Senior Coverage Tests definition

Senior Coverage Tests means the Senior Par Value Test and the Senior Interest Coverage Test.
Sample 1Sample 2Sample 3
Senior Coverage Tests means the Senior Overcollateralisation Test and the Senior Interest Coverage Test;
Sample 1Sample 2
Senior Coverage Tests means the Senior Interest Coverage Test and the Senior Par CoverageTest.
Sample 1

Examples of Senior Coverage Tests in a sentence

  • In the event that the Issuer receives any interest payments on any Portfolio Investment net of any applicable withholding tax, the Senior Coverage Tests and Collateral Quality Tests will be determined by reference to such net receipts.

  • Any player delinquent in dues will be notified by the Team Manager and prohibited from participating in any Club and/or training until the debt is paid.

  • If the Senior Coverage Tests are not satisfied on any Determination Date falling on or after the Effective Date, then, on the Payment Date following such Determination Date, Interest Proceeds, and thereafter Principal Proceeds, will be used, subject to the Priorities of Payment, to the extent necessary and available, to redeem the Senior Notes (in accordance with the Senior Note Redemption Method) until each such Coverage Test is satisfied if recalculated following such redemption.

  • The Senior Coverage Tests are applicable until the Senior Debt is redeemed in full and all amounts payable in respect thereof have been paid, and the Mezzanine Coverage Tests are applicable until the relevant Class of Notes to which such Mezzanine Coverage Test applies are redeemed in full and all amounts payable in respect thereof are paid.

  • The "Recovery Rate Excess Percentage" as of any date of determination is 42.5%.Coverage Tests and Other Tests The "Coverage Tests" are the Senior Coverage Tests, the Mezzanine Coverage Tests and the Class E Par Coverage Test specified in the table below.

  • EOD 10/16/2001)• SIBILLE, Brad, Teacher - Math - Comeaux High (Eff.

  • The Senior Coverage Tests are applicable until the Senior Debt is redeemed in full and all amounts payable in respect thereof have been paid, and the Mezzanine Coverage Tests are applicable until the relevant Class of Notes to which such Mezzanine Coverage Test applies are redeemed in full and all amounts payable in respect thereofare paid.


More Definitions of Senior Coverage Tests

Senior Coverage Tests means the Senior Par Value Test and the Senior Interest Coverage Test, each of which shall be satisfied on a Measurement Date if the corresponding Senior Par Value Ratio or Senior Interest Coverage Ratio (as specified below) is at least equal to the percentage specified in the table below in relation to that Senior Coverage Test. Senior Coverage Test and RatioPercentage at which test is satisfiedSenior Par Value Ratio218.0%Senior Interest Coverage Ratio150%
Sample 1
Senior Coverage Tests means the Senior Interest Coverage Test and the Senior Par Value Test. "Senior Expenses Cap" means €375,000.
Sample 1
Senior Coverage Tests means each of the Senior Overcollateralization Ratio Test and Senior Interest Coverage Ratio Test.
Sample 1

Related to Senior Coverage Tests

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

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

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

  • Class D Coverage Tests means the Class D Interest Coverage Test and the Class D 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.

  • Asset Coverage Test is met if the Adjusted Aggregate Asset Amount (as defined below) shall be in an amount at least equal to the Canadian Dollar Equivalent of the aggregate Principal Amount Outstanding of the Covered Bonds as calculated on the relevant Calculation Date. For greater certainty, references in this Schedule to “immediately preceding Calculation Date” and “previous Calculation Date” are to the Calculation Period ending on the Calculation Date.

  • Guarantee Test(s means the test(s) specified in the Technical Specifications to be carried out to ascertain whether the Facilities or a specified part thereof is able to attain the Functional Guarantees specified in the Technical Specifications in accordance with the provisions of GCC Sub-Clause 20.2.1 (Guarantee Test) hereof during/after successful Commissioning followed by Trial - Operation.

  • Class A/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 A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Site Coverage means ratio expressed in percentage between the area covered by the ground floor of building and the area of the site;

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

  • Coverage Term All insurance required herein shall be maintained in full force and effect until Work required to be performed under the terms of the Contract are satisfactorily completed and formally accepted; failure to do so may constitute a material breach of this Contract, at the sole discretion of the TOWN. In the event any insurance policy(ies) required by this contract is(are) written on a “claims made” basis, coverage shall extend for two(2) years past completion and acceptance of the CONTRACTOR’s work or services, as evidenced by annual Certificates of Insurance.

  • Maintenance Test means the maintenance test set out in Clause 12.1 (Maintenance Test).

  • Plant Test Date or "PTD" means the date acceptance testing is performed with CLEC. "Point of Interface", "Point of Interconnection," or "POI" is a demarcation between the networks of two (2) LECs (including a LEC and CLEC). The POI is that point where the exchange of traffic takes place.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Class D 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 D Interest Coverage Ratio is at least equal to 105.0 per cent.

  • Class C 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 C Interest Coverage Ratio is at least equal to 110.0 per cent.

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Performance and Guarantee Tests , shall mean all operational checks and tests required to determine and demonstrate capacity, efficiency, and operating characteristics as specified in the Contract Documents.

  • Cannabis testing facility means an entity registered by

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

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

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Commissioning test means tests applied to the Generating Facility, after completion of the construction of the Generating Facility, in order to verify that the Generating Facility may be released for Operation.

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • RDDS test Means one query sent to a particular “IP address” of one of the servers of one of the RDDS services. Queries shall be about existing objects in the Registry System and the responses must contain the corresponding information otherwise the query will be considered unanswered. Queries with an RTT 5 times higher than the corresponding SLR will be considered as unanswered. The possible results to an RDDS test are: a number in milliseconds corresponding to the RTT or undefined/unanswered.