Class B Interest Coverage Test definition

Class B Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class 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 B Interest Coverage Ratio is at least equal to 110.00 per cent.

Class B Interest Coverage Test means the test which will be satisfied as of any Measurement Date on or following the Determination Date relating to the third Payment Date if, on such Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified in the definition of “Coverage Tests”.

Examples of Class B Interest Coverage Test in a sentence

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

• Each of the Class B Interest Coverage Test and the Class C Interest Coverage Test are collectively referred to as the “Mezzanine Interest Coverage Tests”.

• The “Class B Coverage Tests” will consist of the Class B Overcollateralization Test and the Class B Interest Coverage Test.

• Class B Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

• The Coverage Tests The Coverage Tests consist of the Class A Interest Coverage Test, the Class A Overcollateralization Test, the Class B Interest Coverage Test and the Class B Overcollateralization Test.

More Definitions of Class B Interest Coverage Test

Class B Interest Coverage Test means the test which shall be satisfied if as at any Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified in the definition of “Coverage Test”.

Class B Interest Coverage Test means the test which will be satisfied as of any Measurement Date falling on or after the Effective Date if, on such Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified for such ratio in the definition of “Coverage Tests”.

Class B Interest Coverage Test means, for so long as any Class A ST Notes, Class A LT Notes, Class A-1 Notes, Class A-2 Notes, Class B Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the second Distribution Date if the Class B Interest Coverage Ratio as of such Measurement Date is equal to or greater than 104.0%.

Class B Interest Coverage Test means the Interest Coverage Test as applied to the Class B Notes.

Class B Interest Coverage Test means the test which will be satisfied (i) as of any Measurement Date falling on or before the second Determination Date if, on such Measurement Date, the Class B Interest Coverage Ratio is at least 105 per cent. and (ii) as of any Measurement Date thereafter, the Class B Interest Coverage Ratio is at least 120 per cent.

Class B Interest Coverage Test means the test which will be satisfied as of any Measurement Date, if, on such Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified as applicable to such test in the Leverage Scenario Grid applicable as at such Measurement Date.

Class B Interest Coverage Test means, for so long as any Class A Notes or Class B Notes remain Outstanding, a test that is satisfied on any date of determination if the Class B Interest Coverage Ratio as of such date of determination is equal to or greater than 110%.