Class A Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A-1 Notes and the Class A-2 Notes on the following Payment Date. For the purposes of calculating the Class A Interest Coverage Ratio, the expected interest income on Collateral Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A-1 Notes and the Class A-2 Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.
Class A Interest Coverage Ratio. On the Second Determination Date and any subsequent Measurement Date, the Interest Coverage Ratio as calculated with respect to the Class A Notes.
Class A Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes.
Examples of Class A Interest Coverage Ratio in a sentence
A test that will be satisfied if, as of any Measurement Date on and after the Determination Date related to the second Payment Date, the Class A Interest Coverage Ratio is at least 120.0%.
A test satisfied as of any Measurement Date on or before the first Determination Date if the Class A Interest Coverage Ratio is at least 100.0%, and as of any Measurement Date thereafter if the Class A Interest Coverage Ratio is at least 140.0%.
Each of the Class A Interest Coverage Ratio, the Class B Interest Coverage Ratio, the Class C Interest Coverage Ratio and the Class D Interest Coverage Ratio.
More Definitions of Class A Interest Coverage Ratio
Class A Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes. For the purposes of calculating the Class A Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes will be calculated using the then current interest rates applicable thereto.
Class A Interest Coverage Ratio means, as of any Measurement Date, the percentage obtained by dividing:
Class A Interest Coverage Ratio. As of any Measurement Date, the ratio calculated in accordance with the assumptions set forth in Section 1.2(e) hereof by dividing:
Class A Interest Coverage Ratio. On the Third Determination Date and any subsequent Measurement Date, the Interest Coverage Ratio as calculated with respect to the Class A Notes.
Class A Interest Coverage Ratio means, as of any Measurement Date, a number (expressed as a percentage) calculated by dividing (a) an amount equal to (i) four times (ii) the amount by which (A) the Expected Available Interest Amount during the Due Period in which such Measurement Date occurs exceeds (B) the Periodic Reserve Amount as of such Measurement Date, by (b) the aggregate principal amount of the Class A Notes (including Class A-3L Deferred Interest, if any) with respect to such Measurement Date, as adjusted, if calculated with respect to any Payment Date, to take into account any Coverage Failure Redemption to occur on the Payment Date related to such Due Period pursuant to the Indenture.
Class A Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:
Class A Interest Coverage Ratio means on any Measurement Date, the ratio (expressed as a percentage) of (i) to (ii), where (i) is equal to the Interest Coverage Amount as of such Measurement Date and where (ii) is the sum of the Periodic Interest for the Class A Notes for the Payment Date immediately following such Measurement Date.