Ratio Compliance definition

Ratio Compliance means, at any date of determination, that (A) the Loan-to-Value Ratio on a Pro Forma Basis is equal to or less than [*] to 1.0, or (B) the Fixed Charge Coverage Ratio on a Pro Forma Basis is at least [*] to 1.0.
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Ratio Compliance means, at any date of determination, that (A) the Loan-to-Value Ratio on a Pro Forma Basis is equal to or less than 0.5 to 1.0, or (B) the Fixed Charge Coverage Ratio on a Pro Forma Basis is at least 2.0 to 1.0.
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Ratio Compliance means, at any date of determination, that the Total Senior Secured Bank Leverage Ratio of the Borrowers and their Subsidiaries, after giving effect on a Pro Forma Basis to the relevant transactions (including the assumption, the issuance, incurrence and permanent repayment of Indebtedness and the application of the proceeds of any such Indebtedness), is not greater than 3.5 to 1.0.
Sample 1

Examples of Ratio Compliance in a sentence

  • Terms used in the Financial Ratio Compliance Certificate that are not defined herein shall have the meaning given to them in the Master Definitions and Construction Schedule dated 8 October 2014.

  • Compliance with the Fixed Charge Coverage Ratio shall only be tested during a Fixed Charge Coverage Ratio Compliance Period.

  • Along with the six-month and annual Consolidated Financial Statements submitted by the Borrower under section 22.1.1 above, the Borrower shall also submit the Ratio Compliance Certificate to the Agent.

  • Total K-12 FTE CIS [B.3 + B.4 + ((B.5 + B.6) * B.7)]0.800 >>>> Calculation of K-12 Ratio Compliance <<<< C.

  • The Ratio Compliance Certificates shall identify all of the Acquisitions without Recourse and the Project Companies, along with those excluded by the Borrower’s auditor pursuant to the definitions included under Stipulation 1.1 of this Contract (except as otherwise agreed by the Borrower and the Lenders).

  • Table – I Survey Compliance Ratio Compliance Date Compliance Ratio 4.

  • For purposes of the provisions of this Stipulation, the Borrower, along with the annual Consolidated Financial Statements supplied by the Agent in conformity with the provisions of subsection 22.1.2, shall accompany the Ratio Compliance Certificate containing the Debt Ratio value resulting from the Consolidated Financial Statements of each financial year.

  • Terms used in the Financial Ratio Compliance Certificate that are not defined herein shall have themeaning given to them in the Master Definitions and Construction Schedule dated 8 October 2014.

  • The award on the incentive will be conditional on other four core contracted KPIs (Contract availability, Proactive Ratio, Compliance to Process and Safety) as per Appendix 5 being met.

  • A Ratio Compliance Certificate which assessed the position as at 31 December 2021 confirms that all relevant ratios are within the levels outlined in the Senior Term Loan Facilities Agreement and therefore there are currently no areas of concern to highlight to the committee.

Related to Ratio Compliance

  • Non-Compliance means failure/refusal to comply the terms and conditions of the tender;

  • HIPAA Compliant means that a Loan Party to the extent legally required (i) is or will use commercially reasonable efforts to be in compliance in all material respects with each of the applicable requirements of the so-called “Administrative Simplification” provisions of HIPAA on and as of each date that any part thereof, or any final rule or regulation thereunder, becomes effective in accordance with its or their terms, as the case may be (each such date, a “HIPAA Compliance Date”) and (ii) is not and could not reasonably be expected to become, as of any date following any such HIPAA Compliance Date, the subject of any civil or criminal penalty, process, claim, action or proceeding, or any administrative or other regulatory review, survey, process or proceeding (other than routine surveys or reviews conducted by any government health plan or other accreditation entity) that could result in any of the foregoing or that has or could reasonably be expected to have a Material Adverse Effect.

  • Euro Compliant means that:

  • Year 2000 Compliance has the meaning set forth in section 17.29 of the Management Agreement.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • Pro Forma Compliance means, with respect to any transaction, that such transaction does not cause, create or result in a Default after giving Pro Forma Effect, based upon the results of operations for the most recently completed Measurement Period to (a) such transaction and (b) all other transactions which are contemplated or required to be given Pro Forma Effect hereunder that have occurred on or after the first day of the relevant Measurement Period.

  • Distribution Compliance Period with respect to any Note, means the period of 40 consecutive days beginning on and including the later of (a) the day on which such Note is first offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S, notice of which day shall be promptly given by the Company to the Trustee, and (b) the date of issuance with respect to such Note or any predecessor of such Note.

  • Statement of Compliance means the statement forming part of a Tender indicating the Bidders compliance with the Specification.

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • Covenant Compliance Event means that Excess Availability at any time is less than the greater of (a) ten (10%) percent of the Line Cap or (b) $7,000,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until Excess Availability has exceeded the amounts set forth above for thirty (30) consecutive days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Compliance Date means, in each case, the date by which compliance is required under the referenced provision of ARRA’s or HIPAA’s implementing regulations, as applicable.

  • SOX Compliant Entity means an entity that either is required to be compliant with, or voluntarily is compliant with, all of the following provisions of the Sarbanes-Oxley Act of 2002: (i) the preapproval requirements of Section 201 (Section 10A(i) of the Securities Exchange Act of 1934); (ii) the Audit committee independence requirements of Section 301 (Section 10A(m)(3) of the Securities Exchange Act of 1934); and (iii) the Internal control over financial reporting requirements of Section 404 (Item 308 of SEC Regulation S-K).

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • Document of Compliance has the meaning given to it in the ISM Code.

  • Initial compliance period means the first full three-year compliance period which begins at least 18 months after promulgation, except for the following contaminants: Dichloromethane; 1,2,4-Trichlorobenzene; 1,1,2- Trichloroethane; Benzo[a]pyrene; Dalapon; Di(2-ethylhexyl adipate; Di(2-ethylhexyl) phthalate; Dinoseb; Diquat; Endothall; Endrin; Glyphosate; Hexachlorobenzene; Hexachlorocyclopentadiene; Oxamyl (Vydate); Picloram; Simazine; 2,3,7,8-TCDD (Dioxin); Antimony; Beryllium; Cyanide; Nickel; and Thallium, initial compliance period means the first full three-year compliance period after promulgation for systems with 150 or more service connections (January 1993 -December 1995) and first full three-year compliance period after the effective date of regulation (January 1996 - December 1998) for systems having fewer than 150 service connections.

  • Compliance means your local Compliance group (New York, London, Singapore, Tokyo and Mumbai).

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • Compliance year means the calendar year beginning with June 1 and ending with May 31 of the following year, for which a Retail Electricity Supplier must demonstrate that it has met the requirements of this Regulation.

  • Compliance schedule means a schedule of events, by date, which will result in compliance with these regulations.

  • Labor compliance agreement means an agreement entered into between a contractor or subcontractor and an enforcement agency to address appropriate remedial measures, compliance assistance, steps to resolve issues to increase compliance with the labor laws, or other related matters.

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

  • Substantial compliance means a level of compliance with these rules where any deficiencies pose no greater risk to resident health or safety than the potential for causing minor harm.

  • Reporting Requirements As defined in Section 11.15.

  • Assessment of Compliance As defined in Section 3.21.

  • Compliance Costs means all expenses, commitments or obligations in excess of one million dollars ($1,000,000) incurred by Carrier or required to be incurred by Carrier to comply with a Change in Law, irrespective of whether such expenses, commitments or obligations are to be incurred as a one-time expenditure or periodically for an extended period.