Delay Ratio definition

Delay Ratio means the following ratio: (70 - (number of calendar days after the applicable Milestone Date that the applicable Milestone is successfully achieved))/70.
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Examples of Delay Ratio in a sentence

  • Delay Ratio: shall mean the following ratio: (70 - (number of calendar days after the applicable Milestone Date that the applicable Milestone is successfully achieved))/70.

Related to Delay Ratio

  • Liquidity Ratio means (i) the sum of Cash plus Eligible Accounts, divided by (ii) the outstanding principal amount of the Obligations owing by Borrower to Bank.

  • Equity Ratio means the ratio of Equity to Total Assets.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.