Class E Coverage Tests definition

Class E Coverage Tests means the Class E Interest Coverage Test and the Class E Par Value Test.
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Class E Coverage Tests means the Class E Overcollateralization Test and the Class E Interest Coverage Test.
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Class E Coverage Tests. The Par Value Ratio Test and the Interest Coverage Test, each as applied with respect to the Class E Notes.
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Examples of Class E Coverage Tests in a sentence

  • Despite Synflex’s completion of various milestones under the construction contracts, ATM was slow to remit payments.

  • Principal in respect of any Class A-R Advance may be repaid on any Business Day provided that the Class E Coverage Tests are satisfied (save where the Notes are to be redeemed in full, in which event principal shall be repaid in accordance with the Priorities of Payment).

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

  • Following the payment in full of all of the Class A Notes, if any of the Class C Coverage Tests, Class D Coverage Tests, Class E Coverage Tests or Class F Coverage Tests are not satisfied, the Class B Notes will be subject to mandatory redemption until the applicable Coverage Test is satisfied or the Class B Notes have been paid in full.

  • Following the payment in full of all of the Class B Notes, if 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 C-FX Notes and the Class C-FL Notes will be subject to mandatory redemption pro rata (based on their respective outstanding Note Balance) until the applicable Coverage Test is satisfied or the Class C-FX Notes and the Class C-FL Notes have been paid in full.

  • In addition, Interest Proceeds will be used to pay principal on the Class E Notes to cure a failure of the Class E Coverage Tests.

  • Following the payment in full of all of the Class C Notes, if any of the Class D Coverage Tests, the Class E Coverage Tests or the Class F Coverage Tests are not satisfied, the Class D-FX Notes and the Class D-FL Notes will be subject to mandatory redemption pro rata (based on their respective outstanding Note Balance), until the applicable Coverage Test is satisfied or the Class D-FX Notes and the Class D-FL Notes have been paid in full.

  • On any Payment Date on which any of the Class C Coverage Tests, Class D Coverage Tests, Class E Coverage Tests or the Class F 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.

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

  • 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 E Coverage Tests

Class E Coverage Tests means the Class E Interest Coverage Test and the Class E Par Value Test. “Class E Interest Coverage Ratio” means, as of any Measurement Date, the percentage obtained bydividing:
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Class E Coverage Tests means the Class E Interest Coverage Test and the Class E Par Value Test. "Class E Deferred Interest" has the meaning given to it in Condition 6(c)(i) (Deferred Interest).
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Class E Coverage Tests means the Class E Par Value Test and the Class E Interest Coverage Test. “Class E Floating Rate of Interest” has the meaning given thereto in Condition 6 (Interest andCommitment Fees).
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Class E Coverage Tests means the Class E Interest Coverage Test and the Class E Principal Coverage Test.
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Class E Coverage Tests means the Interest Coverage Test and the Principal Coverage Test applied to the Class E Notes.
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Class E Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class E Notes.
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Related to Class E Coverage Tests

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

  • Class A/B Coverage Tests means the Class A/B Interest Coverage Test and the Class A/B Par Value Test.

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

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Coverage Tests The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied to each specified Class or Classes of Secured Debt.

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Class D Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class D Interest Coverage Ratio is at least equal to 105.0 per cent.

  • Class C Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class C Interest Coverage Ratio is at least equal to 110.0 per cent.

  • Asset Coverage Test has the meaning given to it in Schedule 2 of the Guarantor Agreement;

  • Site Coverage means ratio expressed in percentage between the area covered by the ground floor of building and the area of the site;

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

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

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Weighted Average Life Test means, as of any date of determination, that the Weighted Average Life of all Eligible Loan Assets is equal to or less than 6.0 years.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • Coverage Term All insurance required herein shall be maintained in full force and effect until Work required to be performed under the terms of the Contract are satisfactorily completed and formally accepted; failure to do so may constitute a material breach of this Contract, at the sole discretion of the TOWN. In the event any insurance policy(ies) required by this contract is(are) written on a “claims made” basis, coverage shall extend for two(2) years past completion and acceptance of the CONTRACTOR’s work or services, as evidenced by annual Certificates of Insurance.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibility conditions listed in Clause [5] of the Tender Document.

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.