Class C Overcollateralisation Test definition

Class C Overcollateralisation Test means the test which will apply as of any Measurement Date and which will be satisfied on such Measurement Date if the Class C Overcollateralisation Ratio is at least equal to 109.4 per cent.
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Class C Overcollateralisation Test means as at any Measurement Date falling on or after the Effective Date, the Class C Overcollateralisation Ratio is at least 107.8 per cent.
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Class C Overcollateralisation Test means a test that is satisfied on any Measurement Date if the Class C Overcollateralisation Ratio is at least equal to 104.50 per cent.;
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Examples of Class C Overcollateralisation Test in a sentence

  • The Coverage Tests will include the following: (i) the ABOvercollateralisation Test; (ii) the Class C Overcollateralisation Test; (iii) the Class D Overcollateralisation Test; (iv) the Class E Overcollateralisation Test; (v) the AB Interest Coverage Test; (vi) the Class C Interest Coverage Test; (vii) the Class D Interest Coverage Test; and (viii) the Class E Interest Coverage Test.

  • The Over-collateralisation Tests will be satisfied if the Senior Over-collateralisation Test, the Class B Over-collateralisation Test, the Class C Over-collateralisation Test and the Class D Over-collateralisation Test are all satisfied.

Related to Class C Overcollateralisation Test

  • Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

  • Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class A Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and denominator of which is the Initial Invested Amount.