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.
The problem involved in joining limited lengths of steel plate is overcome by the fact that FRP sheets may be delivered to site in rolls.
To prevent complications in the case of low sun conditions and to avoid the need to consider cirrus in this study, the data were limited to SZAs less than 70° and to flights with cloud-free conditions above the flight altitude of HALO.
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%.