Class A Interest Coverage Test definition

Class A Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class A Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class A 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 Interest Coverage Ratio is at least equal to 120.00 per cent.

Class A Interest Coverage Test. A test satisfied as of the Second Determination Date and any subsequent Measurement Date if the Class A Interest Coverage Ratio is equal to or greater than 150%.

Examples of Class A Interest Coverage Test in a sentence

• Together, the Class A Overcollateralization Test and the Class A Interest Coverage Test.

• Collectively, the Class A Interest Coverage Test, the Class B Interest Coverage Test, the Class C Interest Coverage Test and the Class D Interest Coverage Test, and “Interest Coverage Test” shall mean any one of them, unless the context otherwise requires.

• Cash contributions may be treated as Interest Proceeds if so directed by the holders of a Majority of the Preferred Shares (i) where necessary to cure or prevent any default or to permit the Class A Interest Coverage Test to be satisfied, or if not satisfied, maintained or improved or (ii) to acquire a Workout Loan or Equity Security, and otherwise will be treated as Principal Proceeds; provided that any such designation shall be irrevocable.

• Collectively, the Class A Interest Coverage Test, the Class B Interest Coverage Test and the Class C Interest Coverage Test.

• The Class A Overcollateralization Ratio Test and the Class A Interest Coverage Test.

More Definitions of Class A Interest Coverage Test

Class A Interest Coverage Test contained in Section 1.1 of the Indenture is hereby deleted and replaced with the following:

Class A Interest Coverage Test means the test which shall be satisfied if as at any Measurement Date the Class A Interest Coverage Ratio is at least equal to the percentage specified in the definition of “Coverage Test”.

Class A Interest Coverage Test. A test that is satisfied as of the Interest Coverage Test Effective Date and any other date thereafter on which such test is required to be determined hereunder if (i) the Interest Coverage Ratio for the Class A Notes on such date is at least equal to the Required Interest Coverage Ratio or (ii) the Class A Notes are no longer outstanding.

Class A Interest Coverage Test. A test satisfied (i) as of any Determination Date immediately prior to the January 2014 Payment Date if the Class A Interest Coverage Ratio is equal to or greater than 100%; and (ii) as of any subsequent Measurement Date if the Class A Interest Coverage Ratio is equal to or greater than 150%.”

Class A Interest Coverage Test. A test that will be satisfied as of any Measurement Date on which any Class A Notes remain Outstanding if the Class A Interest Coverage Ratio as of such Measurement Date is equal to or greater than 350.0%.

Class A Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class A Interest Coverage Ratio is at least equal to 130 per cent.

Class A Interest Coverage Test means, for so long as any Class A Notes remain Outstanding, a test satisfied on any date of determination if the Class A Interest Coverage Ratio as of such date of determination is equal to or greater than 115%.