Overcollateralisation Ratio definition
Overcollateralisation Ratio means the Class A/B Overcollateralisation Ratio, the Class C Overcollateralisation Ratio and the Class D Overcollateralisation Ratio.
Overcollateralisation Ratio means the Senior Overcollateralisation Ratio or the Class C Overcollateralisation Ratio or the Class D Overcollateralisation Ratio or the Class E Overcollateralisation Ratio (as applicable);
Overcollateralisation Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Net Portfolio Collateral Balance by the aggregate of the principal amount then Outstanding under the Senior Notes (converted where appropriate to Euros at the Spot Rate).
Examples of Overcollateralisation Ratio in a sentence
The "Class A Overcollateralisation Test" will be satisfied on any Measurement Date if the Class A Overcollateralisation Ratio is at least equal to 105 per cent.