Required Interest Coverage Ratio definition

Required Interest Coverage Ratio. (a) For the Class A Notes and the Class B Notes, 120.0%, (b) for the Class C Notes, 110.0%, and (c) for the Class D Notes, 105.0%.

Required Interest Coverage Ratio. For the Class A Debt and the Class B Notes, 120.00%.

Required Interest Coverage Ratio. For the Class A Notes, 120.00%.

Examples of Required Interest Coverage Ratio in a sentence

• A test that is satisfied with respect to any Class or Classes of Secured Notes as of any date of determination on, or subsequent to, the Determination Date occurring immediately prior to the second Payment Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Secured Notes is no longer outstanding.

• A test that is satisfied with respect to any Class or Classes of Secured Notes as of any date of determination on, or subsequent to, the Determination Date occurring immediately prior to the second Payment Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Secured Notes are no longer outstanding.

• A test that is satisfied with respect to any Class or Classes of Secured Notes as of any date of determination on, or subsequent to, the Determination Date occurring immediately prior to the second Payment Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Secured Notes is no longer Outstanding.

• A test that is satisfied with respect to any Class or Classes of Rated Notes as of any date of determination on, or subsequent to, the Determination Date occurring immediately prior to the second Payment Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Rated Notes is no longer Outstanding.

• A test that is satisfied with respect to any Class or Classes of Secured Notes as of any date of determination on, or subsequent to, the Determination Date occurring immediately prior to the second Payment Date, if (i) the Interest Coverage Ratio for such Class or Classes on such date is at least equal to the Required Interest Coverage Ratio for such Class or Classes or (ii) such Class or Classes of Secured Notes are no longer Outstanding.

More Definitions of Required Interest Coverage Ratio

Required Interest Coverage Ratio. For the Class C Notes, 115.00%.

Required Interest Coverage Ratio. For each Class or Classes of Secured Notes, the applicable ratio indicated below:

Required Interest Coverage Ratio. (a) For the Class A Debt and the Class B Notes, 120.0%, (b) for the Class C Notes, 110.0% and (c) for the Class D Notes, 105.0%. “Required Overcollateralization Ratio”: (a) For the Class A Debt and the Class B Notes, 134.9%, (b) for the Class C Notes, 124.1% and (c) for the Class D Notes, 116.0%. “Required S&P Credit Estimate Information”: S&P’s “Credit FAQ: Anatomy of A Credit Estimate: What It Means And How We Do It”, dated January 14, 2021 and any other available information S&P reasonably requests in order to produce a credit estimate for a particular asset. “Requisite Voting Percentage”: The percentage of the Aggregate Outstanding Amount of the relevant Debt required to satisfy the relevant voting threshold, such as consents for a proposed supplemental indenture. “Responsible Officer”: With respect to any Person, any duly authorized director, officer or manager of such Person with direct responsibility for the administration of the applicable agreement and also, with respect to a particular matter, any other duly authorized director, officer or manager of such Person to whom such matter is referred because of such director’s, officer’s or manager’s knowledge of and familiarity with the particular subject. Each party may receive and accept a certification of the authority of any other party as conclusive evidence of the authority of any Person to act, and such certification may be considered as in full force and effect until receipt by such other party of written notice to the contrary. “Restricted Trading Period”: The period during which (a) the S&P rating of any of the Class A Debt is one or more subcategories below its rating on the Closing Date or (b) the S&P rating of any of the Class B Notes or the Class C Notes is two or more subcategories below its rating on the Closing Date; provided, that such period will not be a Restricted Trading Period (i) (x) if the Aggregate Principal Balance of the Collateral Obligations plus Eligible Investments constituting Principal Proceeds is greater than or equal to the Reinvestment Target Par Balance and (y) the Coverage Tests, the Minimum Weighted Average S&P Recovery Rate Test and the Minimum Floating Spread Test are satisfied or (ii) so long as the S&P rating of any Class of Debt has not been further downgraded, withdrawn or put on watch for potential downgrade, upon the direction of the Issuer with the consent of a Majority of the Controlling Class; provided, further that no Restricted Trading Period shall r...

Required Interest Coverage Ratio. Fiscal Quarters ending in Fiscal Years Maximum Ratio ---------------------- ------------- From the Closing Date through September 30, 1998 3.50:1.00 December 31, 1998 and thereafter 4.00:1.00 G. MINIMUM EBITDA (Section 8.10) --------------

Required Interest Coverage Ratio in Section 1.0l of the RPA is hereby deleted and the following is inserted in its place:

Required Interest Coverage Ratio means, as of the end of any fiscal quarter of the Parent listed below, the ratio beside such fiscal quarter. Fiscal Quarter Ratio -------------- ----- June 30, 2002 - September 28, 2002 negative 5.9 to 1.0 September 29, 2002 - December 28, 2002 negative 1.5 to 1.0 December 29, 2002 - March 29, 2003 negative 1.0 to 1.0

Required Interest Coverage Ratio. For the (a) Class A Notes, 120.0%, (b) the Class B Notes, 115.0% and (c) Class C Notes, 110.0%.