Ratio Date definition

Ratio Date means each 31 March, 30 June, 30 September and 31 December of each calendar year, with the first such date being 30 September 2012.
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Ratio Date means the last day of the fourth full calendar quarter following the First Operational Date. "Reference Page" means the display of London interbank offered rates of major banks for deposits in the Loan Currency designated as page LIBOR01 on Reuters services (or such other page as may replace page LIBOR01 on Reuters services for the purpose of displaying London interbank offered rates for deposits in the Loan Currency).
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Examples of Ratio Date in a sentence

  • The provisions of Section 4.1(b) and (h) will terminate upon the earliest to occur of (i) the third anniversary of the date hereof, (ii) the date on which the Purchasers no longer owns shares of Series A Preferred having an aggregate Series A Liquidation Preference of at least $125 million, and (iii) the later to occur of (A) the first anniversary of the date hereof and (B) the Financial Ratio Date.

  • Any calculation made pursuant to this Section 4.15 on a NEG Downgrade Ratio Date shall be made (1) as of the end of the month immediately preceding such NEG Downgrade Ratio Date and (2) with the assumption that all payments and other actions described in the definition of NEG Downgrade Ratio Date have been made or taken as of such date.

  • The Original Borrower must ensure that on each Ratio Date the ratio of EBITDA to Gross Interest is not less than 4.0:1.

  • The financial undertaking set out in this Clause 21 (Financial Covenants) will be tested on each Ratio Date by reference to the most recent Financial Statements or management accounts and Compliance Certificate delivered pursuant to Clause 20.1 (Financial Statements) and Clause 20.2 (Compliance Certificate).

  • Maintain at all times during the periods designated below a ratio of total liabilities to Domestic Tangible Net Worth in a proportion not more than that designated opposite each such period: Period Maximum From Through Leverage Ratio Date hereof - 12/30/97 1.5 to 1.0 12/31/97 and at all times thereafter 1.0 to 1.0 (total liabilities to be determined in accordance with GAAP).

  • The Original Borrower must ensure that on each Ratio Date, the ratio of Gross Debt to EBITDA is less than 3.0:1.

  • If, subsequent to any First-Level Reduced Ratio Date, the Company or any of its Subsidiaries incur First-Level Excess Ratio Debt or subsequent to any Second-Level Reduced Ratio Date the Company or any of its Subsidiaries incur Second-Level Excess Ratio Debt, the interest rate applicable to the Securities will increase in accordance with the preceding sentence.

  • The provisions of Section 4.1(b) and (h) will terminate upon the earliest to occur of (i) the third anniversary of the date hereof, (ii) the date on which Purchaser no longer owns shares of Series A Preferred having an aggregate Series A Liquidation Preference of at least $125 million, and (iii) the later to occur of (A) the first anniversary of the date hereof and (B) the Financial Ratio Date.

  • Title: Date [Insert Name of Non-U.S. Lender] EXHIBIT S FORM OF COMPLIANCE CERTIFICATE (Required Asset Coverage Ratio) [Date] Citibank, N.A. as the Administrative Agent ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇.

  • Maintain a Total Senior Funded Debt to Adjusted EBITDA Ratio of Borrower of not more than the following respective amounts during each of the following respective specified periods: Period Total Senior Funded Debt to Adjusted EBITDA Ratio Date hereof through December 30, 2018 3.50 to 1.00 December 31, 2018 through December 30, 2019 3.00 to 1.00 December 31, 2019 and thereafter.