Class E Overcollateralisation Ratio definition

Class E Overcollateralisation Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Net Portfolio Collateral Balance by the aggregate of the Senior Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes Outstanding.
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Class E Overcollateralisation Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Overcollateralisation Numerator by the sum of (a) the aggregateprincipal amount of the Class A Notes Outstanding, (b) the aggregate principal amount of the Class B Notes Outstanding (c) the aggregate principal amount of the Class C Notes Outstanding; (d) the aggregate principal amount of the Class D Notes Outstanding; and (e) the aggregate principal amount of the Class E Notes Outstanding;
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Class E Overcollateralisation Ratio means the ratio (expressed as a percentage) obtained by dividing (a) the Net Portfolio Collateral Balance by (b) the sum of the Aggregate Principal Amount of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes Outstanding and any outstanding Class D Deferred Interest and Class E Deferred Interest.
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Examples of Class E Overcollateralisation Ratio in a sentence

  • The Collateral Enhancement Ratio Test will be satisfied on any Determination Date in the event the Class E Overcollateralisation Ratio is at least105.4 per cent.

  • Payments of principal and interest on each Class of Notes will rank pari passu in right of payment amongst such Class of Notes (other than the Senior Notes which may be redeemed and repaid in accordance with the Senior Note Redemption Method and the Multi-Currency Provisions set forth in Condition 3(c)(v) (Multi-Currency Provisions), as applicable, provided that the Class E Overcollateralisation Ratio is greater than 103.5 per cent.

  • For the avoidance of doubt, (A) if the Class E Overcollateralisation Ratio is less than such percentage, the Multicurrency Provisions or, as the case may be, the Pari-Passu Provisions shall apply and (B) there shall not be any conversion of one currency to another where the Senior Note Redemption Method applies unless the Senior Note liabilities of one currency have been paid in full and there is excess amounts in such currency in which case Condition 3(c)(v) ( Multi-Currency Provisions) shall apply.

  • The Collateral Enhancement Ratio Test will be satisfied on any Determination Date in the event the Class E Overcollateralisation Ratio on such Determination Date is at least 105.01 per cent.

  • Class E Overcollateralisation Ratio: The Class E Overcollateralisation Ratio is equal to the ratio (expressed as a percentage) obtained by: Dividing (a) the Par Coverage Amount By (b) the aggregate principal amount of the Class A1 Notes, the Class A2 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes Outstanding (which, for the avoidance of doubt, means with respect to the Class A1VF Notes, the Class A1VF Amount).


More Definitions of Class E Overcollateralisation Ratio

Class E Overcollateralisation Ratio means as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Par Coverage Amount; by (b) the aggregate principal amount of the Class A1 Notes, the Class A2 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes Outstanding (which for the avoidance of doubt, means with respect to the Class A1VF Notes, the Class A1VF Amount).
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Class E Overcollateralisation Ratio means the ratio (expressed as a percentage) between (a) the Net Portfolio Collateral Balance and (b) the Class E Principal Denominator;
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Class E Overcollateralisation Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Overcollateralisation Numerator on such Measurement Date by the sum of
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Related to Class E Overcollateralisation Ratio

  • 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.

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Overcollateralization Target Amount means, with respect to any Distribution Date, 4.75% of the Pool Balance as of the Cutoff Date.

  • 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.