Interest Coverage Test Date definition

Interest Coverage Test Date. The second Payment Date after the Closing Date.
Interest Coverage Test Date means the second Payment Date after the Closing Date. "Interest Coverage Tests" means, collectively, the Class A/B Interest Coverage Test, the
Interest Coverage Test Date means the Determination Date preceding each Payment Date occurring on or after the second Payment Date.

More Definitions of Interest Coverage Test Date

Interest Coverage Test Date means the [third] Payment Date after the Amendment
Interest Coverage Test Date. The Determination Date immediately preceding the second Payment Date following the 2024 Closing Date. "Interest Determination Date": The second U.S. Government Securities Business Day preceding the first day of each Interest Accrual Period. "Interest Only Obligation": Any obligation or security that does not provide in the related Underlying Instruments for the payment or repayment of a stated principal amount in one or more installments on or prior to its stated maturity.
Interest Coverage Test Date means the third Payment Date after the First Refinancing Date.
Interest Coverage Test Date means the second Payment Date after the 2024 Closing

Related to Interest Coverage Test Date

  • Interest Coverage Test A test that is satisfied with respect to any Class or Classes of Secured Debt as of the Determination Date immediately preceding the second Payment 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 are no longer Outstanding.

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Class C Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class C Interest Coverage Ratio is at least equal to 110.0 per cent.

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.