Financial Ratios Sample Clauses
The Financial Ratios clause sets specific numerical benchmarks that a party, typically a borrower, must maintain regarding its financial health. These ratios might include measures such as debt-to-equity, interest coverage, or current ratio, and are usually calculated based on the party’s financial statements at regular intervals. By requiring adherence to these ratios, the clause helps lenders monitor the ongoing financial stability of the borrower and provides an early warning system for potential financial distress, thereby managing credit risk.
POPULAR SAMPLE Copied 3 times
Financial Ratios. Any financial ratios required to be maintained by any Loan Party pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).
Financial Ratios. (a) The Borrower shall at all times maintain, on a consolidated basis, a Total Debt to Capitalization Ratio of not more than 0.65 to 1.00.
(b) The Borrower shall maintain, for each period of four consecutive fiscal quarters, a Debt Service Coverage Ratio of at least 1.40 to 1.00.
Financial Ratios. UPC Distribution will procure that:
(a) the ratio of Senior Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 7.75:1 31st December, 2003 6.75:1 31st March, 2004 6.75:1 30th June, 2004 6.25:1 30th September, 2004 6.10:1 31st December, 2004 5.85:1 31st March, 2005 5.70:1 30th June, 2005 5.40:1 30th September, 2005 5.20:1 31st December, 2005 4.85:1 31st March, 2006 4.70:1 30th June, 2006 4.50:1 30th September, 2006 4.35:1 31st December, 2006 4.15:1 31st March, 2007 4.00:1 30th June, 2007 3.75:1 30th September, 2007 3.50:1 31st December, 2007 3.25:1 Thereafter 3.00:1
(b) the ratio of EBITDA to Total Cash Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 1.90:1 30th June, 2004 1.45:1 30th September, 2004 1.45:1 31st December, 2004 1.50:1 31st March, 2005 1.75:1 30th June, 2005 1.80:1 30th September, 2005 1.80:1 31st December, 2005 1.90:1 31st March, 2006 2.00:1 Thereafter 2.00:1
(c) the ratio of EBITDA to Senior Debt Service for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date or period: 31st December, 2003 1.00:1 31st March, 2004 1.00:1 30th June, 2004 0.90:1 30th September, 2004 0.90:1 31st December, 2004 1.50:1 31st March, 2005 1.60:1 30th June, 2005 1.40:1 30th September, 2005 1.40:1 31st December, 2005 1.40:1 31st March, 2006 1.50:1 30th June, 2006 1.35:1 30th September, 2006 1.40:1 31st December, 2006 1.40:1 31st March, 2007 1.40:1 Thereafter 1.50:1
(d) the ratio of EBITDA to Senior Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 2.10:1 30th June, 2004 2.10:1 30th September, 2004 2.00:1 31st December, 2004 2.00:1 31st March, 2005 2.25:1 30th June, 2005 2.25:1 30th September, 2005 2.25:1 31st December, 2005 2.25:1 31st March, 2006 2.35:1 30th June, 2006 2.35:1 Thereafter 2.40:1 ; and
(e) the ratio of Total Debt to Annualised EBITDA for each Ratio Period which ends on a date o...
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.
(b) The Company shall maintain, for each period of four consecutive fiscal quarters, a Debt Service Coverage Ratio of at least 1.40 to 1.00; provided that for purposes of this Section 9.9(b), the Debt Service Coverage Ratio shall be deemed to be 1.40 to 1.00 for the three calendar quarters ending December 31, 2009, March 31, 2010 and June 30, 2010.
Financial Ratios. So long as any of the Debentures has not been redeemed or converted hereunder, and until such redemption or conversion has been made in full, or unless the Lender shall otherwise consent in writing, Borrower, on a consolidated basis, shall be in compliance with the agreed minimum financial ratios and standards provided in Schedule 7.01, as of the end of each fiscal quarter of Borrower and as set forth in its most recent quarterly compliance certificates delivered pursuant to Section 5.01.
