Class D Overcollateralization Test definition

Class D Overcollateralization Test means the Overcollateralization Test as applied to the Class D Notes.
Sample 1Sample 2Sample 3
Class D Overcollateralization Test means a test satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date and on which any Class D Notes remain outstanding if the Class D Overcollateralization Ratio on such Measurement Date is equal to or greater than 110.5%.
Sample 1
Class D Overcollateralization Test means, for so long as any Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date if the Class D Overcollateralization Ratio on such Measurement Date is equal to or greater than 101.50%.
Sample 1

Examples of Class D Overcollateralization Test in a sentence

  • The "Class D Coverage Tests" will consist of the Class D Overcollateralization Test and the Class D Interest Coverage Test.

  • The Overcollateralization TestsThe "Overcollateralization Tests" will consist of the Class A/B Overcollateralization Test, the Class C Overcollateralization Test, the Class D Overcollateralization Test and the Class E Overcollateralization Test.

  • If the Class D Overcollateralization Test is not satisfied on a Determination Date, funds that would otherwise be available to make distributions related to the Preference Shares and to pay certain fees and expenses will be applied on the related Distribution Date instead to pay principal of the Notes in the manner and in the order contemplated by the Priority of Payments.

  • The Overcollateralization Tests The "Overcollateralization Tests" will consist of the Class A Overcollateralization Test, the Class B Overcollateralization Test, the Class C Overcollateralization Test and the Class D Overcollateralization Test.

  • Amen.25(28) Instruments of peace Lord, make us instruments of your peace.

  • The Class A Interest Coverage Test, the Class B Interest Coverage Test, the Class C Interest Coverage Test and the Class D Interest Coverage Test are referred to herein collectively as the "Interest Coverage Tests" and the Class A Overcollateralization Test, the Class B Overcollateralization Test, the Class C Overcollateralization Test and the Class D Overcollateralization Test are referred to herein collectively as the "Overcollateralization Tests".

  • Article 3 - Paragraph 8 A new paragraph 8 is inserted in Article 3, with the aim of defining precisely the words “by electronic means” introduced in the Directive.

  • The “Coverage Tests” will consist of the Senior Overcollateralization Test and the Senior Interest Coverage Test (together, the “Senior Coverage Tests”), the Class C Overcollateralization Test and the Class C Interest Coverage Test (together, the “Class C Coverage Tests”), and the Class D Overcollateralization Test and the Class D Interest Coverage Test (together, the “Class D Coverage Tests”).

  • This is particularly important for the environment ministries of the Caspian littoral states in their efforts to advance the cause of synergising environmental protection with economic growth.

  • The Class D Overcollateralization Test: The “Class D Overcollateralization Test” will be satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date and on which any Class C Notes remain outstanding if the Class D Overcollateralization Ratio on such Measurement Date is equal to or greater than 109.2%.


More Definitions of Class D Overcollateralization Test

Class D Overcollateralization Test. A test that will be satisfied on any Measurement Date if the Class D Overcollateralization Ratio is at least equal to the specified Required Level indicated in the table in the definition of "Overcollateralization Test."
Sample 1
Class D Overcollateralization Test. On any date of determination on which any Class D Notes remain Outstanding, a test that is satisfied if the Class D Overcollateralization Ratio on such date of determination equals or exceeds 120.40%.
Sample 1
Class D Overcollateralization Test means a test that, for so long as any of the Notes remain Outstanding, will be satisfied on any Measurement Date occurring on or after the
Sample 1Sample 2
Class D Overcollateralization Test means, for so long as any Class A Notes, Class B Notes, Class C Notes or Class D Notes remain outstanding, a test that shall be satisfied on any Measurement Date if the Class D Overcollateralization Ratio on such Measurement Date is equal to or greater than 100.0%.
Sample 1
Class D Overcollateralization Test means, for so long as any Class A Notes, Class B Notes, Class C or Class D Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the Closing Date if the Class D Overcollateralization Ratio on such Measurement Date is equal to or greater than 104.9%. It is expected that, on the Effective Date, the Class D Overcollateralization Ratio will be approximately 109.9%.
Sample 1

Related to Class D Overcollateralization Test

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans before giving effect to distributions of principal to be made on such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates and Class M Certificates immediately prior to such date.

  • Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

  • Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.

  • Class C Reserve Account Percentage means, (i) zero, if the Quarterly Excess Available Funds Percentage on such Transfer Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.00% and greater than or equal to 3.50%, (iv) 2.75%, if the Quarterly Excess Available Funds Percentage is less than 3.50% and greater than or equal to 3.00%, (v) 3.50%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 3.00% and greater than or equal to 2.50%, (vi) 4.50%, if the Quarterly Excess Available Funds Percentage is less than 2.50% and greater than or equal to 2.00%, and (vii) 6.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 2.00%.