Class B Interest Coverage Test definition

Class B Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".
Class 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 B Interest Coverage Ratio is at least equal to 110.00 per cent.
Class B Interest Coverage Test means the test which will be satisfied as of any Measurement Date on or following the Determination Date immediately preceding the Payment Date falling in February 2009 if, on such Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified in the definition ofCoverage Test”.

Examples of Class B Interest Coverage Test in a sentence

  • Collectively, the Class B Overcollateralization Test and the Class B Interest Coverage Test.

  • Together, the Class B Overcollateralization Test and the Class B 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.

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

  • Each of 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.


More Definitions of Class B Interest Coverage Test

Class B Interest Coverage Test means the test which shall be satisfied if as at any Measurement Date, the Class B Interest Coverage Ratio is at least equal to the percentage specified in the definition ofCoverage Test”.
Class B Interest Coverage Test means, for so long as any Class B Notes remain Outstanding, a test satisfied if the Class B Interest Coverage Ratio as of such Measurement Date is equal to or greater than (i) [**] on the Effective Date and (ii) [**] on any Measurement Date thereafter.
Class B Interest Coverage Test. A test that will be satisfied as of any Measurement Date on which any Class B Notes remain Outstanding if the Class B Interest Coverage Ratio as of such Measurement Date is equal to or greater than 200.0%.
Class B Interest Coverage Test means a test satisfied on any Measurement Date after the Payment Date in December 2006 if the Class B Interest Coverage Ratio as of such Measurement Date is equal to or greater than 0.65%.
Class B Interest Coverage Test means, for so long as any Class A Notes or Class B Notes remain Outstanding, a test that is satisfied on any date of determination if the Class B Interest Coverage Ratio as of such date of determination is equal to or greater than 110%.
Class B Interest Coverage Test means, for so long as any Class A ST Notes, Class A LT Notes, Class A-1 Notes, Class A-2 Notes, Class B Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the second Distribution Date if the Class B Interest Coverage Ratio as of such Measurement Date is equal to or greater than 104.0%.
Class B Interest Coverage Test means the test which will be satisfied (i) as of any Measurement Date falling on or before the second Determination Date if, on such Measurement Date, the Class B Interest Coverage Ratio is at least 105 per cent. and (ii) as of any Measurement Date thereafter, the Class B Interest Coverage Ratio is at least 120 per cent.