Overcollateralization Ratio Test. A test that is satisfied with respect to any Class or Classes of Notes as of the Effective Date (and any other date thereafter on which such test is required to be determined hereunder), if (i) the Overcollateralization Ratio for such Class or Classes on such date is at least equal to the Required Overcollateralization Ratio for such Class or Classes or (ii) such Class or Classes of Notes is no longer outstanding.
Overcollateralization Ratio Test means a test satisfied on any Measurement Date if the Overcollateralization Ratio equals or exceeds 138.46%.
Overcollateralization Ratio Test. With respect to the designated Class or Classes of Secured Notes, a test that is satisfied as of any Measurement Date occurring on or after the Effective Date if (i) the applicable Overcollateralization Ratio, as the case may be, is at least equal to the applicable Required Overcollateralization Ratio or (ii) such Class or Classes of Secured Notes are no longer outstanding.
Examples of Overcollateralization Ratio Test in a sentence
The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.
The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class D Notes.
The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class B Notes.
The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes.
The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class E Notes.
More Definitions of Overcollateralization Ratio Test
Overcollateralization Ratio Test means a test satisfied on any Measurement Date if the Overcollateralization Ratio equals or exceeds (i) except if clause (ii) applies, 160.71% or (ii) if a Senior Advance Rate Trigger Event has occurred and is continuing pursuant to (x) clause (a) of the definition thereof, 166.67% or (y) clause (b) of the definition thereof, 173.08%.
Overcollateralization Ratio Test means a test satisfied on any Measurement Date if the Overcollateralization Ratio equals or exceeds 159.09%. “Parent” means Owl Rock Capital Corporation, a Maryland corporation.
Overcollateralization Ratio Test. A test that is satisfied with respect to the Secured Notes as of any date of determination on which such test is applicable if (i) the Overcollateralization Ratio on such date is at least equal to the Required Overcollateralization Ratio or (ii) the Secured Notes are no longer outstanding.
Overcollateralization Ratio Test. A test that is satisfied as of any Measurement Date, if the Overcollateralization Ratio is at least equal to 200%. For example, if, on any Measurement Date, the Outstanding Borrowings equal $135,000,000, there are no Account Amounts and the Net Portfolio Collateral Balance is equal to or greater than $270,000,000, then the Overcollateralization Ratio Test would be satisfied on such Measurement Date. Participant: Defined in Section 11.1(g).
Overcollateralization Ratio Test. A test that is satisfied with respect to any Class or Classes of Debt as of the Effective Date (and any other date thereafter on which such test is required to be determined hereunder), if (i) the Overcollateralization Ratio for such Class or Classes on such date is at least equal to the Required Overcollateralization Ratio for such Class or Classes or (ii) such Class or Classes of Debt is no longer outstanding. “Partial Refinancing Interest Proceeds”: In connection with a Refinancing of one or more Classes of Secured Debt, with respect to each such Class, Interest Proceeds up to the amount of accrued and unpaid interest on such Class, but only to the extent that such Interest Proceeds would be available under the Priority of Payments to pay accrued and unpaid interest on such Class on the Redemption Date (or, in the case of a Refinancing occurring on a date other than a Payment Date, only to the extent that such Interest Proceeds would be available under the Priority of Payments to pay accrued and unpaid interest on such Class on the next Payment Date, taking into account scheduled distributions on the Assets that are expected to be received prior to the next Determination Date). “Participation Interest”: A participation interest in a loan that, at the time of acquisition, or the Issuer’s commitment to acquire the same, satisfies each of the following criteria: (i) such loan would constitute a Collateral Obligation were it acquired directly, (ii) the Selling
Overcollateralization Ratio Test. A test satisfied on any date of determination, if the Overcollateralization Ratio is greater than or equal to the difference between (i) the quotient (expressed as a percentage) obtained by dividing one by the Advance Rate then in effect minus (ii) 7.00%.
Overcollateralization Ratio Test. A test that is satisfied as of any Measurement Date, if the Overcollateralization Ratio is at least equal to the Applicable Overcollateralization Ratio. Participant: Defined in Section 11.1(g).