the meaning given to it in Condition 6(c) (Deferral of Interest).
Class D Coverage Tests means the Class D Par Value Test and the Class D Interest Coverage Test. “Class D Floating Rate of Interest” has the meaning given thereto in Condition 6 (Interest).
Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Overcollateralisation Ratio Test.
Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Value Test. “Class D Interest Coverage Ratio” means, as of any Measurement Date, the percentage obtained bydividing:
Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Coverage Test. Americas 91054390 Appendix 35