Class B 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, the Class A-2 Notes and the Class B Notes on the following Payment Date. For the purposes of calculating the Class B 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, the Class A-2 Notes and the Class B Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.
Class B 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 and the Class B Notes.
Class B Interest Coverage Ratio means, on any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Interest Coverage Amount by (b) the aggregate of the scheduled interest payments payable on the Senior Notes (converted where appropriate at the Spot Rate), the Class A2 Notes and the Class B Notes on the following Payment Date (including any Deferred Interest on the Class B Notes and any Commitment Fee, and any Break Costs paid during the related Due Period, but excluding any VFN Increased Margin);
Examples of Class B 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 B Interest Coverage Ratio is at least 115.0%.
A test satisfied as of any Payment Date if the Class B Interest Coverage Ratio is equal to or greater than 230.0%.
A test satisfied as of any Measurement Date on or before the first Determination Date if the Class B Interest Coverage Ratio is at least 100.0%, and as of any Measurement Date thereafter if the Class B Interest Coverage Ratio is at least 130.0%.
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 B Interest Coverage Ratio
Class B Interest Coverage Ratio means, on any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Interest Coverage Amount by (b) the aggregate of the scheduled interest payments payable on the Senior Notes and the Class B Notes on the following Payment Date (including any Commitment Fee and any Break Costs and, for the avoidance of doubt, any accrued interest payable on Deferred Interest).
Class B Interest Coverage Ratio means, as of any Measurement Date falling on or after the Effective Date, the ratio (expressed as a percentage) obtained by dividing:
Class B Interest Coverage Ratio means, as of any Measurement Date, the percentage obtained by dividing:
Class B Interest Coverage Ratio means the Interest Coverage Ratio calculated in respect of the Class B Notes.
Class B Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage and calculated in accordance with Section 1.2) obtained by dividing:
Class B 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 B 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 sum of the aggregate principal amount of the Class A Notes (including Class A-3L Deferred Interest) and the aggregate principal amount of the Class B-1L Notes (including Class B-1L Deferred Interest) 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.