Class D Interest Coverage Ratio definition

Class D Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes on the following Payment Date. For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

Class D Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes.

Class D Interest Coverage Ratio means, as of any date of determination, the ratio of (x) to (y), where (x) is the Interest Coverage Amount for the related Due Period in which such date of determination occurs, and where (y) is an amount equal to the sum of (1) the Periodic Interest Amount for the Class A Notes for the Payment Date relating to such Due Period plus (2) the Periodic Interest Amount for the Class B Notes for the Payment Date relating to such Due Period plus (3) the Periodic Interest Amount for the Class C Notes for the Payment Date relating to such Due Period plus (4) the Periodic Interest Amount for the Class D Notes for the Payment Date relating to such Due Period.

Examples of Class D Interest Coverage Ratio in a sentence

• For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

• Interest Coverage Ratio means the Class A/B Interest Coverage Ratio, the Class C Interest Coverage Ratio, the Class D Interest Coverage Ratio and the Class E Interest Coverage Ratio.

• The “Class D 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, Class C Notes, Class D Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date if the Class D Interest Coverage Ratio as of such Measurement Date occurring on or after the second Distribution Date is equal to or greater than 102.0%.

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• On the Closing Date, the Class C Interest Coverage Ratio is expected to be approximately 113.52%.The "Class D Interest Coverage Test" will be satisfied on a Measurement Date on which any Class A Note, Class B Note, Class C Note or Class D Note remains outstanding if the Class D Interest Coverage Ratio as of such Measurement Date is equal to or greater than 102.00%; provided, that the Class D Interest Coverage Test will be deemed to be satisfied for purposes of the first Distribution Date.

More Definitions of Class D Interest Coverage Ratio

Class D Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments on the Class A Notes (with Sterling and Dollar amounts due in respect of the Class A- R Notes converted into Euro at the then prevailing Spot Rate), the Class B Notes, the Class C Notes and the Class D Notes and the amount of the Class A-R Commitment Fee and Class A-D Commitment Fee, in each case due on the next following Payment Date.

Class D Interest Coverage Ratio means, on any Measurement Date, the ratio (expressed as a percentage) obtained by dividing: (a) the Interest Coverage Amount by; (b) the aggregate of the scheduled interest payments payable on the Senior Notes, the Class B Notes, the Class C Notes and the Class D Notes on the following Payment Date (including any Commitment Fee and any Break Costs and, for the avoidance of doubt, any accrued interest payable on Deferred Interest).

Class D Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

Class D Interest Coverage Ratio means, as of any Measurement Date falling on or after the Effective Date, the ratio (expressed as a percentage) obtained by dividing:

Class D Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing:

Class D Interest Coverage Ratio or “Class E Interest Coverage Ratio” means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

Class D Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Interest Coverage Amount by (b) the scheduled interest payments (including any Deferred Interest) payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. For purposes of calculating the Class D Interest Coverage Ratio, theexpected interest income on floating rate Underlying Assets, Eligible Investments and the Accounts (to the extent applicable) will be calculated using the then current interest rates applicable thereto;