Overcollateralization Ratio definition
Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:
Overcollateralization Ratio. With respect to any specified Class or Classes of Secured Notes as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Secured Notes of such Class or Classes, each Priority Class of Secured Notes and each Pari Passu Class of Secured Notes.
Overcollateralization Ratio. With respect to any specified Class or Classes of Secured Debt as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Secured Debt of such Class or Classes, each Priority Class of Secured Debt and each Pari Passu Class of Secured Debt.
Examples of Overcollateralization Ratio in a sentence
In addition, the Issuer will use commercially reasonable efforts to acquire such Collateral Obligations that will satisfy, on the Effective Date, the Concentration Limitations, the Collateral Quality Test and each Overcollateralization Ratio Test.
More Definitions of Overcollateralization Ratio
Overcollateralization Ratio means, with respect to any specified Class or Classes of Secured Notes as of any date of determination, the percentage derived from:
Overcollateralization Ratio means the percentage equivalent of a fraction, the numerator of which is the Principal Coverage Amount and the denominator of which is the Borrower Liabilities.
Overcollateralization Ratio means, for any Measurement Date, with respect to any specified Class or Classes of Secured Notes, the number (expressed as a percentage) calculated by dividing:
Overcollateralization Ratio means, for any Measurement Date, with respect to any specified Class or Classes of Secured Notes (other than the Class X Notes), the number (expressed as a percentage) calculated by dividing:
Overcollateralization Ratio. With respect to any specified Class or Classes of Secured Debt as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of such Class or Classes (including, in the case of the Deferrable Notes, any accrued Deferred Interest that remains unpaid) and each Priority Class with respect to such Class or Classes of Secured Debt. For purposes of calculating the Overcollateralization Ratio, the Class A-1 Debt, the Class A-2 Notes and the Class B Notes shall be treated as a single Class.
Overcollateralization Ratio means, as of any date, each ratio, calculated in accordance with the applicable Rating Agency Guidelines, of (a) the Discounted Value of the Corporation’s assets to (b) the aggregate liquidation preference of outstanding Preferred Shares plus certain liabilities of the Corporation.
Overcollateralization Ratio means, as of any date of determination, (A) the sum, without duplication, of (1) the Aggregate Adjusted Borrowing Value as of such date (except if the Aggregate Adjusted Borrowing Value of an Eligible Collateral Loan is zero as a result of the application of clause (c) of the definition of Assigned Value, then such Eligible Collateral Loan shall instead be valued at its Fair Value for purposes of this clause (1)) plus (2) the Fair Value of all other Overcollateralization Assets as of such date divided by (B) the sum of Advances Outstanding plus the Unfunded Exposure Amount as of such date.