Class E Interest Coverage Ratio definition

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes. For the purposes of calculating the Class E Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on each of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes on the next following Payment Date.

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

Examples of Class E Interest Coverage Ratio in a sentence

• For the purposes of calculating the Class E Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and Class E Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

• The “Class E Interest Coverage Test” will be satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date and on which any Class E Notes remain outstanding if the Class E Interest Coverage Ratio on such Measurement Date is equal to or greater than 102.5%.

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

• The Class E Interest Coverage Test: The “Class E Interest Coverage Test” is applicable on and after the second Distribution Date until the Class E Notes are retired and all amounts payable in respect thereof are paid, and is satisfied if the Class E Interest Coverage Ratio is at least equal to 107.5%.

• The “Class E Interest Coverage Test” means, for so long as any Class A ST Notes, Class A LT Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the second Distribution Date following the Ramp-Up Effective Date if the Class E Interest Coverage Ratio as of such Measurement Date is equal to or greater than 100%.

More Definitions of Class E Interest Coverage Ratio

Class E Interest Coverage Ratio means, as of any date of determination, the ratio of (x) to (y), where (x) is the Interest Coverage Amount for the related Due Period in which such date of determination occurs, and where (y) is an amount equal to the sum of (1) the Periodic Interest Amount for the Class A Notes for the Payment Date relating to such Due Period plus (2) the Periodic Interest Amount for the Class B Notes for the Payment Date relatingto such Due Period plus (3) the Periodic Interest Amount for the Class C Notes for the Payment Date relating to such Due Period plus (4) the Periodic Interest Amount for the Class D Notes for the Payment Date relating to such Due Period plus (5) the Periodic Interest Amount for the Class E Notes for the Payment Date relating to such Due Period.

Class E Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing:

Class E Interest Coverage Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Numerator by the sums of the Euro Equivalent of the scheduled interest payments, Class A-2 Commitment Fees and any Class A-2 Break Funding Costs each calculated at the Spot Rate of exchange on such Measurement Date due and payable on the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes on the next following Payment Date.

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Rated Notes as at such Measurement Date.

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the sum of the scheduled interest payments due on the Rated Notes, other than the Class S Notes, on the next following Payment Date and all Commitment Fees due on that Payment Date.

Class E Interest Coverage Ratio means, on any Measurement Date, the ratio (expressed as a percentage) of (i) to (ii), where (i) is equal to the Interest Coverage Amount as of such Measurement Date and where (ii) is the sum of the Periodic Interest for the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes for the Payment Date immediately following such Measurement Date; provided that the Interest Coverage Amount shall be calculated after giving effect to any scheduled payment to the Interest Reserve Account for such Payment Date immediately following such Measurement Date.

Class E Interest Coverage Ratio means the ratio (expressed as a percentage) obtained by dividing: