Ratio Period definition

Ratio Period means each period of approximately 6 months covering two quarterly Accounting Periods of the Group ending on each date to which each set of financial statements required to be delivered under Section 4.03 (Reports) of Schedule 14 (Covenants) are prepared.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Ratio Period has the meaning given to it in Clause 17.1 (Financial definitions).

Ratio Period has the meaning given to it in Clause 17.2 (Calculation times and periods).

Examples of Ratio Period in a sentence

The Borrower shall provide the Bank, together with the Financial Statements specified in Section 13.1 above for each Ratio Period, a compliance certificate certified by the Auditors setting out in reasonable detail its calculation of and establishing its compliance with the Financial Covenants set out in Section 14 (Financial Covenants) for the previous Ratio Period .
For the purposes of Clause 17.2 (Financial ratios), Senior Debt for any Ratio Period will be calculated on the basis of Senior Debt outstanding on the last day of that Ratio Period.
For the purposes of Clause 24.3 (Financial condition), Indebtedness as defined in Schedule 16 (Definitions) for any Ratio Period will be calculated on the basis of Indebtedness as defined in Schedule 16 (Definitions) outstanding on the last day of that Ratio Period but shall be reduced by the amount of cash and Cash Equivalents (as defined in Schedule 16 (Definitions)) on the consolidated balance sheet of the Company.
Annualised EBITDA of the Borrower Group used in such calculations by subtracting the Annualised EBITDA attributable to persons or assets disposed of since the end of the Latest Ratio Period and the Annualised EBITDA attributable to the person or asset the subject of such disposal, in each case for the Latest Ratio Period, those financial ratios would not be breached.
The Parent shall procure that for each Ratio Period the ratio of EBITDA to Interest Payable shall not be less than 4.5:1.

More Definitions of Ratio Period

Ratio Period means each period of approximately 6 months covering two quarterly Accounting Periods of the Borrower Group ending on each date to which each set of financial statements required to be delivered under Clause 16.2(a) or (b) (Financial information) are prepared. Senior Debt means at any time, the consolidated Financial Indebtedness of the Borrower Group, excluding:

Ratio Period means any period of 15 consecutive business days for which the General Partner has determined that the BUCs Ratio has remained below 1.0.

Ratio Period means each period covered by the four consecutive quarterly Accounting Periods ending on the last day of a quarterly Accounting Period.

Ratio Period means for any date of determination under this Agreement, the two consecutive fiscal quarters of the Company most recently ended as of such date of determination.

Ratio Period means each twelve month period ending on the date to which each set of financial statements delivered by the Company pursuant to Clause 9.2 (Financial information) was prepared.

Ratio Period means each twelve month period ending on the date to which the latest annual or interim semi-annual consolidated financial statements of the Group were prepared: the first such date shall be 30 June 2017.

Ratio Period means the four (4) consecutive Fiscal Quarters ending as of ------------ the date as of which the Ratio of Earnings to Fixed Charges is being determined.