DOE Ratio definition
Examples of DOE Ratio in a sentence
Maintenance Management’s Rights 5 No Strike, No Lockout Clause ..................
A DOE Ratio determined as of the last day of any fiscal year to be greater than or equal to 1.50:1.00.
Permit the DOE Ratio to be less than 1.50 as of the end of any fiscal year of the Borrower.
Permit the DOE Ratio as of the last day of any fiscal year to be less than 1.50:1.00.
A DOE Ratio determined as of the last day of any fiscal year to be greater than or equal to 1.50 to 1.00.
Permit the DOE Ratio of any Loan Party beginning with the 2014 Fiscal Year, to be less than 1.0 in any one Fiscal Year.
The Borrower will not permit the DOE Ratio as of the end of any fiscal year of the Borrower to be less than 1.50 to 1.00.
Permit the DOE Ratio as of the last day of any fiscal year of the Borrower to be less than 1.50:1.00.
The Lenders hereby waive, as of June 30, 2003, compliance by DeVry with the DOE Ratio set forth in Section 7.15(d) of the Credit Agreement, it being understood that such waiver is limited precisely to its terms and shall not constitute a waiver of any other term or provision of the Loan Documents.
The Borrower will not permit the DOE Ratio as of the end of any fiscal year of the Borrower to be (i) less than or equal to 1.00 to 1.00 for the fiscal year ending December 31, 2013, and (ii) less than 1.50 to 1.00 for any other fiscal year.