Interest Coverage Test Date definition

Interest Coverage Test Date means the Determination Date preceding each Payment Date occurring on or after the second Payment Date.
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Interest Coverage Test Date means the second Payment Date after the Closing Date. "Interest Coverage Tests" means, collectively, the Class A/B Interest Coverage Test, the
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Interest Coverage Test Date. The second Payment Date after the Closing Date.
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Examples of Interest Coverage Test Date in a sentence

  • A test that is satisfied with respect to any Class or Classes of Secured Notes (other than the Class E Notes) as of any date of determination on, or subsequent to the Initial Interest Coverage Test Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Secured Notes are no longer outstanding.

  • A test that is satisfied with respect to any Class or Classes of Secured Notes as of any date of determination on, or subsequent to, the Initial Interest Coverage Test Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Secured Notes is no longer outstanding.

  • A test that is satisfied with respect to any specified Class of Notes, on or after the Interest Coverage Test Date, and at any date of determination occurring thereafter (i) the Interest Coverage Ratio for such Class is at least equal to the applicable Required Coverage Ratio for such Class, or (ii) such Class is no longer outstanding.

  • A test that is satisfied with respect to any Class or Classes of Secured Notes as of any date of determination on, or subsequent to, the Determination Date occurring immediately prior to the second Paymentapplicable Initial Interest Coverage Test Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Secured Notes are no longer outstanding.

  • A test that is satisfied with respect to any Class or Classes of Secured Notes (other than the Class E Notes) as of any date of determination on, or subsequent to, Interest Coverage Test Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or(ii) such Class or Classes of Secured Notes is no longer outstanding.

  • During the Ramp-up Period, the Investment Manager, on behalf of the Issuer, will seek to acquire additional Collateral Debt Obligations in order to satisfy each of the Coverage Tests, Collateral Quality Tests, Percentage Limitations and Target Par Amount requirement as at the Effective Date (other than in respect of the Interest Coverage Tests, which are required to be satisfied on each Interest Coverage Test Date).

  • A test that is satisfied with respect to any Class of Rated Notes on or after the Initial Interest Coverage Test Date, if (i) the Interest Coverage Ratio for such Class on such date is at least equal to the Required Interest Coverage Ratio for such Class or (ii) such Class of Rated Notes is no longer Outstanding.

  • During the Ramp-up Period, the Investment Manager on behalf of the Issuer, will seek to acquire additional Collateral Debt Obligations in order to satisfy, as at the Effective Date, the Target Par Amount and each of the Coverage Tests (other than in respect of the Interest Coverage Tests, which are required to be satisfied on and after the Interest Coverage Test Date), Collateral Quality Tests and Percentage Limitations.

  • During the Ramp-up Period, the Investment Manager on behalf of the Issuer, will seek to acquire additional Collateral Debt Obligations in order to satisfy, as at the Effective Date, the Target Par Amount and each of the Coverage Tests (other than in respect of the Interest Coverage Tests, which are required to be satisfied on and after the Interest Coverage Test Date, Collateral Quality Tests and Percentage Limitations.


More Definitions of Interest Coverage Test Date

Interest Coverage Test Date means the [third] Payment Date after the AmendmentDate.
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Interest Coverage Test Date means the third Payment Date after the Closing Date. "Interest Coverage Tests" means, collectively, the Class A/B Interest Coverage Test, theClass C Interest Coverage Test and the Class D Interest Coverage Test, which will be satisfied as of any Measurement Date on or after the Determination Date related to the Interest Coverage Test Date, if the Interest Coverage Ratio is equal to or greater than the required percentage specified in the table below: Required InterestClass Coverage Ratio (%)
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Interest Coverage Test Date. The Determination Date immediately preceding the second Payment Date following the 2024 Closing Date. "Interest Determination Date": The second U.S. Government Securities Business Day preceding the first day of each Interest Accrual Period. "Interest Only Obligation": Any obligation or security that does not provide in the related Underlying Instruments for the payment or repayment of a stated principal amount in one or more installments on or prior to its stated maturity.
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Interest Coverage Test Date means the third Payment Date after the First Refinancing Date.
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Interest Coverage Test Date means the second Payment Date after the 2024 Closing
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Related to Interest Coverage Test Date

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.00 per cent.

  • Class C Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class C Interest Coverage Ratio is at least equal to 110.0 per cent.

  • Class D Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class D Interest Coverage Ratio is at least equal to 105.0 per cent.

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

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Class A/B Coverage Tests means the Class A/B Interest Coverage Test and the Class A/B Par Value Test.

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

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