Class E Interest Coverage Ratio definition

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes. For the purposes of calculating the Class E 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, the Class D Notes and the Class E Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments on the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes and the amount of the Class A-1R Commitment Fee, in each case due on the next following Payment Date.

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

Examples of Class E Interest Coverage Ratio in a sentence

• For the purposes of calculating the Class E 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, the Class D Notes and Class E Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

• The “Class E Interest Coverage Test” will be satisfied on any Measurement Date occurring on or after the Ramp-Up Completion Date and on which any Class E Notes remain outstanding if the Class E Interest Coverage Ratio on such Measurement Date is equal to or greater than 102.5%.

• 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.

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• The “Class E Interest Coverage Test” means, for so long as any Class A ST Notes, Class A LT Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the second Distribution Date following the Ramp-Up Effective Date if the Class E Interest Coverage Ratio as of such Measurement Date is equal to or greater than 100%.

More Definitions of Class E Interest Coverage Ratio

Class E Interest Coverage Ratio means, as of any date of determination, the ratio of (x) to (y), where (x) is the Interest Coverage Amount for the related Due Period in which such date of determination occurs, and where (y) is an amount equal to the sum of (1) the Periodic Interest Amount for the Class A Notes for the Payment Date relating to such Due Period plus (2) the Periodic Interest Amount for the Class B Notes for the Payment Date relatingto such Due Period plus (3) the Periodic Interest Amount for the Class C Notes for the Payment Date relating to such Due Period plus (4) the Periodic Interest Amount for the Class D Notes for the Payment Date relating to such Due Period plus (5) the Periodic Interest Amount for the Class E Notes for the Payment Date relating to such Due Period.

Class E Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing:

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Rated Notes as at such Measurement Date.

Class E Interest Coverage Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) Interest Coverage Numerator by (b) the sum of the scheduled interest payments, any Class A3 Commitment Fees and any Class A3 Break Funding Costs each calculated at the Spot Rate of exchange on such Measurement date, due and payable on the Class A Senior Notes, the Class B Senior Notes, the Class C Deferrable Interest Notes, the Class D Deferrable Interest Notes and the Class E Deferrable Interest Notes on the next following Payment Date.

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Interest Coverage Amount by (b) the scheduled interest payments due and payable on the Rated Notes on the next following Payment Date.

Class E Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments on the Class A Notes (with Sterling and Dollar amounts due in respect of the Class A- R Notes converted into Euro at the then prevailing Spot Rate), the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes and the amount of the Class A-R Commitment Fee and Class A-D Commitment Fee, in each case due on the next following Payment Date.

Class E Interest Coverage Ratio means the ratio (expressed as a percentage) that: