Class D Par Value Test definition

Class D Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class D Par Value Test means the test which will apply as of any Measurement Date on or after the Effective Date and which will be satisfied on such Measurement Date if the Class D Par Value Ratio is at least equal to 117.71 per cent.

Class D Par Value Test means the test which shall be satisfied if, as at any Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified in the definition of “Coverage Test”.

Examples of Class D Par Value Test in a sentence

• Coverage Tests The Coverage Tests will consist of (i) the Class D Par Value Test; (ii) the Class D Interest Coverage Test; (iii) the Class E Par Value Test and (iv) the Class E Interest Coverage Test.

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

• Par Value Ratio means the Class A Par Value Ratio, the Class B Par Value Ratio, the Class C Par Value Ratio, the Class D Par Value Ratio or the Class E Par Value Ratio (as applicable).Par Value Test means the Class A Par Value Test, the Class B Par Value Test, the Class C Par Value Test, the Class D Par Value Test or the Class E Par Value Test (as applicable).

• Par Value Test means the Class A/B Par Value Test, the Class C Par Value Test, the Class D Par Value Test or the Class E Par Value Test (as applicable).

More Definitions of Class D Par Value Test

Class D Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class D Par Value Ratio is at least equal to 109 per cent.

Class D Par Value Test means the test which will apply as of any Measurement Date on and after the Effective Date and which will be satisfied on such Measurement Date, if the Class D Par Value Ratio is at least 115.9 per cent.

Class D Par Value Test means the test which will apply as of any Determination Date on or after the Effective Date and which will be satisfied on such Determination Date if the Class D Par Value Ratio is at least equal to 108.24 per cent.

Class D Par Value Test means the test which shall be satisfied if as at the Measurement Date the Class D Par Value Ratio is at least 101.20 per cent.

Class D Par Value Test means the test which will be satisfied as of any Measurement Date if falling on or after the Effective Date, on such Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Tests".

Class D Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified as applicable to such test in the Leverage Scenario Grid applicable as at such Measurement Date.

Class D Par Value Test. The test that is met as of any Measurement Date on which any Class D Notes remain outstanding if the Class D Par Value Ratio on such Measurement Date is equal to or greater than 145%.