Examples of Required Overcollateralization 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 which such test is applicable 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 Secured Notes is no longer Outstanding.
A test that is satisfied with respect to any designated Class or Classes of Secured Notes as of any date of determination on which such test is applicable 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 Secured Notes is no longer outstanding.
A test that is satisfied with respect to any designated Class or Classes of Secured Notes as of any date of determination on which such test is applicable 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 Secured Notes are 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 which such test is applicable 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 Rated Notes is no longer Outstanding.
A test that is satisfied with respect to any designated Class or Classes of Secured Notes as of any date of determination on which such test is applicable 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 Secured Notes is no longer Outstanding.

More Definitions of Required Overcollateralization Ratio

Required Overcollateralization Ratio. For the Class A Notes, 163.57%.

Required Overcollateralization Ratio. (a) For the Class A-1 Debt the Class A-2 Notes and the Class B Notes, 137.1%, (b) for the Class C Notes, 123.6% and (c) for the Class D Notes, 116.0%.

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

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 restrict any sale of a Collateral Obligation entered into by the Issuer at a time when a Restricted Trading Period is not in effect regardless of whether such sale has se...

Required Overcollateralization Ratio. (a) For the Class A Debt, 137.06%; (b) for the Class B Notes, 123.58%; and (c) for the Class C Notes, 115.95%. "Required Redemption Amount": With respect to any redemption or prepayment of Debt, an amount equal to the sum of (1) the Redemption Prices of the Secured Debt to be redeemed (or, in the case of the Class A-1 Loans, prepaid) (subject to any reduction of such Redemption Prices in accordance with the definition of "Redemption Price") and the estimated portion of the Redemption Price that will be paid for Subordinated Notes to be redeemed, (2) in the case of a redemption or prepayment of all Debt, any and all Administrative Expenses due and payable, (3) any and all Administrative Expenses due and payable in connection with such redemption or prepayment (and not waived or voluntarily deferred by the party due such Administrative Expense), (4) any amounts due and payable to any Hedge Counterparty (and not waived or voluntarily deferred by such Hedge Counterparty) and (5) any Collateral Management Fees due and payable (and not waived or voluntarily deferred). "Reset Amendment": The meaning specified in Section 8.2(e) (Supplemental Indentures With Consent of Holders of Debt). "Responsible Officers": The meaning set forth in Section 14.3(a)(iii) (Notices, etc., to Collateral Trustee, the Loan Agent, the Co-Issuers, the Collateral Manager, the Initial Purchaser, the Collateral Administrator, the Paying Agent, each Hedge Counterparty and the Rating Agency). "Restricted Trading Period": Each day during which (A) the S&P rating of the Class A-1A Notes, the Class A-1AL Notes, the Class A-1A Loans, the Class A-1AS Loans or the

Required Overcollateralization Ratio. (a) For the Class A Notes and the Class B Notes, collectively, 136.52%, (b) for the Class C Notes, 123.52% and (c) for the Class D Notes, 113.08%. “Resolution”: With respect to the Issuer, a resolution of the Board of Directors of the Issuer, as applicable, and, with respect to the Co-Issuer, a resolution of the manager of the Co- Issuer. “Restricted Asset”: The meaning specified in Section 12.1(n). “Restricted Trading Period”: The period during which, so long as the applicable Class of Notes is Outstanding, (a)(i) the Xxxxx’x rating of any of the Class A Notes is withdrawn (and not reinstated) or is one or more sub-categories below the Initial Rating applicable to such Class, (ii) the Xxxxx’x rating of the Class B Notes or the Class C Notes is withdrawn (and not reinstated) or is two or more sub‐categories below the Initial Rating applicable to such Class or (iii) the Xxxxx’x rating of the Class D Notes is withdrawn (and not reinstated) or is three or more sub‐categories below the Initial Rating applicable to such Class, and (b) after giving effect to any sale (and any related reinvestment) or purchase of the relevant Collateral Obligation, (i) the Aggregate Principal Amount of all Collateral Obligations plus, without duplication, amounts on deposit in the Principal Collection Subaccount, the Contribution Account (to the extent such amounts have been designated for application as Principal Proceeds pursuant to the definition of “Permitted Use”) and the Ramp-Up Account will be less than the Reinvestment Target Par Balance or (ii) any of the Coverage Tests are not satisfied; provided that (1) such period will not be a Restricted Trading Period upon the direction of the Issuer with the consent of a Majority of the Controlling Class, which direction will remain in effect until the earlier of (A) a further downgrade or withdrawal of the Xxxxx’x rating that, disregarding such direction, would cause the conditions set forth above to be true and (B) a subsequent direction of the Issuer (with a copy to the Trustee and the Collateral Administrator) by a Majority of the Controlling Class declaring the beginning

Required Overcollateralization Ratio. (a) For the Class A Notes and the Class B Notes,131.7 issued prior to the Refinancing Date, 131.7%, and on and after the Refinancing Date,133.8%, (b) for the Class C Notes, 119.0 issued prior to the Refinancing Date, 119.0%, and on and after the Refinancing Date, 122.4%, (c) for the Class D Notes, 115.0 issued prior to the Refinancing Date, 115.0% and on or after the Refinancing Date, 116.5%, and (d) for the Class E Notes and the Class F Notes, 108.6 issued prior to the Refinancing Date, 108.6%, and (in respect of the Class E Notes, only) on and after the Refinancing Date, 110.9%.

Required Overcollateralization Ratio definition

Filter & Search

Related Definitions