IC Ratio definition
IC Ratio means, on any date of determination during an Interest Accrual Period, the percentage derived from the following equation: (A – B) / C, where: A = the sum of (x) the amount on deposit in the Interest Collection Account and (y) the aggregate amount of scheduled payments expected to be received representing Interest Collections during such Interest Accrual Period;
IC Ratio means, on any date of determination during an Interest Accrual Period, the percentage derived from the following equation: (A – B) / C, where:
IC Ratio means, as of any date of determination, the percentage calculated by dividing (i) the Collateral Interest Amount as of such date by (ii) the aggregate interest paid or payable in respect of the Outstanding Principal Amount with respect to all Interest Payment Dates occurring in the period ending on the applicable Quarterly Reference Date; provided, on any date of determination prior to the four month anniversary of the Closing Date, the IC Ratio shall be deemed greater than 125.0% for purposes of determining whether an IC Ratio Breach has occurred.