Overcollateralisation Ratio definition

Overcollateralisation Ratio means the Class A/B Overcollateralisation Ratio, the Class C Overcollateralisation Ratio and the Class D Overcollateralisation Ratio.
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Overcollateralisation Ratio means the Senior Overcollateralisation Ratio or the Class C Overcollateralisation Ratio or the Class D Overcollateralisation Ratio or the Class E Overcollateralisation Ratio (as applicable);
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Overcollateralisation Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Net Portfolio Collateral Balance by the aggregate of the principal amount then Outstanding under the Senior Notes (converted where appropriate to Euros at the Spot Rate).
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Examples of Overcollateralisation Ratio in a sentence

  • Failure to maintain compliance with the Asset Cover Test and/or Minimum Overcollateralisation Ratio may result in the Issuer having insufficient funds to meet its obligations under the Covered Bonds.

  • TheCoverage Tests will include the following: (i) the Senior Overcollateralisation Ratio Test; (ii) the Class B Overcollateralisation Ratio Test; (iii) the Class C Overcollateralisation Ratio Test; (iv) the Class D Overcollateralisation Test; and (v) the Senior Interest Coverage Test.

  • Each of the Coverage Tests shall be satisfied on a Measurement Date on or after the Target Date if the corresponding Overcollateralisation Ratio on such Measurement Date is at least equal to the percentage specified in the table below in relation to the respective Coverage Test.

  • If the total value of the Cover Pool is likely to fall below the Required Overcollateralisation Ratio or cover assets fail to satisfy the Cover Pool eligibility criteria set forth in the Covered Bond Act (the “Cover Asset Eligibility”), the issuer shall add or substitute the Underlying As- sets and Liquid Assets without delay in order to comply with the Required Overcollateralisation Ratio and the Cover Asset Eligibility.

  • The Collateral Enhancement Ratio Test will be satisfied on any Determination Date in the event the Class E Overcollateralisation Ratio is at least105.4 per cent.

  • Failure to maintain compliance with the Asset Cover Test and/or Minimum Legal Overcollateralisation Ratio may result in the Issuer having insufficient funds to meet its obligations under the Covered Bonds.

  • As of the date of this Base Prospectus, the Minimum Legal Overcollateralisation Ratio provided in the SFH Legal Framework is of at least one hundred and five per cent (105%).

  • Minimum Legal Overcollateralisation Ratio CRH must at all times maintain a cover ratio (ratio de couverture) between its eligible assets and its liabilities benefiting from the Privilège.

  • If the total value of the Cover Pool is likely to fall below the Required Overcollateralisation Ratio or cover assets fail to satisfy the Cover Pool eligibility criteria set forth in the Covered Bond Act (the “Cover Asset Eligibility”), the issuer shall add or substitute the Underlying Assets and Liquid Assets without delay in order to comply with the Required Overcollateralisation Ratio and the Cover Asset Eligibility.

  • Each of the Overcollateralisation Tests and Interest Coverage Tests shall be satisfied on a Measurement Date on or after the Effective Date if the corresponding Overcollateralisation Ratio or Interest Coverage Ratio (as the case may be) is at least equal to the percentage specified in the table below in relation to that Coverage Test.

Related to Overcollateralisation Ratio

  • Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

  • Overcollateralization Target Amount means, with respect to any Distribution Date, 4.75% of the Pool Balance as of the Cutoff Date.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.