Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.
Class C Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.
Class C Coverage Tests. The Par Value Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.
Examples of Class C Coverage Tests in a sentence
The Class A/B Coverage Tests, the Class C Coverage Tests, the Class D Coverage Tests and the Class E Coverage Test.
The Class A/B Coverage Tests, the Class C Coverage Tests, the Class D Coverage Tests and the Class E Coverage Tests.
The Class A Coverage Tests, the Class B Coverage Tests, the Class C Coverage Tests and the Class D Coverage Tests.
Each of the Class A/B Coverage Tests, the Class C Coverage Tests, the Class D Coverage Tests, and the Class E Coverage Tests.
The Class A Coverage Tests, the Class B Coverage Tests, the Class C Coverage Tests, the Class D Coverage Tests and the Class E Coverage Test.
More Definitions of Class C Coverage Tests
Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test. “Class C Deferred Interest” has the meaning given to it in Condition 6(c) (Deferral of Interest).
Class C Coverage Tests means the Class C Par Value Test and the Class C Interest Coverage Test. “Class C Floating Rate of Interest” has the meaning given thereto in Condition 6 (Interest).
Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test."Class C Interest Coverage Ratio" means, as of any Determination 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 (but not yet received) on the Class A Notes, the Class B Notes and the Class C Notes. For the purposes of calculating the Class C 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 Notes, the Class B Notes and the Class C Notes will be calculated using the then current interest rates applicable thereto as at the relevant Determination Date. "Class C Interest Coverage Test" means the test which will apply as of any Determination Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfiedon such Determination Date if the Class C Interest Coverage Ratio is at least equal to 105.00 per cent. "Class C Noteholders" means the holders of any Class C Notes from time to time.
Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Overcollateralisation Ratio Test.
Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Principal Coverage Test.
Class C Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes. "Class C Notes": The Class C-R Secured Deferrable Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3(b) (Authorized Amount; Stated Maturity; Denominations). "Class Default Differential": With respect to the Highest Priority Class, the rate calculated by subtracting the Class Scenario Default Rate at such time for such Class of Debt from (x) during any S&P CDO Formula Election Period, the Adjusted Class Break-even Default Rate or (y) during any S&P CDO Monitor Election Period, the Class Break-even Default Rate for such Class of Debt at such time. "Class Scenario Default Rate": With respect to the Highest Priority Class: (i) during any S&P CDO Formula Election Period, the rate at such time equal to (a) 0.247621 plus (b)(x) the S&P Weighted Average Rating Factor divided by (y) 9162.65 minus (c)(x) the Default Rate Dispersion divided by (y) 16757.2 minus (d)(x) the Obligor Diversity Measure divided by (y) 7677.8 minus (e)(x) the Industry Diversity Measure divided by 2177.56 minus (f)(x) the Regional Diversity Measure divided by (y) 34.0948 plus (g)(x) the S&P Weighted Average Life divided by (y) 27.3896; or (ii) during any S&P CDO Monitor Election Period, an estimate of the cumulative default rate for the Current Portfolio or the Proposed Portfolio, as applicable, consistent with S&P's Initial Rating of such Class of Debt, determined by the Collateral Manager (which determination shall be made solely by application of the S&P CDO Monitor at such time). "Clean-up Call Redemption": A redemption of the Debt in accordance with Section 9.7(a) (Clean-up Call Redemption). "Clean-up Call Redemption Date": The meaning specified in Section 9.7(a) (Clean-up Call Redemption). "Clearing Agency": An organization registered as a "clearing agency" pursuant to Section 17A of the Exchange Act. "Clearing Corporation": (i) Clearstream, (ii) DTC, (iii) Euroclear and (iv) any entity included within the meaning of "clearing corporation" under Section 8-102(a)(5) of the UCC. "Clearing Corporation Security": Securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.
Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Coverage Test. "Class D Coverage Tests" means the Class D Interest Coverage Test and the Class D Par Coverage Test. "Interest Reinvestment Test" means a test satisfied, as of the Effective Date and each Determination Datethereafter, if the Par Coverage Ratio calculated for the related Tested Classes is at least equal to the minimum percentage specified in the table above.