Fitch Preferred Shares Asset Coverage definition

Fitch Preferred Shares Asset Coverage means, as of a particular date or time, sufficient asset coverage with respect to the Preferred Shares such that the Trust is satisfying both the (i) Fitch Total OC Test and the (ii) Fitch Net OC Test as of such date or time.
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Examples of Fitch Preferred Shares Asset Coverage in a sentence

  • Additionally, on or before 5:00 p.m., New York City time, on the third Business Day after the first day of a Special Dividend Period, the Trust will deliver (i) a Fitch Preferred Shares Asset Coverage Report to the Auction Agent and Fitch Ratings and (ii) a Moody’s Preferred Shares Asset Coverage Report to the Auction Agent and Moody’s.

  • The Trust will also deliver (i) a Fitch Preferred Shares Asset Coverage Report to the Auction Agent and Fitch Ratings as of each Monthly Valuation Date on or before the third Business Day after such date and (ii) a Moody’s Preferred Shares Asset Coverage Report to the Auction Agent and Moody’s as of each Quarterly Valuation Date on or before the third Business Day after such date.

  • The Trust shall also provide (i) Fitch Ratings with a Fitch Preferred Shares Asset Coverage Report when specifically requested by Fitch Ratings or as otherwise required under the Fitch Criteria and (ii) Moody’s with a Moody’s Preferred Shares Asset Coverage Report when specifically requested by Moody’s.

  • Upon any failure to maintain Fitch Preferred Shares Asset Coverage or Moody’s Preferred Shares Asset Coverage, the Trust will use its best efforts to alter the composition of its portfolio to achieve both Fitch Preferred Shares Asset Coverage and Moody’s Preferred Shares Asset Coverage on or prior to the Rating Agency Preferred Shares Asset Coverage Cure Date.

  • Additionally, on or before 5:00p.m., New York City time, on the third Business Day after the first day of a Special Dividend Period, the Trust will deliver (i) a Fitch Preferred Shares Asset Coverage Report to the Auction Agent and Fitch and (ii) a Moody’s Preferred Shares Asset Coverage Report to the Auction Agent and Moody’s.

  • The Trust will also deliver (i) a Fitch Preferred Shares Asset Coverage Report to the Auction Agent and Fitch as of each Monthly Valuation Date on or before the third Business Day after such date and (ii) a Mxxxx’x Preferred Shares Asset Coverage Report to the Auction Agent and Mxxxx’x as of each Quarterly Valuation Date on or before the third Business Day after such date.

  • The Trust shall also provide (i) Fitch with a Fitch Preferred Shares Asset Coverage Report when specifically requested by Fitch or as otherwise required under the Fitch Criteria and (ii) Moody's with a Moody's Preferred Shares Asset Coverage Report when specifically requested by Moody's.

  • Also, on or before 5:00 p.m., New York City time, on the first Business Day after Common Shares are repurchased by the Trust, the Trust will complete and deliver (i) a Fitch Preferred Shares Asset Coverage Report to Fitch Ratings and (ii) a Moody's Preferred Shares Asset Coverage Report to Moody's, in each case as of the close xx xxxxness on such date that Common Shares are repurchased.

  • Xxxx any failure to maintain Fitch Preferred Shares Asset Coverage or Moody's Preferred Shares Asset Coveragx, xxx Trust will use its best efforts to alter the composition of its portfolio to achieve both Fitch Preferred Shares Asset Coverage and Moody's Preferred Shares Asset Coveragx xx xx prior to the Rating Agency Preferred Shares Asset Coverage Cure Date.

  • This Agreement and each Right Certificate issued hereunder shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State.

Related to Fitch Preferred Shares Asset Coverage

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

  • Purchaser Preferred Stock means shares of preferred stock, par value $0.0001 per share, of Purchaser.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series B-1 Preferred Shares means the Series B-1 Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series H Preferred Stock means shares of the Company’s Series H Preferred Stock, par value $0.0001 per share.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • New Preferred Stock means the Series B-1 Preferred Stock and the Series B-2 Preferred Stock.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.