Ratio Test definition

Ratio Test means the Distributable Amount to Consolidated Fixed Charge Coverage Ratio of the Company is greater than 2.0 to 1.0.
Sample 1Sample 2Sample 3
Ratio Test has the meaning assigned to such term in Section 6.05(a)(B).
Sample 1
Ratio Test means the Distributable Amount to Consolidated Fixed Charge Coverage Ratio of the Company (or, in the case of clause (2) of Section 5.1, of the Company or the Surviving Entity, as applicable) is greater then 2.0 to 1.0.
Sample 1

Examples of Ratio Test in a sentence

  • Mortar Aggregate Ratio Test (Proportion Specification): For each mix provided, according to ASTM C 780.

  • NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at April 2016 and/or 1.75% at October 2016 and/or 1.50% at April 2017 and/or 1.15% at October 2017 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

  • YES If both (1) and (2) are “YES” then see next test below YES If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at August 2015 and/or 1.75% at February 2016 and/or 1.50% at August 2016 and/or 1.15% at February 2017 DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

  • NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at September 2018 and/or 1.75% at March 2019 and/or 1.50% at September 2019 and/or 1.15% at March 2020 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

  • NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at August 2016 and/or 1.75% at February 2017 and/or 1.50% at August 2017 and/or 1.15% at February 2018 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

  • NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at March 2018 and/or 1.75% at September 2018 and/or 1.50% at March 2019 and/or 1.15% at September 2019 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

  • YES If both (1) and (2) are “YES” then see next test below YES If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at August 2014 and/or 1.75% at February 2015 and/or 1.50% at August 2015 and/or 1.15% at February 2016 YES DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

  • NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at May 2015 and/or 1.75% at November 2015 and/or 1.50% at May 2016 and/or 1.15% at November 2016 DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

  • NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at August 2017 and/or 1.75% at February 2018 and/or 1.50% at August 2018 and/or 1.15% at February 2019 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

  • YES If both (1) and (2) are “YES” then see next test below YES If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at May 2015 and/or 1.75% at November 2015 and/or 1.50% at May 2016 and/or 1.15% at November 2016 DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

Related to Ratio Test

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Coverage Tests means each of the Overcollateralization Ratio Test and the Interest Coverage Ratio Test.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Leverage means the aggregate amount of indebtedness of the Company for money borrowed (including purchase money mortgage loans) outstanding at any time, both secured and unsecured.

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

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

  • Unencumbered Leverage Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Unsecured Indebtedness, divided by (b) Unencumbered Asset Value.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Asset Test means, for an Asset Review, each Test, as defined in the Asset Representations Review Agreement, in Schedule A to the Asset Representations Review Agreement to be performed by the Asset Representations Reviewer on the related Asset Review Receivables.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Start-Up Testing means the completion of applicable required factory and start-up tests as set forth in Exhibit C.

  • LCT Test Date shall have the meaning provided in Section 1.12(b).

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.