Class A Coverage Tests definition

Class A Coverage Tests means the Class A Interest Coverage Test and the Class A Par Value Test.
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Class A Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes.
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Class A Coverage Tests means the Class A Interest Coverage Test and the Class A Par Value Test. “Class A Interest Coverage Ratio” means, as of any Measurement Date, the percentage obtained bydividing;
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Examples of Class A Coverage Tests in a sentence

  • If either of the Class A Coverage Tests are not satisfied on any Determination Date 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 Payments, to the extent necessary and available, to redeem the Class A-1 Notes and following redemption in full thereof, the Class A-2 Notes until the Class A Coverage Tests are satisfied if recalculated following such redemption.

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

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

  • If the Class A Coverage Tests are not satisfied on any Determination 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 Class A Notes on a pro rata basis until each such Coverage Test is satisfied if recalculated following such redemption.

  • The other Secured Parties will not be entitled to receive such distributions and sale proceeds.Collateral Enhancement Obligations and any income or return generated thereby are not taken into account for the purposes of determining satisfaction of, or required to satisfy, any of the Class A Coverage Tests, Portfolio Profile Tests or Collateral Quality Tests.

  • See “Risk Factors – Securities Lending” and “The Portfolio – Securities Lending”.Class A Coverage Tests: The Class A Coverage Tests comprise the Class A InterestCoverage Test and the Class A Par Value Test.

  • A) from Interest Proceeds, if either of the Class D Coverage Tests is not satisfied as of the related Determination Date and the Class A Coverage Tests, the Class B Coverage Tests and the Class C Coverage Tests are satisfied as of such Determination Date and no payments were made on the related Payment Date to (x) the Holders of the Senior Notes pursuant to subclause G.

  • The methodology of the Rating Agencies in effect at the time of determination of certain tests in relation to the Portfolio, the Collateral Quality Tests, the Portfolio Profile Tests, the Class A Coverage Tests and in relation to the rating of certain Obligors and/or Collateral Debt Obligations may change in the future.

  • If the Class A Coverage Tests are not satisfied on any Determination 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 Class A Notes, on a pro rata basis until each such Coverage Test is satisfied if recalculated following such redemption.

  • Class A Coverage Tests: The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes.Class A Notes: The Class A-1 Notes and the Class A-2 Notes, collectively.


More Definitions of Class A Coverage Tests

Class A Coverage Tests. Collectively, the Class A Par Value Test, the Class A Interest Coverage Test and the Class A/B Par Value Test.
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Class A Coverage Tests means the Class A Interest Coverage Test and the Class A Principal Coverage
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Class A Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Debt. "Class A-1 Credit Agreements": Collectively, the Class A-1A Credit Agreement and the Class A-1AS Credit Agreement. "Class A-1A Credit Agreement": That certain credit agreement, dated as of the 2024 Closing Date, among the Issuer, as borrower, the Co-Issuer, as co-borrower, the Loan Agent, the Collateral Trustee and the Class A-1 Lenders party thereto. "Class A-1AS Credit Agreement": That certain credit agreement, dated as of the 2024 Closing Date, among the Issuer, as borrower, the Co-Issuer, as co-borrower, the Loan Agent, the Collateral Trustee and the Class A-1S Lenders party thereto. "Class A-1A Debt": Collectively, the Class A-1A Notes, the Class A-1AL Notes and the Class A-1 Loans. "Class A Debt": Collectively, the Class A-1A Debt, the Class A-1B Notes and the Class A-2 Notes. "Class A-1 Lender": Collectively, the Class A-1A Lenders and the Class A-1AS Lenders. "Class A-1A Lender": Each lender party to the Class A-1A Credit Agreement from time to time, and reflected as a holder of the Class A-1A Loans in the Loan Register. "Class A-1S Lender": Each lender party to the Class A-1S Credit Agreement from time to time, and reflected as a holder of the Class A-1S Loans in the Loan Register. "Class A-1 Loans": Collectively, the Class A-1A Loans and the Class A-1S Loans.
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Class A Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes (in the aggregate and not separately by Class).
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Class A Coverage Tests means each of the Class A Par Value Test and the Class A Interest Coverage Test corresponding to the applicable Collateral Quality Test Set selected by the Investment Manager and each shall be satisfied on a Measurement Date if the corresponding Class A Par Value Ratio or Class A Interest Coverage Ratio (as the case may be) is at least equal to the percentage specified in the table below in relation to that Class A Coverage Test. Coverage test and ratio Percentage at which test is satisfied for Collateral Quality Test Set A Percentage at which test is satisfied for Collateral Quality Test Set B Percentage at which test is satisfied for Collateral Quality Test Set C Percentage at which test is satisfied for Collateral Quality Test Set D Percentage at which test is satisfied for Collateral Quality Test Set E Class A Par Value Ratio 142.20% 142.20% 142.20% 143.65% 145.11% Class A Interest Coverage Ratio 120.00% 120.00% 120.00% 120.00% 120.00%
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Class A Coverage Tests means the Class A Par Value Test and the Class A Interest Coverage Test. “Class A Noteholders” means the Class A1 Noteholders and the Class A2 Noteholders.
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Related to Class A Coverage Tests

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

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

  • 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 120.00 per cent.

  • 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 The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied to each specified Class or Classes of Secured Debt.

  • 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.

  • 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.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 6.00%.