Examples of Class E Par Value Test in a sentence
The Class E Par Value Test only applies following the expiry of the Reinvestment Period.
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 payment of principal and interest on any Class of Notes generally may not be made until all payments of principal and interest due and payable at such time on any Classes of Notes ranking in priority thereto pursuant to the Priorities of Payment have been made in full except in the case where the Class E Par Value Test is not satisfied, in which event the Class E Notes may be redeemed in priority to the more senior Classes of Notes in accordance with the Priorities of Payment.
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).