Coverage Condition definition

Coverage Condition means the requirement that for any Calculation Date the Asset Coverage Ratio is greater than or equal to 100.1%.
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Coverage Condition means the requirement that for any Calculation Date the Asset Coverage Ratio is greater than or equal to 100%.
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Coverage Condition means the requirements that (i) for any Calculation Date the Asset Coverage Ratio is greater than or equal to [****]% and (ii) for any Calculation Date on which the Total Outstanding Advances are greater than $10,000,000, the sum of (A) [****], (B) the amounts on deposit in the Collection Account and (C) the amounts on deposit in the Disbursement Account (in each case, as of such Calculation Date) is greater than or equal to the Total Outstanding Advances as of such Calculation Date.
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Examples of Coverage Condition in a sentence

  • Each Student Loan included as an Eligible Student Loan in the calculation of the Coverage Condition, is an Eligible Student Loan.

  • Borrowings of Fair Market Value Recapture Advances are subject to the same conditions precedent as all other Borrowings hereunder provided that in determining whether the Coverage Condition is met for purposes of Section 5.03(d), the proviso in the definition of Coverage Condition shall not apply.

  • By way of illustration only, the Junior Heightened Fixed Charge Coverage Condition is satisfied if Borrower achieves a Fixed Charge Coverage Ratio of 1.15:1.00 for the fiscal quarter ending July 31, 1996 and is not satisfied if Borrower achieves a Fixed Charge Coverage Ratio of 1.14:1.00 for the fiscal quarter ending July 31, 1996.

  • Recall the programclass F a b | a -> b instance F Int Bool instance F a b => F [a] [b]which violates the Coverage Condition because vars([b]) ƒ⊆ vars ([a]).We cannot naively drop the Coverage Condition; but we may impose the followingWeak Coverage Condition.

  • Each Revolving Loan shall bear interest at a Base Rate Option or one or more LIBOR Rate Options as selected by Borrower in accordance with the terms and conditions set forth herein; provided, however, that notwithstanding anything herein to the contrary, at any time that the Senior Debt Coverage Condition shall exist, Borrower shall not select a LIBOR Rate Option with respect to any Revolving Loan.

  • NOTE: In the schedule setup, “Preset” indicates a single setting in which the setting values of Time Coverage, Condition or Action are saved.

  • The minimum Coverage Condition ratio required by the line of credit agreement is 104% and the current ratio as of June 30, 2012 was 101.30%.

  • The Act requires Australian businesses with a certain annual revenue threshold to minimise modern slavery risks in their supply chains through mandatory reporting and continuous improvement.At onboarding, all key suppliers are asked to provide information on their modern slavery practices.

  • Promptly, and in any event within five (5) Business Days of the failure to achieve any milestone set forth in the Milestone Schedule resulting in an adjustment to the Applicable Percentage, Borrower shall issue such additional Equity Instruments as are necessary to satisfy the Equity Instruments Coverage Condition after giving effect to such adjustment.

  • If after making a Monthly Advance described in clause (ii) above, [****] and the Coverage Condition is satisfied within thirty (30) days, then the Master Servicer shall be reimbursed for such Monthly Advance immediately from the Collection Account.


More Definitions of Coverage Condition

Coverage Condition means the requirement that for any Calculation Date the Asset Coverage Ratio is greater than or equal to 100.5%; provided, however, if the rating issued by the Rating Agencies of any Guarantor shall not be at least “A” (or its equivalent) by one or more nationally recognized rating agencies, the Asset Coverage Ratio is greater than 103.0%.
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Coverage Condition shall be deemed to be satisfied if (a) the sum of ------------------
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Related to Coverage Condition

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Minimum Condition has the meaning set forth in Annex I.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Coverage Tests The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied to each specified Class or Classes of Secured Debt.

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Release Condition means the following:

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Business Condition means the financial condition, business, assets, liabilities and operations of a Person.

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned:

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Acceptance Condition means the acceptance condition to any Offer;

  • Terminal condition means an incurable condition caused by injury, disease, or illness that according to reasonable medical judgment will produce death within six months, even with available life-sustaining treatment provided in accordance with the prevailing standard of medical care.

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.

  • Class D Coverage Tests means the Class D Interest Coverage Test and the Class D Par Value Test.