Ratio Effective Date definition

Ratio Effective Date means the first date, upon which the Purchasers’ Pool Investment exceeds $50,000,000.
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Ratio Effective Date means the first date, upon which the Purchasers’ Pool Investment exceeds $50,000,000. “Receivable” means any right to payment from a Person, whether constituting an account, chattel paper, instrument, or a general intangible (as such terms are defined under the UCC), arising from the financing of the sale and installation costs of Equipment by ADT pursuant to a Contract and including any payment obligations of such Person with respect thereto; provided, however that no right to payment or other indebtedness owing by a Sanctioned Person shall (i) constitute a Receivable, (ii) be deemed to have been sold or contributed to the Seller by ADT pursuant to the Sale Agreement, or (iii) sold or pledged hereunder by the Seller. “Receivable Pool” means at any time all of the outstanding Receivables sold or, purported to be sold to the Collateral Agent (on behalf of the Purchasers) pursuant to this Agreement. “Records” means all Contracts and other documents, instruments, books, records, purchase orders, agreements, reports, and other information (including computer programs, tapes, disks, other information storage media, data processing software, and related property and rights) prepared or maintained by ADT, the Servicer, or the Seller, respectively, with respect to the Pool Receivables, the Related Assets, the related Service Charge Receivables and the A-32
Sample 1
Ratio Effective Date means the first date, upon which the Purchasers’ Pool Investment exceeds $50,000,000. “Receivable” means any right to payment from a Person, whether constituting an account, chattel paper, instrument, or a general intangible (as such terms are defined under the UCC), arising from the financing of the sale and installation costs of Equipment by ADT pursuant to a Contract and including any payment obligations of such Person with respect thereto; provided, however that no right to payment or other indebtedness owing by a Sanctioned Person shall (i) constitute a Receivable, (ii) be deemed to have been sold or contributed to the Seller by ADT pursuant to the Sale Agreement, or (iii) sold or pledged hereunder by the Seller. “Receivable Pool” means at any time all of the outstanding Receivables sold or, purported to be sold to the Collateral Agent (on behalf of the Purchasers) pursuant to this Agreement. “Records” means all Contracts and other documents, instruments, books, records, purchase orders, agreements, reports, and other information (including computer programs, tapes, disks, other information storage media, data processing software, and related property and rights) prepared or maintained by ADT, the Servicer, or the Seller, respectively, with respect to the Pool Receivables, the Related Assets, the related Service Charge Receivables and the Obligors of such Pool Receivables. For the avoidance of doubt, “Records” shall include any Chattel Paper (tangible or electronic) evidencing any Pool Receivables. “Register” is defined in Section 13.3(e). “Related Assets” means (a) with respect to any Pool Receivable, (x) all security interests, hypothecations, reservations of ownership, liens, or other Adverse Claims, and property subject thereto from time to time purporting to secure payment of such Pool Receivable, including pursuant to the Contract pursuant to which such Pool Receivable was originated, together with all financing statements, registrations, hypothecations, charges, or other similar filings or instruments against an Obligor and all security agreements describing any collateral securing such Pool Receivable, if any, (y) all interest in any Equipment relating to any Contract giving rise to such Pool Receivable in respect of which such Equipment is sold or purported to be sold by ADT, including without limitation, the right to repossess such Equipment, and (z) all guarantees, insurance policies, and other agreements or arrangements of whatsoever chara...
Sample 1

Examples of Ratio Effective Date in a sentence

  • Parent Tangible Net Worth Effective Date to $100,000,000 12/30/1996 12/31/1996 to $125,000,000 12/30/1997 12/31/1997 to $150,000,000 termination Fixed Charge Coverage Ratio Effective Date to 1.0 to 1.0 9/30/1996 10/1/1996 to 1.4 to 1.0 6/30/1997 6/30/1997 to 1.5 to 1.0 termination II.

  • The Consolidated Fixed Charge Coverage Ratio shall not, as determined as of the last day of each fiscal quarter ending during the periods set forth below, be less than the minimum ratio set forth below opposite such period: Each Fiscal Quarter Ending During the Period Minimum Fixed Charge Coverage Ratio Effective Date through April 30, 2006 3.00 to 1.00 May 1, 2006 through the Maturity Date 3.50 to 1.00 Indebtedness.

  • Not permit the Fixed Charge Coverage Ratio as of the last day of any Computation Period to be less than the applicable ratio set forth below: Computation Period Ending: Fixed Charge Coverage Ratio Effective Date through March 27, 2004 Thereafter 1.20 to 1.0 1.30 to 1.0.

