Class C Overcollateralization Ratio means, as of any Measurement Date, the number (expressed as a percentage) calculated by dividing (a) the Net Outstanding Portfolio Collateral Balance as of such date by (b) the Aggregate Outstanding Amount of the Class A Notes plus (i) the Aggregate Outstanding Amount of the Class B Notes plus (ii) the Aggregate Outstanding Amount of the Class C Notes (including any Class C Deferred Interest).
Class C Overcollateralization Ratio means, as of any Determination Date, the ratio (expressed as a percentage) obtained by dividing (a) the amount equal to the Adjusted Collateral Principal Amount by (b) the sum of (i) the Principal Amount Outstanding of each of the Class A Notes, the Class B Notes and the Class C Notes and (ii) any Deferred Interest on the Class C Notes.
Class C Overcollateralization Ratio means, as of any Measurement Date, the number (expressed as a percentage) calculated by dividing (a) the Net Outstanding Portfolio Collateral Balance on such Measurement Date by (b) (1) the aggregate outstanding principal amount of the Class A-1 Notes (including any unfunded Commitments with respect to the Class A-1B Notes) plus (2) the aggregate outstanding principal amount of the Class A-2 Notes plus (3) the aggregate outstanding principal amount of the Class B Notes plus (4) the aggregate outstanding principal amount of the Class C Notes (including, without duplication, any Class C Deferred Interest).
Examples of Class C Overcollateralization Ratio in a sentence
The Class C Overcollateralization Ratio Test and the Class C Interest Coverage Test.
A test that will be satisfied on any Measurement Date if the Class C Overcollateralization Ratio is at least equal to the specified Required Level indicated in the table in the definition of Overcollateralization Test.
The Senior Overcollateralization Ratio, the Class C Overcollateralization Ratio, the Class D Overcollateralization Ratio, the Class E Overcollateralization Ratio and the Class F Overcollateralization Ratio.
A test that will be satisfied if, as of any Measurement Date, the Class C Overcollateralization Ratio is at least 108.3%.
The Class A/B Overcollateralization Ratio Test, the Class C Overcollateralization Ratio Test and the Class D Overcollateralization Ratio Test.
More Definitions of Class C Overcollateralization Ratio
Class C Overcollateralization Ratio means, as of any Measurement Date, the number (expressed as a percentage) calculated by dividing (a) the Net Outstanding Portfolio Collateral Balance on such Measurement Date by (b) (1) the aggregate outstanding principal amount of the Class A-1 Notes (including any unfunded Commitments with respect to the Class A-1 Notes) plus (2) the aggregate outstanding principal amount of the Class A-2 Notes plus (3) the aggregate outstanding principal amount of the Class A-3 Notes plus (4) the aggregate outstanding principal amount of the Class B Notes plus (5) the aggregate outstanding principal amount of the Class C Notes (including, without duplication, any Class C Deferred Interest).
Class C Overcollateralization Ratio means, with respect to any Measurement Date, the quotient (expressed as a percentage) obtained by dividing (a) the sum (without duplication) of (1) the Aggregate Principal Amount of the Portfolio Collateral as of such date plus
Class C Overcollateralization Ratio means, with respect to a determination made as of any date of calculation, a fraction (expressed as a percentage) the numerator of which is equal to (a) the sum of (1) the Net Collateral Interests Principal Balance as of such date plus (2) the Balance of Eligible Investments and cash in the Collection Account representing Principal Proceeds as of such date plus (3) the Balance of Eligible Investments and cash in the Uninvested Proceeds Account as of such date and the denominator of which is equal to (b) the Aggregate Outstanding Amount of the Class A Notes, the Class B Notes and the Class C Notes as of such date.
Class C Overcollateralization Ratio means, as of any Measurement Date, the number (expressed as a percentage and rounded to the nearest 0.01%) calculated by dividing (a) the Net Outstanding Portfolio Collateral Balance by (b) the difference between (i) the sum of (A) the Aggregate CP Principal Component Amount of the CP Notes, (B) the aggregate outstanding principal amount of any Liquidity Event Advances, (C) the Aggregate Outstanding Amount of the Class A Notes, (D) the Aggregate Outstanding Amount of the Class B Notes, and (E) the Aggregate Outstanding Amount of the Class C Notes minus (ii) the amount on deposit in the CP Principal Reserve Account (in each case, as of such Measurement Date).
Class C Overcollateralization Ratio. On any date of determination, the ratio of (x) the Overcollateralization Amount on such date to (y) an amount equal to the sum of (1) the Aggregate Principal Amount of the Class A Notes then Outstanding, plus (2) the Aggregate Principal Amount of the Class B Notes then Outstanding, plus (3) the Aggregate Principal Amount of the Class C Notes then Outstanding.
Class C Overcollateralization Ratio. With respect to a determination made as of any date of calculation, a fraction (expressed as a percentage) the numerator of which is equal to (a) the sum of (1) the Net Collateral Interests Principal Balance as of such date plus (2) the Balance of Eligible Investments and cash in the Collection Account representing Principal Proceeds as of such date plus (3) the Balance of Eligible Investments and cash in the Uninvested Proceeds Account as of such date and the denominator of which is equal to (b) the Aggregate Outstanding Amount of the Class A Notes, the Class B Notes and the Class C Notes as of such date (including any Deferred Interest).
Class C Overcollateralization Ratio. As of any Measurement Date, the ratio calculated by dividing