Coverage Test definition
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 Test means each of (i) the Maximum Advance Rate Test and (ii) the Interest Coverage Ratio 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 and each shall be satisfied on a Measurement Date if the corresponding Par Value Ratio or Interest Coverage Ratio (as the case may be) is at least equal to the percentage specified in the table below in relation to that Coverage Test.
Examples of Coverage Test in a sentence
The BDC may, but shall have no obligation to, at any time or from time to time contribute additional equity to the Borrower for any purpose, including for the purpose of curing any Default, satisfying any Coverage Test, enabling the acquisition or sale of any Loan or satisfying any conditions under Section 3.02.
More Definitions of Coverage Test
Coverage Test means each of (a) the Minimum OC Coverage Test and (b) the Interest Coverage Ratio Test.
Coverage Test has the meaning specified in Section 5.4(c).
Coverage Test means each of:
Coverage Test means the coverage test (test równowagi pokrycia) as defined in the Polish Covered Bonds Act, performed by the Bankruptcy Receiver to determine whether the Separate Bankruptcy Asset Pool is sufficient to satisfy all of the Bank's obligations towards all holders of outstanding covered bonds issued by the Bank in full;
Coverage Test means the Minimum OC Coverage Test and the Interest Coverage Ratio Test.
Coverage Test has the meaning given to it in Clause 25.16 (Guarantors).
Coverage Test means each of (a) the Borrowing Base Test and (b) the Equity Coverage Test.