Class E Overcollateralization Test definition
Class E Overcollateralization Test means the Overcollateralization Test as applied to the Class E Notes.
Class E Overcollateralization Test means a test 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 Overcollateralization Ratio on such Measurement Date is equal to or greater than 101.02%.
Class E Overcollateralization Test. The Overcollateralization Ratio Test as applied with respect to the Class E Notes.
More Definitions of Class E Overcollateralization Test
Class E Overcollateralization Test. A test that will be satisfied on any Measurement Date if the Class E Overcollateralization Ratio is at least equal to the specified Required Level indicated in the table in the definition of "Overcollateralization Test."
Class E Overcollateralization Test means, for so long as any Class A Notes, Class B Notes, Class C Notes, Class D Notes or Class E Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the Closing Date if the Class E Overcollateralization Ratio on such Measurement Date is equal to or greater than 101.9%. It is expected that, on the Effective Date, the Class E Overcollateralization Ratio will be approximately 104.2%.