Collateral Coverage Test shall have the meaning given to such term in Section 6.03.
Collateral Coverage Test means, on any date, the requirement that the Appraised Value of the Pool Assets on such date shall not be less than an amount equal to 1.25 times the Total Commitment on such date (or, after termination of the Commitments, the sum of the aggregate outstanding amount of Loans and L/C Obligations).
Collateral Coverage Test has the meaning specified in Section 5.10.
Examples of Collateral Coverage Test in a sentence
The Administrative Agent shall have received the Initial Appraisal Report, and such Appraisal Report shall demonstrate that, at the time the Lenders make the initial Term Loans and after giving effect thereto, the Borrower shall be in compliance on a pro forma basis with the Collateral Coverage Test.
More Definitions of Collateral Coverage Test
Collateral Coverage Test has the meaning set forth in Section 2.06(a).
Collateral Coverage Test means that, as of the end of the applicable Fiscal Quarter of the Borrower, the ratio of (a) sum of (i) Borrower Assets minus (ii) the average daily Outstandings for such Fiscal Quarter to (b) the average daily Outstandings for such Fiscal Quarter shall exceed 3.0 to 1.0.
Collateral Coverage Test means, on any date, the requirement that the Appraised Value of the Pool Assets on such date that are subject to the Lien of the Aircraft Mortgage or to the Lien of an aircraft mortgage granted by a Grantor of Collateral after the Effective Date, in substantially the form of Exhibit G, in favor of the Collateral Agent and filed with the FAA, shall not be less than an amount equal to 1.25 times the Total Commitment on such date (or, after termination of the Commitments, the sum of the aggregate outstanding amount of Loans and L/C Obligations).
Collateral Coverage Test means, at any date, the requirement that the Collateral Value at such date equal or exceed the aggregate amount of the Credit Exposures at such date.
Collateral Coverage Test means, on any date, the requirement that the Appraised Value of the Pool Assets on such date shall not be less than an amount equal to 1.5 times the sum of(x) the Total Commitment on such date (or, after termination of the Commitments, the sum of the aggregate outstanding amount of Loans and L/C Obligations) plus (y) the "Total Commitment" on such date (or, after termination of the "Commitments", the sum of the aggregate outstanding amount of "Loans"); capitalized terms used in this clause (y) shall have the meaning assigned thereto in the 364-Day Agreement.
Collateral Coverage Test means, on any date, the requirement that the Appraised Value of the Pool Assets on such date that are subject to the Lien of the Aircraft Mortgage or to the Lien of an aircraft mortgage granted by a Grantor of Collateral after the Effective Date, in substantially the form of Exhibit G, in favor of the Administrative Agent and filed with the FAA, shall not be less than an amount equal to
Collateral Coverage Test means, on any date, the requirement that the Appraised Value of the Pool Assets on such date that are subject to the Lien of the Aircraft Mortgage or to the Lien of an aircraft mortgage granted by a Grantor of Collateral after the Effective Date, in substantially the form of Exhibit G, in favor 509265-1983-14872-Active.19588122.12 of the Collateral Agent and filed with the FAA, shall not be less than an amount equal to 1.25 times the Total Commitment on such date (or, after termination of the Commitments, the sum of the aggregate outstanding amount of Loans and L/C Obligations).