Class D Coverage Tests definition

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

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

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

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.

• Class C-R2 Notes: The Class C-R2 Senior Secured Deferrable Floating Rate Notes issued pursuant to this Indenture on the Second Refinancing Date and having the characteristics specified in Section 2.3. Class D Coverage Tests: The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class D Notes.

• We are interested to see if the interaction between the product value and remanufacturing rates would impact the optimum admission decision.

• 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 distributions in respect of the Class E Subordinated 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.

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 Overcollateralization Test and the Class D Interest Coverage Test.

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 Principal Coverage 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 Overcollateralisation Ratio Test.

Class D Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class D Notes,. “Class D Notes”: The Class D Mezzanine Secured Deferrable Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Class D Refinancing Obligations”: The class or classes of refinancing obligations providing the Refinancing Proceeds used to redeem the Class D Notes, each Class of Secured Notes senior to such Class and each Pari Passu Class or Classes of Secured Notes. “Class E Notes”: The Class E Junior Secured Deferrable Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Clean-Up Call Purchase Price”: The meaning specified in Section 9.7(b). “Clean-Up Call Redemption”: The meaning specified in Section 9.7(a). “Clearing Agency”: An organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act. “Clearing Corporation”: (i) Clearstream, (ii) DTC, (iii) Euroclear and (iv) any entity included within the meaning of “clearing corporation” under Section 8-102(a)(5) of the UCC. “Clearing Corporation Security”: The securities that are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee. “Clearstream”: Clearstream Banking, société anonyme, a corporation organized under the laws of the Duchy of Luxembourg. “Closing Date”: June 29, 2021. “Closing Date Certificate”: An Officer’s certificate of the Issuer delivered on the Closing Date. “Closing Date Par Amount”: The amount designated as such in the Closing Date Certificate.