Maximum Ratio definition

Maximum Ratio means a ratio equal to 50%.
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Maximum Ratio means 65%, provided that if (i) the maximum ratio of the Consolidated Indebtedness to the sum of Consolidated Indebtedness plus Consolidated Net Worth permitted to exist under the Credit Agreement (currently §7.15 of the Credit Agreement) shall be changed or (ii) if the related definitions used in this provision in the Credit Agreement are modified to be more restrictive than the definitions in the Credit Agreement as of the date of Closing, then the Maximum Ratio and/or definitions shall be so changed to the same percentage and same definitions automatically without any consent required by the holders of Notes, provided further that the Maximum Ratio shall not be lower than 65% or higher than 70%.
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Maximum Ratio means, with respect to a calendar year during the Performance Period, a Book-to-▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Maximum Ratio for such calendar year, which ratio shall be greater than the Target Ratio established by the Committee for such calendar year.
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Examples of Maximum Ratio in a sentence

  • The Company will not permit, determined as of the end of each of its fiscal quarters, the ratio of Consolidated Indebtedness to Total Capitalization to exceed the Maximum Ratio.

  • Upon any Conversion, Payee shall return Securities Collateral to Maker in the amount necessary, if any, to cause the LTV Ratio as of the date of such Conversion to be not less than the Maximum Ratio.

  • Permit the Leverage Ratio, as of any Fiscal -------------- Quarter described below to be greater than the ratio set forth below opposite that Fiscal Quarter (it being understood that this covenant will not apply to the Fiscal Quarter ending June 30, 2000): Fiscal Quarters Ending Maximum Ratio ---------------------- ------------- September 30, 2000 through September 30, 2001 5.25:1.00 December 31, 2001 through September 30, 2002 4.75:1.00 December 31, 2002 and thereafter 4.50:1.00.

  • Maximum Ratio of Total Indebtedness for Borrowed Money to Adjusted EBITDA..................42 Section 5.1.12.1. Minimum Profitability.................................................................42 Section 5.1.12.2. Minimum Quick Ratio...................................................................42 Section 5.1.13.

  • Upon any voluntary partial prepayment of principal outstanding under this Note, Payee shall return Securities Collateral to Maker in the amount necessary, if any, to cause the LTV Ratio as of the date of such prepayment to be not less than the Maximum Ratio.

  • Vectren will not permit, determined as of the end of each of its fiscal quarters, the ratio of Total Debt to Total Capitalization to exceed the Maximum Ratio.

  • If the Loan-to-Value Ratio on any LTV Test Date is greater than the LTV Cash Sweep Ratio Threshold but less than or equal to the LTV Maximum Ratio, a “LTV Cash Sweep Event” shall have occurred (a LTV Breach or a LTV Cash Sweep Event, each a “LTV Failure”).

  • Upon execution of the Amendment, Borrower and Lender agree that any non-compliance or violation of the Adjusted Leverage Ratio (Financial Covenant (b) of the Commitment), the Maximum Ratio of Total Liabilities to Tangible Net Worth (Financial Covenant (c) of the Commitment Letter) or Maximum Liquidity (Financial Covenant (d) of the Commitment Letter) on or after December 31, 2005 and up to the date of the Amendment are hereby waived.

  • Period Maximum Ratio ------ ------------- Restatement Date through January 30, 1998 7.50 to 1.0 January 31, 1998 through January 30, 1999 6.75 to 1.0 January 31, 1999 and thereafter 6.25 to 1.0 ; provided, however that during the Designated Cleanup Period in each fiscal year the numerator in such ratio shall be the numerator listed in the table above minus 0.50.

  • The Company will not at any time permit the ratio of the total Debt of the Company to Adjusted Tangible Net Worth to exceed the following ratios for the indicated periods: Periods Maximum Ratio ----------------------------------- ------------ Sept.


More Definitions of Maximum Ratio

Maximum Ratio means, with respect to a calendar year during the Performance Period, a Book-to-▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Maximum Ratio for such calendar year, which ratio shall be greater than the Target Ratio established by the Committee for such calendar year. “Target Ratio” means, with respect to a calendar year during the Performance Period, a Book-to-▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Target Ratio for such calendar year, which ratio shall be greater than the Threshold Ratio and less than the Maximum Ratio established by the Committee for such calendar year. “Threshold Ratio” means, with respect to a calendar year during the Performance Period, a Book-to-▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Threshold Ratio for such calendar year, which ratio shall be less than the Target Ratio established by the Committee for such calendar year. B. Determination of the “Earned” Value of Book-to-Bill Performance Units The “target” value of a Book-to-Bill Performance Unit is $1.00; its maximum value is $2.00 per unit, and its minimum value will be zero per unit. The value of an “earned” Book-to-Bill Performance Unit shall be determined by multiplying its “target” value of $1.00 by the Average Book-to-Bill Payout Ratio for the Performance Period, subject to reduction as provided in Paragraph 3 of the Agreement. Notwithstanding the foregoing, unless otherwise provided in an agreement pursuant to Paragraph 14 of the Agreement, the Average Book-to-Bill Payout Ratio shall be deemed to have been met at the maximum level (200%) in connection with a Double Trigger Event as provided in Paragraph 2(d) of the Agreement. IV.
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Maximum Ratio means 65%, provided that if the maximum ratio of Vectren’s (a) Consolidated Indebtedness (as defined in the Bank Credit Agreements), to (b) the sum Vectren’s Consolidated Indebtedness plus Consolidated Net Worth (as such terms are defined in the Bank Credit Agreements) permitted to exist under the Bank Credit Agreements (currently §6.17 of the Bank Credit Agreements) shall be changed to a percentage higher or lower than 65%, then the Maximum Ratio shall be so changed to the same percentage automatically without any consent required by the holders of Notes, provided further that the Maximum Ratio shall not exceed a ratio higher than 70%.
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Maximum Ratio means 65%, provided that if the maximum ratio of (a) Consolidated Indebtedness (as defined in the Credit Agreement), to (b) the sum of Consolidated Indebtedness plus Consolidated Net Worth (as such terms are defined in the Credit Agreement) permitted to exist under the Credit Agreement (currently §7.15 of the Credit Agreement) shall be changed, then the Maximum Ratio shall be so changed to the same percentage automatically without any consent required by the holders of Notes, provided further that the Maximum Ratio shall not be lower than 65% or higher than 70%.
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Maximum Ratio means 5.5 to 1.0; provided that upon consummation of the Minimum IPO, the Maximum Ratio shall mean 6.0 to 1.0.
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Related to Maximum Ratio

  • Maximum Rate shall have the meaning assigned to such term in Section 9.09.

  • Maximum Rate Cap Any of the Class A-1 Maximum Rate Cap, the Class A-2 Maximum Rate Cap or the Weighted Average Maximum Rate Cap.

  • Minimum Rate With respect to each ARM Loan, the rate per annum set forth in the related Mortgage Note as the minimum Note Rate thereunder. The Minimum Rate as to each ARM Loan is set forth on the related Mortgage Loan Schedule.

  • Maximum Lawful Rate has the meaning set forth in Section 2.7.

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.