Parity Ratio definition
Parity Ratio means a measure of price received for agricultural products divided by the parity index. The parity ratio is an indication of the per unit purchasing power of agricultural commodities generally in terms of the goods and services currently bought by agriculturalists, in relation to purchasing power of agricultural products in the 1910 - 1914 base period.
Parity Ratio means a customer class's revenue-to-cost ratio divided by the system's revenue-to-cost ratio. This ratio shall only be presented to the commission as either a percentage or a decimal.
Parity Ratio means, on any Quarterly Distribution Date, (a) the Adjusted Pool Balance (including all accrued interest on the Financed Eligible Loans) divided by (b) the Outstanding Amount of the Notes, after giving effect to distributions to be made on that Quarterly Distribution Date. The Parity Ratio shall be calculated by the Administrator and certified to the Trustee upon which the Trustee may conclusively rely with no duty to further examine or determine such information.
Examples of Parity Ratio in a sentence
On the first Distribution Date on which the Total Parity Ratio is equal to or greater than 100.5%, or such other percentage that satisfies the Rating Agency Condition, the Indenture Trustee shall transfer an amount equal to the Class B Supplemental Reserve Fund Requirement to the Class B Supplemental Reserve Fund pursuant to Section 5.05(c)(xvii) hereof.
More Definitions of Parity Ratio
Parity Ratio means (a) on the Issue Date, (i) the sum of the Pool Balance as of such date (including all accrued interest on the Financed Student Loans), plus the initial amounts deposited to the Capitalized Interest Fund, the Debt Service Reserve Fund, the Collection Fund and any cash amounts deposited to the Acquisition Fund and not applied, or reserved, on the Issue Date to pay the costs of issuance of the transaction, divided by (ii) the Outstanding Amount of the Notes on the Issue Date, and (b) on any Distribution Date, (i) the Adjusted Pool Balance divided by (ii) the Outstanding Amount of the Notes, after giving effect to distributions to be made on the prior Distribution Date. The Parity Ratio shall be calculated by the Administrator and certified to the Trustee, upon which the Trustee may conclusively rely with no duty to further examine or determine such information.
Parity Ratio means, on any quarterly distribution date, (a) the Adjusted Pool Balance (including all accrued interest on the financed student loans) divided by (b) the outstanding principal balance of the notes, after giving effect to distributions to be made on that quarterly distribution date.