Common use of Computation of Ratios Clause in Contracts

Computation of Ratios. To the extent that any ratio, percentage or other amount hereunder is computed as a rolling average on the basis of data and computations for the current month or Collection Period and a specified number of prior months or Collection Periods, and such prior months or Collection Periods include one or more months or Collection Periods ending prior to the Closing Date, the relevant ratio, percentage or other amount shall be computed assuming that each such month or Collection Period preceding the Closing Date in fact fell after the Closing Date.

Appears in 5 contracts

Samples: Receivables Sale Agreement (Community Health Systems Inc), Receivables Loan Agreement (Community Health Systems Inc), Receivables Loan Agreement (Community Health Systems Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.