Fitch Preferred Shares Asset Coverage definition

Fitch Preferred Shares Asset Coverage means, as of a particular date or time, sufficient asset coverage with respect to the Preferred Shares such that the Trust is satisfying both the (i) Fitch Total OC Test and the (ii) Fitch Net OC Test as of such date or time.
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Examples of Fitch Preferred Shares Asset Coverage in a sentence

  • Upon any failure to maintain Fitch Preferred Shares Asset Coverage or Moody’s Preferred Shares Asset Coverage, the Trust will use its best efforts to alter the composition of its portfolio to achieve both Fitch Preferred Shares Asset Coverage and Moody’s Preferred Shares Asset Coverage on or prior to the Rating Agency Preferred Shares Asset Coverage Cure Date.

  • RESPONSE 2: SoCalGas objects to this request on the grounds that it is vague and ambiguous as to the phrase “Performance Based Incentive Programs”.

  • Upon any failure to maintain Fitch Preferred Shares Asset Coverage or Mxxxx’x Preferred Shares Asset Coverage, the Trust will use its best efforts to alter the composition of its portfolio to achieve both Fitch Preferred Shares Asset Coverage and Mxxxx’x Preferred Shares Asset Coverage on or prior to the Rating Agency Preferred Shares Asset Coverage Cure Date.

  • Upon any failure to maintain Fitch Preferred Shares Asset Coverage or Xxxxx’x Preferred Shares Asset Coverage, the Trust will use its best efforts to alter the composition of its portfolio to achieve both Fitch Preferred Shares Asset Coverage and Xxxxx’x Preferred Shares Asset Coverage on or prior to the Rating Agency Preferred Shares Asset Coverage Cure Date.

  • Xxxx any failure to maintain Fitch Preferred Shares Asset Coverage or Moody's Preferred Shares Asset Coveragx, xxx Trust will use its best efforts to alter the composition of its portfolio to achieve both Fitch Preferred Shares Asset Coverage and Moody's Preferred Shares Asset Coveragx xx xx prior to the Rating Agency Preferred Shares Asset Coverage Cure Date.

Related to Fitch Preferred Shares Asset Coverage

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Qualified Preferred Stock means any preferred capital stock of Holdings or the Lead Borrower so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date at as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings or the Lead Borrower, as applicable, to opt to make payment solely) in the form of common Equity Interests or Qualified Preferred Stock of Holdings or the Lead Borrower, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings or the Lead Borrower, as applicable, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or the Lead Borrower, as applicable, or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings or the Lead Borrower the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in a Default or Event of Default hereunder.