Examples of Class C Interest Coverage Ratio in a sentence
For the purposes of calculating the Class C 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, the Class B Notes and the Class C Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.
Interest Coverage Ratio means the Class A/B Interest Coverage Ratio, the Class C Interest Coverage Ratio, the Class D Interest Coverage Ratio and the Class E Interest Coverage Ratio.
The “Class C Interest Coverage Test” will be satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date and on which any Class C Notes remain outstanding if the Class C Interest Coverage Ratio on such Measurement Date is equal to or greater than 112.5%.
The “Class C Interest Coverage Test” will be satisfied on any Measurement Date if the Class C Interest Coverage Ratio as of such Measurement Date is equal to or greater than 110%.
The “Class C Interest Coverage Test” will be made on each Measurement Date falling on or from the Effective Date to (and including) the seventeenth Interest Payment Date and will be satisfied if, on any such date, the Class C Interest Coverage Ratio is at least equal to 105.0 per cent and thereafter on each Measurement Date and will be satisfied if, on such date, the Class C Interest Coverage Ratio is at least equal to 115.0 per cent.