Class C Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".
Class C Par Value Test means the test which will apply as of any Measurement Date on or after the Effective Date and which will be satisfied on such Measurement Date if the Class C Par Value Ratio is at least equal to 125.7 per cent.
Class C Par Value Test means the test which shall be satisfied if, as at any Measurement Date, the Class C Par Value Ratio is at least equal to the percentage specified in the definition of “Coverage Test”.
Examples of Class C Par Value Test in a sentence
If the Class C Par Value Test is not met on any Determination Date, Interest Proceeds and thereafter Principal Proceeds will be applied in redemption of the Class A-1 Notes, the Class A-2 Notes, the Class B Notes and the Class C Notes in accordance with the Note Payment Sequence on the related Payment Date in accordance with and subject to the Priorities of Payment (including payment of all prior ranking amounts) until the Class C Par Value Test is satisfied if recalculated following such redemption.
More Definitions of Class C Par Value Test
Class C Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Par Value Ratio is at least equal to 112 per cent.
Class C Par Value Test means the test which will apply as of any Determination Date on or after the Effective Date and which will be satisfied on such Determination Date if the Class C Par Value Ratio is at least equal to 115.71 per cent.
Class C Par Value Test means the test which will apply as of any Measurement Date on or after the Effective Date and which will be satisfied on such Measurement Date if the Class C Par Value Ratio is at least equal to 124.23 per cent. “Class C Noteholders” means the holders of any Class C Notes from time to time.
Class C Par Value Test means the test which shall be satisfied if, as at the Measurement Date, the Class C Par Value Ratio is at least 104.4 per cent.
Class C Par Value Test means the test which will be satisfied as of any Measurement Date if as of any Measurement Date the Class C Par Value Ratio is equal to at least 75 per cent.
Class C Par Value Test means the test which will be satisfied if, as of any Measurement Date, the Class C Par Value Ratio is equal to at least 101.25 per cent.
Class C Par Value Test. The test that is met as of any Measurement Date on which any Class C Notes remain outstanding if the Class C Par Value Ratio on such Measurement Date is equal to or greater than 154%.