  • Maintain on a Quarterly Basis*: Maximum Consolidated Leverage Ratio: Effective Date through 3/31/20 3.00:1.00 _____:1.00 Yes No 4/1/20 and thereafter 2.50:1.00 _____:1.00 Yes No Minimum Fixed Charge Coverage Ratio: 1.25:1.00 _____:1.00 Yes No * Only required if Borrower’s Adjusted Quick Ratio is less than 1.50 to 1.00.

  • Maintain at all times during the periods set forth below, a Leverage Ratio of not more than the ratios set forth below: Period Ratio Effective Date through January 31, 1998 4.25:1.00 February 1, 1998 through July 31, 1999 4.00:1.00 August 1, 1999 through January 29, 2000 3.75:1.00 January 30, 2000 through July 29, 2000 3.50:1.00 July 30, 2000 through August 4, 2001 3.25:1.00 August 5, 2001 and thereafter 3.00:1.00.

  • Not permit the Senior Leverage Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: Computation Period Ending: Senior Leverage Ratio Effective Date through September 28, 2002 December 28, 2002 through June 28, 2003 Thereafter 2.85 to 1.0 2.25 to 1.0 1.75 to 1.0.

  • Maintain on a Quarterly Basis*: Maximum Consolidated Leverage Ratio: Effective Date through 3/31/17 3.00:1.00 :1.00 Yes No 4/1/17 and thereafter 2.50:1.00 :1.00 Yes No Minimum Fixed Charge Coverage Ratio: 1.25:1.00 :1.00 Yes No * Only required if Borrower’s Adjusted Quick Ratio is less than 1.50 to 1.00.

  • Some of those may get reversed and it may go back to soggy yards but dry basements.

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  • The Consolidated Leverage Ratio shall not, as determined as of the last day of each fiscal quarter ending during the periods set forth below, exceed the maximum ratio set forth below opposite such period: Each Fiscal Quarter Ending During the Period Maximum Consolidated Leverage Ratio Effective Date through April 30, 2005 3.25 to 1.00 May 1, 2005 through April 30, 2006 3.00 to 1.00 May 1, 2006 through the Maturity Date 2.50 to 1.00 Minimum Consolidated Fixed Charge Coverage Ratio.

Related to Ratio Effective Date

  • IPO Effective Date means the date upon which the Securities and Exchange Commission declares the initial public offering of the Company's common stock as effective.

  • SEC Effective Date means the date the Registration Statement is declared effective by the Commission.

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Extension Effective Date has the meaning assigned to such term in Section 2.22(a).

  • Initial Effective Date means the date that the Initial Registration Statement has been declared effective by the SEC.

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Amendment No. 7 Effective Date has the meaning assigned to such term in Amendment No. 7.

  • the Effective Date means each date that the Registration Statement and any post-effective amendment or amendments thereto became or become effective. "Execution Time" shall mean the date and time that this Agreement is executed and delivered by the parties hereto. "Basic Prospectus" shall mean the form of basic prospectus relating to the Securities contained in the Registration Statement at the Effective Date. "Prospectus" shall mean the Basic Prospectus as supplemented by the Prospectus Supplement. "Registration Statement" shall mean the Registration Statement referred to in paragraph (a) above, including incorporated documents, exhibits and financial statements, as amended at the Execution Time. "Rule 415" and "Rule 424" refer to such rules under the Act. Any reference herein to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 which were filed under the Exchange Act on or before the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be; and any reference herein to the terms "amend", "amendment" or "supplement" with respect to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the filing of any document under the Exchange Act after the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be, deemed to be incorporated therein by reference.

  • Amendment No. 6 Effective Date has the meaning assigned to such term in Amendment No. 6.

  • Policy Effective Date means the commencement date of these Terms and Benefits which is specified as "Policy Effective Date" in the Policy Schedule.

  • Additional Effective Date means the date the Additional Registration Statement is declared effective by the SEC.

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Merger Effective Date means the date on which the Merger is consummated.

  • Amendment No. 4 Effective Date has the meaning assigned to such term in Amendment No. 4.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Resignation Effective Date has the meaning specified in Section 9.06(a).

  • Original Effective Date means the Effective Date under, and as defined in, the Original Credit Agreement.

  • Amendment No. 8 Effective Date has the meaning assigned to such term in Amendment No. 8.

  • Amendment No. 5 Effective Date has the meaning assigned to such term in Amendment No. 5.

  • Restatement Effective Date means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02).

  • PAL effective date generally means the date of issuance of the PAL permit. However, the PAL effective date for an increased PAL is the date any emissions unit that is part of the PAL major modification becomes operational and begins to emit the PAL pollutant.

  • Change of Control Effective Date means the first date during the Change of Control Period (as defined in Section 7.2) on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs and if the Executive’s employment with the Company (or applicable affiliated company) is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the “Change of Control Effective Date” shall mean the date immediately prior to the date of such termination of employment.