Class E Interest Coverage Test definition

Class E Interest Coverage Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class E Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class E Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class E Interest Coverage Ratio is at least equal to 105 per cent.

Class E Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date andwhich will be satisfied on such Measurement Date if the Class E Interest Coverage Ratio is at least equal to 101.00 per cent.

Examples of Class E Interest Coverage Test in a sentence

• In addition, to a lesser extent, an increase in scope, including the Honiara ATC tower renovation works and advisory consultancy, the Solomon Airlines Strategic Options Analysis, and the sealing of 0.9 km for bridge approach, has contributed to the cost overruns of SIRAP.

• The Issuer is not required to satisfy the Class C Interest Coverage Test, the Class D Interest Coverage Test or the Class E Interest Coverage Test until the second Payment Date.

• The "Class E Interest Coverage Test" will be satisfied on any Measurement Date occurring on or after the first Distribution Date if the Class E Interest Coverage Ratio as of such Measurement Date is equal to or greater than 105.00%.

• Interest Coverage Test means the Class A Interest Coverage Test, the Class B Interest Coverage Test, the Class C1 Interest Coverage Test, the Class C2 Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

• Coverage Tests The Coverage Tests will consist of (i) the Class D Par Value Test; (ii) the Class D Interest Coverage Test; (iii) the Class E Par Value Test and (iv) the Class E Interest Coverage Test.

More Definitions of Class E Interest Coverage Test

Class E Interest Coverage Test means, as of any date of determination on and after the Calculation Date relating to the second Payment Date, a test that is satisfied on such date of determination if the Class E Interest Coverage Ratio equals or exceeds 105.0% on such date of determination.

Class E Interest Coverage Test means the test which will be satisfied as of any Measurement Date on or following the Determination Date relating to the third Payment Date if, on such Measurement Date, the Class E Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class E Interest Coverage Test means the test which will be satisfied if, as of the Measurement Date prior to the first Payment Date, the Class E Interest Coverage Ratio is equal to or greater than 100% and, as of any Measurement Date thereafter, the Class E Interest Coverage Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

Class E Interest Coverage Test means the Interest Coverage Test as applied to the Class E Notes.

Class E Interest Coverage Test means a test satisfied on any Measurement Date occurring on or after the Closing 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%.

Class E Interest Coverage Test means the test which will be satisfied (i) as of any Measurement Date falling on or before the second Determination Date, if, on such Measurement Date, the Class E Interest Coverage Ratio is at least 101 per cent and (ii) as of any Measurement Date thereafter, the Class E Interest Coverage Ratio is at least 105 per cent.

Class E Interest Coverage Test means the test which shall be satisfied if as at any Measurement Date, the Class E Interest Coverage Ratio is at least equal to the percentage specified in the definition of “Coverage Test”.