IC Ratio Breach definition

IC Ratio Breach means, on any Determination Date, a failure of the IC Ratio to be equal to or greater than 150%.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

IC Ratio Breach means, as of any date of determination prior to the CLO Pricing Date, if the IC Ratio is less than 125.0%.

IC Ratio Breach means, on any Determination Date, a failure of the IC Ratio to be equal to or greater than

More Definitions of IC Ratio Breach

IC Ratio Breach means, on any Determination Date, a failure of the IC Ratio to be equal to or greater than 150%. “Increased Costs” means any amounts required to be paid by the Borrower pursuant to Section 13(p).