Interest Coverage Tests definition

Interest Coverage Tests means, collectively, the Senior Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.
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Interest Coverage Tests means, collectively, the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, and the Class D Interest Coverage Test and the Class E Interest Coverage Test, which will be satisfied as of any Measurement Date on or after the Determination Date related to the second Payment Date following the Closing Date, if the Interest Coverage Ratio is equal to or greater than the required percentage specified in the table below:Required Interest Class Coverage Ratio (%)
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Interest Coverage Tests means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.
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Examples of Interest Coverage Tests in a sentence

  • For purpose of determining compliance with the Interest Coverage Tests, it will be assumed that any amount required to be paid for taxes, filing and registration fees on the Payment Date immediately following the relevant Due Period shall be equal to the aggregate amount for which the Trustee has received an invoice or demand for payment on or prior to the relevant Measurement Date.


More Definitions of Interest Coverage Tests

Interest Coverage Tests means, collectively, the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test, which will be satisfied as of any Measurement Date, if the Interest Coverage Ratio is equal to or greater than the required percentage specified in the table below: ClassRequired Interest Coverage Ratio(%)A/B 120.00%C 115.00%D 110.00%E 105.00%
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Interest Coverage Tests. Each of the Class A/B Interest Coverage Test, the Class C/D/E Interest Coverage Test and the Class F/G/H Interest Coverage Test.
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Interest Coverage Tests. Collectively, the Class A/B Interest Coverage Test, the Class C Interest Coverage Test and the Class D Interest Coverage Test. There will be no Interest Coverage Test in respect of the Class X Notes, the Class E Notes or the Class F Notes. The Interest Coverage Test in respect of each Class or Classes of Secured Notes (other than the Class X Notes, the Class E Notes and the Class F Notes) is a test the first Measurement Date for which will be on the Determination Date related to the third Payment Date after the Closing Date and that is satisfied with respect to any specified Class or Classes of Secured Notes (other than the Class X Notes, the Class E Notes and the Class F Notes) if, as of the Determination Date related to the third Payment Date after the Closing Date and any Measurement Date thereafter on which any Secured Notes (other than the Class X Notes, the Class E Notes and the Class F Notes) remain Outstanding, the Interest Coverage Ratio equals or exceeds the applicable Required Level specified in the table below for the Class or Classes: Test Required Level Class A/B Interest Coverage Test 120.0% Class C Interest Coverage Test 115.0% Class D Interest Coverage Test 110.0%
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Interest Coverage Tests means the Senior Interest Coverage Test or the Class C Interest Coverage Test or the Class D Interest Coverage Test or the Class E Interest Coverage Test (as applicable);
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Interest Coverage Tests. The Class C Interest Coverage Test, the Class D Interest Coverage Test, Class E Interest Coverage Test, Class F Interest Coverage Test, the Class G Interest Coverage Test, as applicable. The Interest Coverage Test with respect to each Class of Notes is satisfied as of any Payment Date when the Interest Coverage Ratio for such Class is equal to or exceeds the required level set forth below: Interest Coverage Test Required Interest Coverage Ratio Class C Interest Coverage Test 135.00 % Class D Interest Coverage Test 132.00 % Class E Interest Coverage Test 129.00 % Class F Interest Coverage Test 125.00 % Class G Interest Coverage Test 121.00 %
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Interest Coverage Tests. The Class A/B Interest Coverage Test, the Class C Interest Coverage Test and the Class D Interest Coverage Test.
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Related to Interest Coverage Tests

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

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

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

  • 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.

  • Interest Coverage Ratio means, as of any date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the Test Period as of such date.

  • Debt Coverage Ratio or “DCR” means the ratio of a Project’s net operating income (rental income less Operating Expenses and reserve payments) to foreclosable, currently amortizing debt service obligations.