Coverage Test definition

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.

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 and each shall be satisfied on a Measurement Date if the corresponding Par Value Ratio or Interest Coverage Ratio (as the case may be) is at least equal to the percentage specified in the table below in relation to that Coverage Test. Coverage test and ratio

Coverage Test means each of (i) the Maximum Advance Rate Test and (ii) the Interest Coverage Ratio Test.

Examples of Coverage Test in a sentence

• The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.

• The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class D Notes.

• The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class B Notes.

• The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes.

• If the Employer's Plan is a Nonstandardized Plan, the Employer may elect in its Adoption Agreement to suspend the accrual requirements elected under Adoption Agreement Section 3.06 if, for any Plan Year beginning after December 31, 1989, the Plan fails to satisfy the Participation Test or the Coverage Test.

More Definitions of Coverage Test

Coverage Test has the meaning specified in Section 5.4(c).

Coverage Test means each of (a) the Minimum OC Coverage Test and (b) the Interest Coverage Ratio Test.

Coverage Test means each of:

Coverage Test means the coverage test (test równowagi pokrycia) as defined in the Polish Covered Bonds Act, performed by the Bankruptcy Receiver to determine whether the Separate Bankruptcy Asset Pool is sufficient to satisfy all of the Bank's obligations towards all holders of outstanding covered bonds issued by the Bank in full;

Coverage Test has the meaning given to it in Clause 25.16 (Guarantors).

Coverage Test means the Minimum OC Coverage Test and the Interest Coverage Ratio Test.

Coverage Test means each of (a) the Maximum Advance Rate Test and (b) the Interest Coverage Ratio Test.