Financial Ratios. Commencing with the Fiscal Quarter ending June 30, 2013 and continuing thereafter:
Financial Ratios. Notwithstanding anything to the contrary in this Agreement,
(a) with respect to any amounts incurred or any single transaction or series of related transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation, the financial covenant set forth in Section 6.12, any Fixed Charge Coverage Ratio test, any Consolidated First Lien Net Leverage Ratio test, any Consolidated Secured Net Leverage Ratio test, and/or any Consolidated Total Net Leverage Ratio test) (any such amounts, including such amounts that are based off Consolidated Cash Flow or Total Assets, the “Fixed Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with a financial ratio or test (including the Consolidated First Lien Net Leverage Ratio, the Consolidated Secured Net Leverage Ratio and the Consolidated Total Net Leverage Ratio) (any such amounts, the “Incurrence-Based Amounts”), the Fixed Amounts shall be disregarded in the calculation of the financial ratio or test applicable to such Incurrence-Based Amounts;
(b) the Borrowers may classify (and reclassify) any Fixed Amounts as having been incurred under any Incurrence-Based Amounts within Section 2.24, Section 6.01, Section 6.02 (including the definition of “Permitted Liens”) and Section 6.06 (including the definition of “Permitted Investments”) (but not across such Sections and definitions), and, if any applicable ratios or financial tests for such Incurrence-Based Amounts would be satisfied in any fiscal quarter following the fiscal quarter in which such Fixed Amounts were incurred, such Fixed Amounts shall be deemed automatically reclassified as having been incurred under such Incurrence-Based Amounts if not elected by the Borrowers; and
(c) in the event an item of Indebtedness (or any portion thereof) is incurred or issued, any Lien is incurred or other transaction is undertaken in reliance on any ratio-based exceptions, thresholds and baskets, such ratio(s) shall be calculated without regard to the incurrence of any Revolving Loans solely to the extent such Revolving Loans are incurred substantially concurrently with the event for which such ratio(s) are being tested; provided that, immediately prior to the making of any such Investment and the concurrent incurrence of such Revolving Loans, the...
Financial Ratios. The Borrower will maintain or cause to be maintained, the following financial ratios and covenants:
(i) beginning with the Quarterly Period ending March 31, 2002, a ratio of Surgery Center's Cash Flow to Surgery Center's Debt Service of not less than 1.05:1.00 until such time as such ratio is greater than 1.05:1.00 for two (2) consecutive Quarterly Periods, and (ii) for each Quarterly Period thereafter, a ratio of Surgery Center's Cash Flow to Surgery Center's Debt Service of not less than 1.10:1.00;
(b) At all times, the Shareholders' Equity of Borrower, calculated on a consolidated basis, shall be greater than the sum of (1) ninety percent (90%) of the shareholder's equity of Borrower at December 31, 2000, plus (2) eighty-five percent (85%) of the sum of (a) the aggregate amount of equity capital contributed to Borrower after December 31, 2000, plus (b) the aggregate cumulative positive net income (without deduction for any negative net income) of Borrower after December 31, 2000, all computed in accordance with GAAP.
(c) At the end of each Quarterly Period beginning with the Quarterly Period ending March 31, 2001 and continuing through each Quarterly Period ending thereafter, the ratio of (i) the sum of (A) Borrower's Consolidated Funded Debt less (B) Borrower's Excess Cash to (ii) Borrower's consolidated EBITDA for such Quarterly Period, giving Pro-Forma Effect to any Acquisition made and any Indebtedness incurred therewith as of the date of determination, shall be less than 3.50:1.00.
(d) At all times, the Surgery Center's Shareholder's Equity shall be greater than $800,000.
Financial Ratios ensure that:
(a) Free Available Cash at all times the Free Available Cash shall not be less than the Minimum Free Available Cash at the relevant time. The Lessor agrees that for the purpose of satisfying this covenant the requirement to evidence Minimum Free Available Cash for amounts or Free Available Cash in excess of fifteen million Dollars ($15,000,000) may be satisfied by the Lessee providing evidence to the Lessor that the Lessee Parent has made available to the Lessee an unconditional on demand loan in an amount equal to such excess amounts and which loan is capable of being drawn down on an unqualified and unrestricted basis by the Lessee at any time;
(b) Working Capital as at the end of each quarterly period during and at the end of each financial year of the Lessee, the ratio of Current Assets to Current Liabilities (excluding the current portion of long-term debt) shall not be less than one point five (1.5) to (1); and
(c) Leverage as at 31 March 2003 and as at the end of each subsequent quarterly period during and at the end of each financial year of the Lessee, the ratio of Net Debt as at the end of such period to Annualised EBITDA calculated by reference to such quarter shall not exceed:
(i) six point five (6.5) to one (1) for quarterly periods ending during or at the end of 2003;
(ii) six (6) to one (1) for quarterly periods ending during and at the end of 2004; and
(iii) five (5) to one (1) for all subsequent quarterly periods;
Financial Ratios. The Company will not: