Examples of Senior Coverage Tests in a sentence
In the event that the Issuer receives any interest payments on any Portfolio Investment net of any applicable withholding tax, the Senior Coverage Tests and Collateral Quality Tests will be determined by reference to such net receipts.
Any player delinquent in dues will be notified by the Team Manager and prohibited from participating in any Club and/or training until the debt is paid.
If the Senior Coverage Tests are not satisfied on any Determination Date falling on or after the Effective Date, then, on the Payment Date following such Determination Date, Interest Proceeds, and thereafter Principal Proceeds, will be used, subject to the Priorities of Payment, to the extent necessary and available, to redeem the Senior Notes (in accordance with the Senior Note Redemption Method) until each such Coverage Test is satisfied if recalculated following such redemption.
The Senior Coverage Tests are applicable until the Senior Debt is redeemed in full and all amounts payable in respect thereof have been paid, and the Mezzanine Coverage Tests are applicable until the relevant Class of Notes to which such Mezzanine Coverage Test applies are redeemed in full and all amounts payable in respect thereof are paid.
The "Recovery Rate Excess Percentage" as of any date of determination is 42.5%.Coverage Tests and Other Tests The "Coverage Tests" are the Senior Coverage Tests, the Mezzanine Coverage Tests and the Class E Par Coverage Test specified in the table below.
EOD 10/16/2001)• SIBILLE, Brad, Teacher - Math - Comeaux High (Eff.
The Senior Coverage Tests are applicable until the Senior Debt is redeemed in full and all amounts payable in respect thereof have been paid, and the Mezzanine Coverage Tests are applicable until the relevant Class of Notes to which such Mezzanine Coverage Test applies are redeemed in full and all amounts payable in respect thereofare paid.