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%.