Class 3B Minimum OC Coverage Test definition

Class 3B Minimum OC Coverage Test means, as of any date, a test that shall be satisfied if the Class 3B OC Ratio as of such date is equal to or greater than 1.00:1.00.
Sample 1Sample 2Sample 3
Class 3B Minimum OC Coverage Test means, as of any date, a test that shall be satisfied if the Class 3B OC Ratio as of such date is equal to or greater than
Sample 1

Related to Class 3B Minimum OC Coverage 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.

  • 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.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and