Effective Coverage Ratio definition
Effective Coverage Ratio means, as of any date, the percentage equal to Total Debt divided by Fully Adjusted Net Assets.
Effective Coverage Ratio has the meaning ascribed to it in Section 5(l)(i).
Effective Coverage Ratio has the meaning ascribed to it in Section 5(l)(i). Eligible Off-takers means those importers of Goods listed on Schedule 2 hereto, as such Schedule 2 may be updated by the Administrative Agent from time to time upon written notice from the Lenders, or upon the Borrower’s written request (but in such case, subject to written approval by the Lenders), provided that such importer (a) is located in an OECD Country and (b) is not a Sanctioned Person, nor located in an Ultra High-Risk Country. Upon approval of any new Eligible Off-taker as provided herein the Administrative Agent is authorized by the parties hereto to update Schedule 2 hereto and, upon making such update, the Administrative Agent shall provide copies of such updated Schedule 2 to the parties hereto.