Calculation of Financial Ratios Sample Clauses

Calculation of Financial Ratios. For the purposes of Sections 9.3(a) and (b), all of the calculations shall be made on a consolidated basis in accordance with the provisions of Sections 1.7 and 1.8.
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Calculation of Financial Ratios. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Financial Accounting Standards Board Accounting Standards Codification 825 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of Carlisle or any Subsidiary at “fair value”, as defined therein, (ii) without giving effect to any treatment of Debt under Accounting Standards Codification 470-20 or 2015-03 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Debt in a reduced or bifurcated manner as described therein, and such Debt shall at all times be valued at the full stated principal amount thereof and (iii) in a manner such that any obligations relating to a lease that was accounted for as an operating lease as of the Effective Date and any similar lease entered into after the Effective Date shall be accounted for as obligations relating to an operating lease and not as a capital lease.
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Calculation of Financial Ratios. Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Consolidated Total Net Leverage Ratio, the Consolidated Senior Secured Net Leverage Ratio and the Consolidated First Lien Net Leverage Ratio shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.
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Calculation of Financial Ratios. For the purposes of Sections 7.3(a) and (b), all of the calculations shall be made on a consolidated basis for Celestica and its Subsidiaries (but for greater certainty, excluding Unrestricted Subsidiaries) in accordance with the provisions of Sections 1.7 and 1.8.
Sample 1
Calculation of Financial Ratios. On each Calculation Date, calculate the Projected Debt Service Coverage Ratio for the relevant Annual Period, the Project Life Coverage Ratio and the Loan Life Coverage Ratio for the relevant period, and the Debt Service Coverage Ratio and the Minimum Reserve Tail as of such Calculation Date, which calculations shall be confirmed by the Lender.
Sample 1
Calculation of Financial Ratios. The Borrower shall provide to the Administrative Agent within five (5) Business Days following the occurrence of each Principal Repayment Date an Officer’s Certificate (such certificate, the “Financial Ratio Certificate”) setting out (i) the HDSCR for the six-month period ending with such Principal Repayment Date (including payments to be made on such Principal Repayment Date), (ii) the FLDSCR for the six-month period commencing on such Principal Repayment Date, (iii) the LLCR calculated from such Principal Repayment Date (and including payments to be made on such Principal Repayment Date) through the Final Maturity Date and (iv) the Reserve Tail calculated through the date which falls six months after the Ratio Maturity Date, and, in each case, calculations in reasonable detail supporting the derivation of such ratios. All Financial Ratio Certificates shall (i) certify that the version of the Financial Model used to determine the LLCR, HDSCR, Reserve Tail and the FLDSCR, as applicable, is the latest version that was provided to the Senior Lenders and approved pursuant to Section 8.14, identifying when such Financial Model was issued, (ii) certify that all relevant operational and production assumptions in the Financial Model used for determining the LLCR, HDSCR, Reserve Tail and the FLDSCR, as applicable, are based upon the Operating Plan and Financial Model then in effect, (iii) include the supporting data used for such calculation, as set forth in a schedule attached thereto (which data shall be provided substantially in the form of Appendix Q attached hereto with respect to the FLDSCR), (iv) include a representation to the effect that (A) the calculation of such ratios has been prepared in good faith and (B) there have been no changes in the calculation methodology used in the Financial Model since the date of execution of this Agreement other than those changes disclosed and approved by the Majority Secured Parties, and (v) the Technical Agent’s confirmation that calculations made therein are correctly made and based on accurate and complete information. In furtherance of the foregoing, the Borrower shall provide a draft of each Financial Ratio Certificate to the Technical Agent for review on each Principal Repayment Date.
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Related to Calculation of Financial Ratios

  • Financial Ratios (a) The Company shall at all times maintain, on a consolidated basis, a Total Debt to Capitalization Ratio of not more than 0.65 to 1.00.

