Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied to each specified Class or Classes of Secured Debt.
Coverage Tests means each of the Overcollateralization Ratio Test and the Interest Coverage Ratio Test.
Coverage Tests means, collectively, the Class A/B Coverage Tests, the Class C Coverage Tests, the Class D Coverage Tests and the Class E Overcollateralization Test.
Examples of Coverage Tests in a sentence
If any of the Coverage Tests are not satisfied as of the related Calculation Date, the Loans will be prepaid in whole or in part on the applicable Quarterly Payment Date in accordance with Sections 9.1(a)(i)(F) and 9.1(a)(i)(H) or 9.1(a)(ii)(A).
More Definitions of Coverage Tests
Coverage Tests means the Par Value Tests and the Interest Coverage Tests. For purposes of the Coverage Tests:
Coverage Tests. The Overcollateralization Ratio Test and the Interest Coverage Test.
Coverage Tests. The Class A/B Coverage Tests, the Class C/D/E Coverage Tests and the Class F/G/H Coverage Tests.
Coverage Tests. The Class A/B Overcollateralization Ratio Test and the Class A/B Interest Coverage Test.
Coverage Tests 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 F Par Value Test.
Coverage Tests. “Eligibility Criteria”, “First Lien/Last Out Loan”, “Lender Advance Rate”, “Lender Advance Rate LTV Trigger”, “Majority Lenders”, “Market Trigger”, “Principal Collateralization Amount”, “Recurring Revenue Loan”, “Second Lien Loan”, “Senior Secured Bond”, “Senior Secured Loan”, or any defined term used therein, in each case in a manner which would have the effect of making additional credit available to the Borrower, or making such provision less restrictive on the Borrower in any other material fashion or (ii) any agreement to the direct or indirect subordination of any lien or claim securing the Obligations in connection with this Agreement.
Coverage Tests means collectively, the Senior Coverage Tests, the Class C Coverage Test, the Class D Coverage Test and the Class E Coverage Test.