Interest Coverage Ratio Test definition

Interest Coverage Ratio Test means a test satisfied on any Measurement Date following the first Quarterly Payment Date if the Interest Coverage Ratio is greater than or equal to 130.0% on such date.

Interest Coverage Ratio Test means a test applicable hereunder on and after the Determination Date on September 30, 2011 and that is satisfied at any such time if the Interest Coverage Ratio as calculated on the most recent Determination Date as of the end of the most recent Collection Period was greater than or equal to 125%.

Interest Coverage Ratio Test means a test that is satisfied on any date of determination if the Interest Coverage Ratio as of such date of determination is greater than or equal to 150%; provided that the Interest Coverage Ratio Test shall be deemed to be satisfied on any date prior to the initial Advance hereunder.

Examples of Interest Coverage Ratio Test in a sentence

• In Iceland, English stands out in terms of importance and accessibility.

• The Class AB Interest Coverage Ratio Test and the Class C Interest Coverage Ratio Test are collectively referred to herein as the "Interest Coverage Ratio Tests".

• During the year when this occurs, each Committee Chairperson obtains and reviews one article for consideration of publication in this issue.

• For the avoidance of doubt, no prepayment fee shall be required in connection with any prepayment of an Advance made to cure any non-compliance with the Interest Coverage Ratio Test.

• Among the conditions precedent to any Borrowing under the Class A-1D Notes or the Class A-2R Notes, at the time of and immediately after giving effect to such Borrowing, the Minimum Diversity Score Test and the Coverage Tests must be satisfied (or, in the case of the Interest Coverage Ratio Test and the Minimum Diversity Score Test, maintained or improved) or deemed satisfied (or, in the case of the Interest Coverage Ratio Test and the Minimum Diversity Score Test, deemed maintained or improved).

More Definitions of Interest Coverage Ratio Test

Interest Coverage Ratio Test means a test that is satisfied at any time if the ratio of (A) the Collateral Interest Amount at such time, to (B) the sum of all amounts payable (or expected at such time to be payable) on the following Payment Date pursuant to clauses (A), (B), (C), (D), and (E) in Section 9.01(a)(i), is greater than 150%.

Interest Coverage Ratio Test. “Minimum Equity Amount”, “Collateral Quality Test” or any Collateral Quality Test set forth therein or component thereof defined therein, “Collateral Loan”, “Eligible Collateral Loan” or any defined terms used therein, or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof, or (h) extend the Reinvestment Period.

Interest Coverage Ratio Test means a test that is satisfied at any such time if the Interest Coverage Ratio as calculated on the most recent Determination Date as of the end of the most recent Collection Period was greater than or equal to 125%.

Interest Coverage Ratio Test means a test that is satisfied at any time if the Interest Coverage Ratio is greater than or equal to 135%; provided that the Interest Coverage Ratio Test shall be deemed to be satisfied on any date prior to the initial Advance hereunder.

Interest Coverage Ratio Test means a test that is satisfied at any time if the ratio of (A) the Collateral Interest Amount at such time, to (B) the sum of all amounts payable (or expected at such time to be payable) on the following Payment Date pursuant to clause (A), clause (B) (excluding any Senior Collateral Management Fee the Collateral Manager has determined not to pay on the following Payment Date) and clause (C) in Section 9.01(a)(i), is greater than 200%.

Interest Coverage Ratio Test. “Maximum Advance Rate Test”, “Maximum Available Amount”, “Minimum Equity Amount”, “Portfolio Quality Test”, “Weighted Average Spread Test”, “Weighted Average Life Test”, “Weighted Average Risk Factor Rating Test”, “Weighted Average Senior Debt Ratio Test”, “Weighted Average TTM EBITDA Test”, “Weighted Average Total Debt Ratio Test”, “Weighted Average Loan to Enterprise Value Test”, “Weighted Average Debt to TTM Recurring Revenue Test”, “Weighted Average Recurring Revenue Loan to Enterprise Value Test”, or in any defined term used therein, in each case in a manner which would have the effect of making more credit available to the Borrower, be adverse to the interests of Lenders or less restrictive on the Borrower in any other material fashion, or (i) extend the Reinvestment Period.

Interest Coverage Ratio Test means a test that is satisfied at any time if the Interest Coverage Ratio is greater than or equal to 150%; provided that the Interest Coverage Ratio Test shall be deemed to be satisfied on any date prior to the initial Advance hereunder. USActive 56468589.1056468589.17