Minimum Ratio Clause Samples
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Minimum Ratio. Trustor shall maintain a ratio, as of the end of each fiscal year of Trustor, of (x) the amount of Trustor’s annual Net Income adjusted to exclude any non-cash income and to exclude expenses for interest, taxes, depreciation, amortization, asset impairment, and restaurant opening costs; less the amount of dividends and distributions paid to shareholders of Trustor, to (y) the amount of the current portion of long-term obligations plus the amount of the annual interest expense for the fiscal year, that is equal to or greater than 2.00 to 1. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be based on Trustor’s most recent annual financial statements, and shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Trustor as being true and correct.
Minimum Ratio. The Borrower ensures that DSCR shall be not less than 1.1 during two consecutive calendar years (Measurement Periods) preceding the calculation date (“Minimum Ratio”). The calculation of the DSCR shall be based on the Annual Financial Statements. DSCR will be calculated every year, at the date of the approval of the Annual Financial Statements beginning from the Annual Financial Statements for year ended on December 31, 2024, and written calculation of the DSCR signed by the CFO of the Borrower shall be delivered to the Lender within 10 (ten) Business Days from publication of the date of following the approval of the Annual Financial Statements.
Minimum Ratio. 9/30/99 through 6/30/00 1.50 to 1.00 9/30/01 through 12/31/01 2.00 to 1.00 3/31/02 and each fiscal 2.50 to 1.00 period ending thereafter
Minimum Ratio. Trustor shall maintain a ratio, as of the end of each fiscal year of Trustor, of (x) the sum of Trustor's annual earning before interest, taxes, depreciation and amortization expenses (but excluding any non-cash income) less dividends and distributions paid to shareholders of Trustor, to (y) the amount of current portion of long-term obligations plus the amount of the interest expense for the preceding fiscal year, of 2.00 to 1.00. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be based on Trustor's most recent annual financial statements, and shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Minimum Ratio. The minimum operating condition, expressed as a fraction of the rated capacity of the boiler. ▪ Maximum Ratio. The maximum operating condition. A number greater than one can be entered under certain circumstances. ▪ Fuel Meter. This list box is shown when multiple fuel meters exist and a fuel boiler is selected. If you want DOE-2 to calculate the size of your boiler, you must specify only one boiler type and the number for this boiler type must be one. In this event, the Let Program Size checkbox is activated. Any time your central plant has more than one boiler type or any time a single boiler type has multiple pieces of equipment, the Let Program Size checkbox is not activated.
Minimum Ratio. Ratio of Unsecured Net Operating Income to Unsecured Interest Expense (Section 5.24