Examples of Class C Overcollateralization Ratio in a sentence

The Class C Overcollateralization Test The "Class C Overcollateralization Ratio" is, as of any Measurement Date, the number (expressed as a percentage) calculated by dividing (a) the sum of the Net Outstanding Portfolio Collateral Balance on such Measurement Date minus the Adjustment Amount, if any, by (b) the aggregate outstanding principal amount (including any Class C Capitalized Interest) of the Class A Notes, the Class B Notes and the Class C Notes.
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The "Class C Overcollateralization Test" is a test (i) that will be deemed satisfied as of any Measurement Date before the Effective Date; and (ii) that will be satisfied as of any Measurement Date on or after the Effective Date if on such Measurement Date the Class C Overcollateralization Ratio is equal to or greater than 103.1%.
The "Class C Overcollateralization Test" will be met on any Measurement Date on which any Class C Notes remain outstanding if the Class C Overcollateralization Ratio on such Measurement Date is equal to or greater than 102.0%.

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. 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

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 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