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. 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. 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. The Class A/B Interest Coverage Test, the Class C Interest Coverage Test and the Class D Interest Coverage Test.
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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 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 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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Related to Interest Coverage Tests

  • Asset Coverage Test is met if the Adjusted Aggregate Asset Amount (as defined below) shall be in an amount at least equal to the Canadian Dollar Equivalent of the aggregate Principal Amount Outstanding of the Covered Bonds as calculated on the relevant Calculation Date. For greater certainty, references in this Schedule to “immediately preceding Calculation Date” and “previous Calculation Date” are to the Calculation Period ending on the Calculation Date.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • 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.

  • Interest Cover Ratio means, on each Measurement Date, the ratio of (a) EBITDA to (b) Net Interest Charged in respect of the Measurement Period ending on that Measurement Date;

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to (b) Consolidated Interest Expense for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).