Present Value Ratio definition
Present Value Ratio means (i) on any date as of which the Loan and the Other Loan are equal, the Aggregate Present Value Ratio and (ii) on any other date, each of (A) the Individual Present Value Ratio and (B) the "Individual Present Value Ratio" as defined in the Other Loan Agreement (it being understood that, on any date described in clause (ii), a requirement that the Present Value Ratio equal 2.0 to 1.0 shall be a requirement that each ratio described in clauses (A) and (B) equal 2.0 to 1.0).
Present Value Ratio is amended by: (i) deleting subsection (i)(z) thereof and inserting in its place the following subsection:
Present Value Ratio means, for any Measurement Period, the ratio of (a) the Present Value as determined by the Administrative Agent for such Measurement Period to (b) Debt as at the end of such Measurement Period. NYI-4016648v10
Examples of Present Value Ratio in a sentence
OPIC shall also have received a certificate from an Authorized Officer of the Borrower stating that, based on such projections, the Present Value Ratio shall be at least 2.0 to 1.0 immediately following such Disbursement.
The Borrower shall not permit the Present Value Ratio to be less than 1.25 to 1.00 at any time after April 30, 2008.