LLR/LMR definition
LLR/LMR means the licensee liability rating and liability management rating or similar program adopted and assessed by the AER pursuant to Directive 006 – Licensee Liability Rating (LLR) Program and Licence Transfer Process, as the same may be amended from time-time; and related regulations, directives, orders, bulletins or guidelines enacted or adopted by any of the foregoing or any Governmental Authority in addition thereto having jurisdiction.
Examples of LLR/LMR in a sentence
The Borrower shall maintain a LLR/LMR of not less than 1.0:1 as at the Closing Date and at all times thereafter.