Interest Coverage Ratio Test definition
Interest Coverage Ratio Test means a test satisfied on any Measurement Date following the first Quarterly Payment Date if the Interest Coverage Ratio is greater than or equal to 130.0% on such date.
Interest Coverage Ratio Test means a test that is satisfied at any time if the Interest Coverage Ratio is greater than or equal to 150%.
Interest Coverage Ratio Test means a test applicable hereunder on and after the Determination Date on September 30, 2011 and that is satisfied at any such time if the Interest Coverage Ratio as calculated on the most recent Determination Date as of the end of the most recent Collection Period was greater than or equal to 125%.
Examples of Interest Coverage Ratio Test in a sentence
The Servicer may only exercise a warrant or right to acquire securities held in the Collateral by use of Interest Proceeds (provided that the Interest Coverage Ratio Test is satisfied after such application) or a contribution designated as Interest Proceeds for such purpose under Section 6.5; provided, for the avoidance of doubt, such received securities shall be treated as Equity Securities.
More Definitions of Interest Coverage Ratio Test
Interest Coverage Ratio Test means a test that is satisfied at any such time if the Interest Coverage Ratio as calculated on the most recent Determination Date as of the end of the most recent Collection Period was greater than or equal to 125%.
Interest Coverage Ratio Test means a test that is satisfied at any time if the ratio of (A) the Collateral Interest Amount at such time, to (B) the sum of all amounts payable (or expected at such time to be payable) on the following Payment Date pursuant to clauses (A), (B), (C), (D), and (E) in Section 9.01(a)(i), is greater than 150%.
Interest Coverage Ratio Test. “Maximum Advance Rate Test”, “Maximum Available Amount”, “Minimum Equity Amount”, “Portfolio Quality Test”, “Weighted Average Spread Test”, “Weighted Average Life Test”, “Weighted Average Risk Factor Rating Test”, “Weighted Average Senior Debt Ratio Test”, “Weighted Average TTM EBITDA Test”, “Weighted Average Total Debt Ratio Test”, “Weighted Average Loan to Enterprise Value Test”, “Weighted Average Debt to TTM Recurring Revenue Test”, “Weighted Average Recurring Revenue Loan to Enterprise Value Test”, or in any defined term used therein, in each case in a manner which would have the effect of making more credit available to the Borrower, be adverse to the interests of Lenders or less restrictive on the Borrower in any other material fashion, or (i) extend the Reinvestment Period.
Interest Coverage Ratio Test. “Minimum Equity Amount”, “Collateral Quality Test” or any Collateral Quality Test set forth therein or component thereof defined therein, “Collateral Loan”, “Eligible Collateral Loan” or any defined terms used therein, or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof, (h) extend the Reinvestment Period, (i) permit the formation of any subsidiary of the Borrower or (j) result in the direct or indirect subordination of the Obligations and/or the security interest and lien upon the Collateral that is granted by any Borrower in accordance with this Agreement.
Interest Coverage Ratio Test. “Minimum Equity Amount,” “Class 1 Loan,” “Class 2A Loan,” “Class 2B3 Loan” or, “Class 34 Loan” or “Class 5 Loan” or any material component thereof defined therein (in each case, other than any administrative, non-material amendment agreed to by the Borrower and the Administrative Agent), (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case to the extent such amendment, modification, waiver or supplement relates to such Lender.
Interest Coverage Ratio Test. “Minimum Equity Amount”, “Collateral Quality Test” or any Collateral Quality Test set forth therein or component thereof defined therein, “Collateral Loan”, “Eligible Collateral Loan” or any defined terms used therein, or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof, or (h) extend the Reinvestment Period.
Interest Coverage Ratio Test means, with respect to any Remittance Period, a test that will be satisfied if the Interest Coverage Ratio for such Remittance Period is greater than or equal to 150%.