  • Financial Statements; Non-GAAP Financial Measures The financial statements included or incorporated by reference in the Registration Statement and the Prospectus, together with the related schedules and notes, present fairly in all material respects the consolidated financial position of the Company and the respective entities to which such financial statements relate (the “Covered Entities”) at the dates indicated and the consolidated statements of operations, stockholders’ equity (deficit) and cash flows of the Covered Entities for the periods specified; said financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) applied on a consistent basis throughout the periods involved. The supporting schedules, if any, present fairly in all material respects in accordance with GAAP the information required to be stated therein. The selected financial data and the summary financial information included in the Registration Statement and the Prospectus present fairly in all material respects the information shown therein and have been compiled on a basis consistent with that of the audited financial statements included therein. Any pro forma financial statements and the related notes thereto included in the Registration Statement and the Prospectus present fairly in all material respects the information shown therein, have been prepared in accordance with the Commission’s rules and guidelines with respect to pro forma financial statements and have been properly compiled on the bases described therein, and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and circumstances referred to therein. Except as included therein, no historical or pro forma financial statements or supporting schedules are required to be included or incorporated by reference in the Registration Statement or the Prospectus under the Securities Act. All disclosures contained in the Registration Statement or the Prospectus, or incorporated by reference, regarding “non-GAAP financial measures” (as such term is defined by the rules and regulations of the Commission) comply in all material respects with Regulation G of the Exchange Act and Item 10 of Regulation S-K of the Securities Act, to the extent applicable. The interactive data in Inline eXtensible Business Reporting Language incorporated by reference in the Registration Statement and the Prospectus, if any, fairly present the information called for in all material respects and has been prepared in accordance with the Commission’s rules and guidelines applicable thereto.

  • Leverage Ratios Notwithstanding anything to the contrary contained herein, for purposes of calculating any leverage ratio herein in connection with the incurrence of any Indebtedness, (a) there shall be no netting of the cash proceeds proposed to be received in connection with the incurrence of such Indebtedness and (b) to the extent the Indebtedness to be incurred is revolving Indebtedness, such incurred revolving Indebtedness (or if applicable, the portion (and only such portion) of the increased commitments thereunder) shall be treated as fully drawn.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Total Net Leverage Ratio Maintain as of the end of each fiscal quarter, a Total Net Leverage Ratio for Quantum and its Subsidiaries, on a consolidated basis, of not greater than the ratio set forth below for each four (4) consecutive fiscal quarter period then ended set forth below: Fiscal Quarter Ending Maximum Total Net Leverage Ratio September 30, 2021 4.25:1.00 December 31, 2021 4.25:1.00 March 31, 2022 Not Tested June 30, 2022 3.50:1.00 September 30, 2022 3.50:1.00 December 31, 2022 3.50:1.00 March 31, 2023 3.50:1.00 June 30, 2023 3.00:1.00 September 30, 2023 3.00:1.00 December 31, 2023 3.00:1.00 March 31, 2024 3.00:1.00 June 30, 2024 3.00:1.00 September 30, 2024 3.00:1.00 December 31, 2024 3.00:1.00 March 31, 2025 3.00:1.00 June 30, 2025 3.00:1.00 December 31, 2025 and each fiscal quarter ending thereafter 3.00:1.00”

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Quick Ratio A ratio of Quick Assets to Current Liabilities of at least 2.00 to 1.00.

  • Financial definitions In this Agreement:

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Financial Covenant Calculations The parties hereto acknowledge and agree that, for purposes of all calculations made in determining compliance for any applicable period with the financial covenants set forth in Section 5.9 and for purposes of determining the Applicable Percentage, (i) after consummation of any Permitted Acquisition, (A) income statement items and other balance sheet items (whether positive or negative) attributable to the Target acquired in such transaction shall be included in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to the Borrower and the Administrative Agent and (B) Indebtedness of a Target which is retired in connection with a Permitted Acquisition shall be excluded from such calculations and deemed to have been retired as of the first day of such applicable period and (ii) after any asset disposition permitted by Section 6.4, (A) income statement items, cash flow statement items and balance sheet items (whether positive or negative) attributable to the property or assets disposed of shall be excluded in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to the Borrower and the Administrative Agent and (B) Indebtedness that is repaid with the proceeds of such asset disposition shall be excluded from such calculations and deemed to have been repaid as of the first day of such applicable period.

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