Senior Overcollateralization Ratio definition

Senior Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:
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Senior Overcollateralization Ratio. As of any date of determination, the ratio calculated by dividing:
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Senior Overcollateralization Ratio as of any Measurement Date, means the ratio (expressed as a percentage) obtained by dividing the Net Collateral Principal Balance as of such Measurement Date, by the aggregate outstanding principal amount of the Class A Notes and the Class B Notes as of such Measurement Date.
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Examples of Senior Overcollateralization Ratio in a sentence

  • The Senior Overcollateralization Ratio, the Class C Overcollateralization Ratio, the Class D Overcollateralization Ratio, the Class E Overcollateralization Ratio and the Class F Overcollateralization Ratio.

  • A test satisfied if, as of any date of determination on and after the Effective Date, the Senior Overcollateralization Ratio is at least 121.1%.

  • The Senior Overcollateralization Ratio, the Class C/D Overcollateralization Ratio and the Class E Overcollateralization Ratio.

  • The Senior Overcollateralization Ratio Test and the Senior Interest Coverage Test.

  • A test satisfied if, as of each Measurement Date on or after a certain date (such date, the Senior Overcollateralization Test Start Date) set forth in the Term Sheet, the Senior Overcollateralization Ratio is equal to or greater than the Senior Overcollateralization Ratio Minimum set forth in the Term Sheet.


More Definitions of Senior Overcollateralization Ratio

Senior Overcollateralization Ratio means, as of any Measurement Date, the number (expressed as a percentage) calculated by dividing (a) the Net Outstanding Portfolio Collateral Balance on such Measurement Date by (b) the Aggregate Outstanding Amount of the Class A-1 Notes plus the Aggregate Outstanding Amount of the Class A-2 Notes.
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Senior Overcollateralization Ratio means, as of any Measurement Date, the number (expressed as a percentage) calculated by dividing (a) the Principal Collateralization Amount on such Measurement Date by (b) the outstanding principal amount of the Class A Notes.
Sample 1