Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.
Interest Coverage Test is defined in Section 6.19(c).
Interest Coverage Test. A test that is satisfied with respect to any specified Class or Classes of Secured Notes, if as of the Determination Date immediately preceding the third Payment Date, and at any date of determination occurring thereafter (i) the Interest Coverage Ratio for such Class or Classes is at least equal to the applicable Required Coverage Ratio for such Class or Classes, or (ii) such Class or Classes is no longer outstanding.
Examples of Interest Coverage Test in a sentence
Cash cContributions may be treated as Interest Proceeds if so directed by the holders of athe Majority of the Preferred Shares to acquire a Workout Loan or Equity Security or where necessary to cure or prevent any default or to permit the Class A/B Interest Coverage Test to be satisfied, or if not satisfied, maintained or improved and otherwise will be treated as Principal Proceeds; provided that any such designation shall be irrevocable.
More Definitions of Interest Coverage Test
Interest Coverage Test. A test that is satisfied as of the Interest Coverage Test Effective Date and any other date thereafter on which such test is required to be determined hereunder if (i) the Interest Coverage Ratio for the Class A Notes on such date is at least equal to the Required Interest Coverage Ratio or (ii) the Class A Notes are no longer outstanding.
Interest Coverage Test. A test that is satisfied with respect to any Class or Classes of Secured Debt as of the Interest Coverage Test Effective Date and any other date thereafter on which such test is required to be determined hereunder if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Secured Debt are no longer outstanding.
Interest Coverage Test. A test that is satisfied as of any Determination Date if the Interest Coverage Ratio shall be equal to or greater than 150%.
Interest Coverage Test. The test that will be met as of any Measurement Date on which any Notes remain Outstanding if the Interest Coverage Ratio as of such Measurement Date is equal to or greater than 120.00%.
Interest Coverage Test. A test that is satisfied with respect to any specified Class as of any Measurement Date or other date of determination on, or subsequent to, the Determination Date occurring immediately prior to the second Payment Date, if (i) the applicable Interest Coverage Ratio is at least equal to the Required Interest Coverage Ratio for such Class or (ii) such specified Class of Secured Notes is no longer Outstanding.
Interest Coverage Test means a test satisfied if, as of any ICR Determination Date, the Interest Coverage Ratio is at least 150%.
Interest Coverage Test means each of the Class I/II Interest Coverage Test, the Class III Interest Coverage Test and the Class IV Interest Coverage Test and “Interest Coverage Tests” shall be construed accordingly;