Net Present Value Test definition

Net Present Value Test means the test which will be carried out pursuant to the terms of the Cover Pool Management Agreement as better detailed in section entitled "Credit Structure" above.
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Net Present Value Test means the Test as described in the Cover Pool Management Agreement.
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Net Present Value Test means the Test as described in the section of the Prospectus entitled "Credit Structure – Mandatory Tests – Net Present Value Test".
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Examples of Net Present Value Test in a sentence

  • The Net Present Value Test must also be satisfied under the assumption of parallel shifts of the yield curve by 200 basis points.

  • Compliance with Statutory TestsThe Servicer shall verify as of each Calculation Date, as of each Issue Date and, following an Issuer Event, as of each Monthly Calculation Date that the Cover Pool satisfies the Nominal Value Test, the Net Present Value Test and the Interest Cover Test (collectively, the Statutory Tests and each a Statutory Test).

  • It is either a fixed or floating rate loan or a combination of both.The Servicer shall verify as of each Calculation Date, as of each Issue Date and, following an Issuer Event, as of each Monthly Calculation Date that the Cover Pool satisfies the Nominal Value Test, the Net Present Value Test and the Interest Cover Test (collectively, the Statutory Tests and each a Statutory Test).

  • In addition, for the purposes of the Net Present Value Test, the Issuer must ensure that the net present value of the Hedging Agreements and the amounts standing to the credit of theTransaction Account (other than the amounts standing to the credit of the Commingling Reserve Ledger) are in aggregate less than or equal to 15 per cent.

  • In addition, for the purposes of the Net Present Value Test, the Issuer must ensure that the net present value of the Hedging Agreements and the amounts standing to the credit of the Transaction Account (other than the amounts standing to the credit of the Commingling Reserve Ledger) are in aggregate less than or equal to 15 per cent.

  • A Standardized Net Present Value Test Provides for Screening of Loan Modifications that Benefit the Investor.

  • A Standardized Net Present Value Test Provides for Screening of Loan Modifications that Benefit the Investor 42 2.

  • Monitoring of the Cover Pool Prior to the occurrence of an Issuer Event, the Servicer shall verify thatthe Cover Pool satisfies the following aggregate criteria: (i) the Cover Pool satisfies the Nominal Value Test; (ii) the Cover Pool satisfies the Net Present Value Test; and (iii) the Cover Pool satisfies the Interest Cover Test, (collectively, the Statutory Tests{ XE “Statutory Test” } and each aStatutory Test{ XE “Statutory Test” }).

  • Monitoring of the Cover PoolPrior to the occurrence of an Issuer Event, the Servicer shall verify that: (a) the Cover Pool satisfies the Nominal Value Test on each Calculation Date; (b) the Cover Pool satisfies the Net Present Value Test on each Calculation Date; and (c) the Cover Pool satisfies the Interest Cover Test on each Calculation Date, (collectively, the Statutory Tests and each a Statutory Test).

  • Either of them must meet the test of financial soundness known as the Net Present Value Test.


More Definitions of Net Present Value Test

Net Present Value Test means the test to be calculated pursuant to the terms of the Cover Pool Management Agreement so that the net present value of the Cover Pool (including the payments of any nature expected to be received by the Guarantor with respect to any Swap Agreement), net of the transaction costs to be borne by the Guarantor (including the payments of any nature expected to be borne or due with respect to any Swap Agreement) shall be higher than or equal to the net present value of all Series of Covered Bonds issued under the Programme and not cancelled or redeemed in full in accordance with their Terms and Conditions at the relevant Calculation Date.
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Related to Net Present Value Test

  • Net Present Value means the net present value calculated as at 30 September in the year in which the relevant Reference Notice is given or, where in any year no Reference Notice is given under paragraph 14 but the Water Services Regulation Authority gives a notice to the Appointee under paragraph 15, as at 30 September in the year in which the Water Services Regulation Authority gives the notice, by discounting subsequent cash flows and inflating earlier cash flows at the Appropriate Discount Rate, assuming all cash flows in any Charging Year occur on 30 September in that Charging Year; a "Notified Item" is any item notified by the Water Services Regulation Authority to the Appointee as not having been allowed for (either in full or at all) in making a Relevant Determination; and for the purpose of this definition:

  • Remaining Present Value means, as of any date with respect to any lease, the present value as of such date of the scheduled future lease payments with respect to such lease, determined with a discount rate equal to a market rate of interest for such lease reasonably determined at the time such lease was entered into.

  • Discounted present value means the present value of future payments determined by discounting the payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the internal revenue service.

  • Present Value means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate was not manifestly unreasonable at the time the transaction was entered into; otherwise, the discount is determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into.

  • COVID-19 test means a viral test for SARS-CoV-2 that is:

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 6.00%.

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • DNS test Means one non-­‐recursive DNS query sent to a particular “IP address” (via UDP or TCP). If DNSSEC is offered in the queried DNS zone, for a query to be considered answered, the signatures must be positively verified against a corresponding DS record published in the parent zone or, if the parent is not signed, against a statically configured Trust Anchor. The answer to the query must contain the corresponding information from the Registry System, otherwise the query will be considered unanswered. A query with a “DNS resolution RTT” 5 times higher than the corresponding SLR, will be considered unanswered. The possible results to a DNS test are: a number in milliseconds corresponding to the “DNS resolution RTT” or, undefined/unanswered.

  • Plant Test Date or "PTD" means the date acceptance testing is performed with CLEC. "Point of Interface", "Point of Interconnection," or "POI" is a demarcation between the networks of two (2) LECs (including a LEC and CLEC). The POI is that point where the exchange of traffic takes place.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • Interest Coverage Test 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.

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

  • Fit test means the use of a protocol to qualitatively or quantitatively evaluate the fit of a respirator on an individual.

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

  • Asset Test means, for an Asset Review, each Test, as defined in the Asset Representations Review Agreement, in Schedule A to the Asset Representations Review Agreement to be performed by the Asset Representations Reviewer on the related Asset Review Receivables.

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.

  • LCA Test Date has the meaning specified in Section 1.03(e).