Coverage Tests definition
Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied to each specified Class or Classes of Secured Debt.
Coverage Tests means each of the Overcollateralization Ratio Test and the Interest Coverage Ratio Test.
Coverage Tests means, collectively, the Class A/B Coverage Tests, the Class C Coverage Tests, the Class D Coverage Tests and the Class E Overcollateralization Test.
Examples of Coverage Tests in a sentence
The proceeds of each Additional Equity Issuance shall be treated as Interest Proceeds and/or Principal Proceeds at the reasonable discretion of the Asset Manager (on behalf of the Issuer) and may be used to cure the failure to satisfy any Coverage Tests, acquire additional Underlying Assets and Eligible Investments, enter into Hedge Agreements and pay expenses related to such issuance.
More Definitions of Coverage Tests
Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test.
Coverage Tests. The Class A/B Coverage Tests, the Class C/D/E Coverage Tests and the Class F/G/H Coverage Tests.
Coverage Tests means the Par Value Tests and the Interest Coverage Tests. For purposes of the Coverage Tests:
Coverage Tests. “Eligibility Criteria”, “First Lien/Last Out Loan”, “Lender Advance Rate”, “Lender Advance Rate LTV Trigger”, “Majority Lenders”, “Market Trigger”, “Principal Collateralization Amount”, “Recurring Revenue Loan”, “Second Lien Loan”, “Senior Secured Bond”, “Senior Secured Loan”, or any defined term used therein, in each case in a manner which would have the effect of making additional credit available to the Borrower, or making such provision less restrictive on the Borrower in any other material fashion or (ii) any agreement to the direct or indirect subordination of any lien or claim securing the Obligations in connection with this Agreement.
Coverage Tests 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 F Par Value Test.
Coverage Tests. The Class A/B Overcollateralization Ratio Test and the Class A/B Interest Coverage Test.
Coverage Tests means the Class A Coverage Tests, the Class B Coverage Tests, the Class C Coverage Tests and the Class D/E Coverage Tests, each of which shall be satisfied on a Measurement Date if the corresponding Par Value Ratio or Interest Coverage Ratio (as specified below) is at least equal to the percentage specified in the table below in relation to that Coverage Test.