OC Ratio Breach definition

OC Ratio Breach means, on any Business Day, a failure of the Minimum OC Coverage Test.
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OC Ratio Breach means, as of any Business Day, a failure of the OC Ratio to be equal to or greater than 1.
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OC Ratio Breach means, as of any Business Day, a failure of the OC Ratio to be equal to or greater than 1. “OC Ratio Posting Account” has the meaning specified in Section 3(a) hereof.
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Examples of OC Ratio Breach in a sentence

  • Notwithstanding anything to the contrary in this Agreement, if an OC Ratio Breach has occurred, within ten (10) Business Days of the occurrence of such OC Ratio Breach, the Equityholder may, but shall not be required to, cure such condition by making a cash payment into the Trust Account in an amount that would cause such OC Ratio Breach to be cured after giving effect to such payment into the Trust Account (any such payment, an “OC Ratio Posting Payment”).


More Definitions of OC Ratio Breach

OC Ratio Breach means, as ofon any Business Day, a failure of the OC Ratio to be equal to or greater than
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Related to OC Ratio Breach

  • Equity Ratio means the ratio of Equity to Total Assets.

  • Expense Ratio is defined as a Fund's annual investment management fees and expenses (excluding taxes, interest, all brokerage commissions, other normal charges incident to the purchase and sale of portfolio securities, and extraordinary expenses) as a percentage of such Fund's daily net asset value.