Examples of Class D Interest Coverage Ratio in a sentence
For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.
Interest Coverage Ratio means the Class A/B Interest Coverage Ratio, the Class C Interest Coverage Ratio, the Class D Interest Coverage Ratio and the Class E Interest Coverage Ratio.
The “Class D Interest Coverage Test” means, for so long as any Class A ST Notes, Class A LT Notes, Class A-1 Notes, Class A-2 Notes, Class B Notes, Class C Notes, Class D Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date if the Class D Interest Coverage Ratio as of such Measurement Date occurring on or after the second Distribution Date is equal to or greater than 102.0%.
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On the Closing Date, the Class C Interest Coverage Ratio is expected to be approximately 113.52%.The "Class D Interest Coverage Test" will be satisfied on a Measurement Date on which any Class A Note, Class B Note, Class C Note or Class D Note remains outstanding if the Class D Interest Coverage Ratio as of such Measurement Date is equal to or greater than 102.00%; provided, that the Class D Interest Coverage Test will be deemed to be satisfied for purposes of the first Distribution Date.