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 means, with respect to any specified Class or Classes of Secured Notes as of any date of determination, the percentage derived from:

Examples of Overcollateralization Ratio in a sentence

• For purposes of calculating the Overcollateralization Ratio Tests, assets held by any Issuer Subsidiary that constitute Equity Securities will be treated as Equity Securities owned by the Issuer.

• For purposes of calculating the Overcollateralization Ratio Tests, assets held by any ETB Subsidiary that constitute Equity Securities will be treated as Equity Securities owned by the Issuer.

• For purposes of this Agreement, the Grid Column applicable at any time shall be the highest Grid Column for which each of the Borrowing Base Test, the Overcollateralization Ratio Test and each of the Collateral Quality Tests is satisfied.

• The Borrower or the Servicer, as applicable, shall specify the then applicable Grid Column in each Borrower Notice and each Monthly Report and shall give written notice of the applicable Grid Column to the Facility Agent and the Documentation Agent each other time when under the terms of this Agreement or another Transaction Document compliance with the Borrowing Base Test, the Overcollateralization Ratio Test or any Collateral Quality Test is required to be determined.

• For the avoidance of doubt, Notes may only be surrendered for cancellation in accordance with Section 2.9 and any Note that is purported to be surrendered by its Holder for cancellation without payment shall continue to remain "Outstanding" for all purposes under this Indenture, including without limitation the calculation of the Overcollateralization Ratio, until such Note otherwise ceases to be "Outstanding" in accordance with the terms of this definition.

More Definitions of Overcollateralization Ratio

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.

Overcollateralization Ratio means the percentage equivalent of a fraction, the numerator of which is the Principal Collateralization 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, 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. As of any Measurement Date, the ratio (expressed as a percentage) calculated by dividing (i) the Net Portfolio Collateral Balance on such Measurement Date by (ii)(A) the Outstanding Borrowings minus (B) the Account Amounts.

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. As of any date of determination, an amount expressed as a percentage equal to (i)(a) the Aggregate Outstanding Loan Balance as of such date plus (b) all amounts on deposit in the Principal Collections Account as of such date divided by (ii) Advances Outstanding as of such date.