Examples of Class E Interest Coverage Test in a sentence
The Issuer is not required to satisfy the Class C Interest Coverage Test, the Class D Interest Coverage Test or the Class E Interest Coverage Test until the second Payment Date.
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.
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%.
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.
The "Class E Interest Coverage Test" will be satisfied on any Measurement Date occurring on or after the first Distribution Date if the Class E Interest Coverage Ratio as of such Measurement Date is equal to or greater than 105.00%.