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

Overcollateralization Ratio. With respect to any specified Class or Classes of Secured Notes as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Secured Notes of such Class or Classes, each Priority Class of Secured Notes and each Pari Passu Class of Secured Notes.

Overcollateralization Ratio means, with respect to any specified Class or Classes of Secured Notes as of any date of determination, the percentage derived from:

Examples of Overcollateralization Ratio in a sentence

For purposes of calculating the Overcollateralization Ratio Tests, assets held by any ETB Subsidiary that constitute Equity Securities will be treated as Equity Securities owned by the Issuer.
For purposes of calculating the Overcollateralization Ratio Tests, assets held by any Issuer Subsidiary that constitute Equity Securities will be treated as Equity Securities owned by the Issuer.
For the avoidance of doubt, Notes may only be surrendered for cancellation in accordance with Section 2.9 and any Note that is purported to be surrendered by its Holder for cancellation without payment shall continue to remain "Outstanding" for all purposes under this Indenture, including without limitation the calculation of the Overcollateralization Ratio, until such Note otherwise ceases to be "Outstanding" in accordance with the terms of this definition.
Manager Contributions will be repaid to the Collateral Manager on the first Payment Date on which the applicable Coverage Test could be satisfied by more than 0.50% over the required Overcollateralization Ratio or required Interest Coverage Ratio, as applicable, without the Manager Contribution and subsequent Payment Dates until paid in full (such applicable amount, the “Manager Contribution Repayment Amount”).
Coverage Tests: The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied to each specified Class of Secured Notes.

More Definitions of Overcollateralization Ratio

Overcollateralization Ratio. With respect to any specified Class or Classes of Secured Debt as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Secured Debt of such Class or Classes, each Priority Class of Secured Debt and each Pari Passu Class of Secured Debt.

Overcollateralization Ratio means, for any Measurement Date, with respect to any specified Class or Classes of Secured Notes, the number (expressed as a percentage) calculated by dividing:

Overcollateralization Ratio means, as of any date, each ratio, calculated in accordance with the applicable Rating Agency Guidelines, of (a) the Discounted Value of the Corporation’s assets to (b) the aggregate liquidation preference of outstanding Preferred Shares plus certain liabilities of the Corporation.

Overcollateralization Ratio means, for any Measurement Date, with respect to any specified Class or Classes of Secured Notes (other than the Class X Notes), the number (expressed as a percentage) calculated by dividing:

Overcollateralization Ratio. With respect to any specified Class or Classes of Notes as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Notes of such Class or Classes (including, in the case of the Class C Notes, the Class D Notes or the Class E Notes, any accrued Deferred Interest that remains unpaid) and each Priority Class of Notes.

Overcollateralization Ratio means the percentage equivalent of a fraction, the numerator of which is the Principal Collateralization Amount and the denominator of which is the Borrower Liabilities.

Overcollateralization Ratio means, as of any date of determination, (A) the sum, without duplication, of (1) the Aggregate Adjusted Borrowing Value as of such date (except if the Aggregate Adjusted Borrowing Value of an Eligible Collateral Loan is zero as a result of the application of clause (c) of the definition of Assigned Value, then such Eligible Collateral Loan shall instead be valued at its Fair Value for purposes of this clause (1)) plus (2) the Fair Value of all other Overcollateralization Assets as of such date divided by (B) the sum of Advances Outstanding plus the Unfunded Exposure Amount as of such date.