Reserve Tail Ratio definition

Reserve Tail Ratio means for any calculation date, the quotient obtained by dividing (a) all of the Borrower’s remaining Proved Reserves as of such calculation date by (b) all of the Borrower’s Proved Reserves as of the date of this Agreement.
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Reserve Tail Ratio means the ratio expressed as a percentage of:
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Reserve Tail Ratio means as of any date of determination, the ratio of (a) the then-current forecasted production of gold from the Project from the scheduled Maturity Date through the remainder of the life of the mine as set forth in the Base Case Financial Model to (b) the gold originally forecasted to be produced from the Project for the life of the mine in the initial Base Case Financial Model utilizing the proven and probable reserves based on the assumed metals price used by the Borrower in its reserves calculations for the most recent ended Fiscal Year and verified and accepted by the Independent Technical Consultant.
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Examples of Reserve Tail Ratio in a sentence

  • From January 2021, net working capital excluding credit facility amounts due and warrant liabilities, is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000;(iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021;(iv) the Total Debt to Equity Ratio is less than 60 to 40;(v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and(vi) the Reserve Tail Ratio is greater than 30%.

  • Tetra4 is required to maintain at all times i) a ratio of all interest bearing Debt to EBITDA of not more than 3.0 to 1; (ii) a ratio of Current Assets to Current Liabilities of not less than 1 to 1; and (iii) a Reserve Tail Ratio of not less than 25%.

  • Tetra4 is required to maintain at all times i) a ratio of all interest-bearing Debt to EBITDA of not more than 3.0 to 1; (ii) a ratio of Current Assets to Current Liabilities of not less than 1 to 1; and (iii) a Reserve Tail Ratio of not less than 25%.

  • Reserve Tail Ratio): will exceed 30%.There have been no breaches of these ratios.

  • Reserve Tail Covenant As at 31 December and 30 June or any other date as at which the Group updates its Reserves Report, the Reserve Tail Ratio must exceed 30%.

  • From January 2021, net working capital is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000:(iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021:(iv) the Total Debt to Equity Ratio is less than 60 to 40:(v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and(vi) the Reserve Tail Ratio is greater than 30%.

  • From January 2021, net working capital excluding credit facility amounts due is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000: (iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021: (iv) the Total Debt to Equity Ratio is less than 60 to 40: (v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and (vi) the Reserve Tail Ratio is greater than 30%.

  • The Borrower shall at all times maintain the Reserve Tail Ratio to be greater than 30%.

  • Reserve Tail Ratio): will exceed 30%.There have been no breaches of these ratios.d) The total assets of the entities over which security exists amounts to $879.995m.

  • IMO COMMENTS:While the employer sought core hours of 39 per week and the ability to roster core hours 24/7, the above does represent significant change to working patterns of consultants.When considering whether to switch contract or take up a post in the health services it is important that each individual understands the employer obligations in relation to rostering in line with the contractual provisions and the principles of rostering.


More Definitions of Reserve Tail Ratio

Reserve Tail Ratio means, as of any particular date, the ratio expressed as a percentage of (A) the then current forecasted production from the Project of the aggregate of ounces of gold and silver through the remainder of the Life of Mine as set forth in the Base Case Financial Model divided by (B) the total forecasted production for the aggregate of ounces of gold and silver forecast to be produced from the Project for the Life of Mine as set forth in the Initial Base Case Financial Model. For the purposes of this definition, production of Product shall be calculated in the manner set forth in the Base Case Financial Model utilizing the Proven and Probable Reserves verified and accepted by the Independent Technical Consultant.
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Reserve Tail Ratio. Percentage of Reserves projected to remain in the ground when the Facility is repaid, to the Reserves in the ground at the date of first drawdown. The Reserve Statement prepared by the Borrower and confirmed by the Independent Technical Consultant relating to the mining operations is to be in a form and substance satisfactory to the Lenders, showing a number of tons of ore and metal grades as proven and probable reserves as defined under Nl 43-101 or as agreed by the Lenders. The Development Plan shall be reconciled to this reserve statement.
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Reserve Tail Ratio means, as of any particular date, the ratio expressed as a percentage of (a) the then current forecasted consolidated production of ounces of contained gold from the Proven and Probable Reserves for the Timmins/Thunder Creek Mine Complex and the Xxxx Creek Complex from the Maturity Date through the remainder of the Life of Mine as set forth in the Base Case Financial Model divided by (b) the remaining Proven and Probable Reserves for contained gold forecast to be produced from the relevant Projects for the Life of Mine as set forth in the Base Case Financial Model. For the purposes of this definition, production of gold shall be calculated in the manner set forth in the Base Case Financial Model utilizing the Proven and Probable Reserves for the Timmins/Thunder Creek Mine Complex and the Xxxx Creek Complex verified and accepted by the Independent Engineer.
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Reserve Tail Ratio means, on any date of determination and expressed as a percentage, the ratio of (a) projected payable silver equivalents contained in ore reserves projected to exist on the Maturity Date to (b) total payable silver equivalents contained in life of mine ore reserves as of the date of determination as described in then-effective Long-Term Plan.
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Reserve Tail Ratio means, as of any particular date, the ratio expressed as a percentage of (i) the then current forecasted consolidated production of ounces of contained gold from the Proven and Probable Reserves from the Maturity Date through the remainder of the Life of Mine as set forth in the Base Case Financial Model divided by (ii) the remaining Proven and Probable Reserves for contained gold forecast to be produced from the Projects for the Life of Mine as set forth in the Base Case Financial Model. For the purposes of this definition, production of gold shall be calculated in the manner set forth in the Base Case Financial Model utilizing the Proven and Probable Reserves verified and accepted by the Independent Engineer.
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Reserve Tail Ratio means at any Calculation Date, the ratio (expressed as a percentage) of A:B where:
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Related to Reserve Tail Ratio

  • Loss Reserve Ratio means, for any Calculation Period, the product of (a) the Stress Factor, (b) the highest three-month average, during the twelve-month period ending on the most recent Month End Date, of the Default Ratio and (c) the Loss Horizon Ratio for such Calculation Period.

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Dilution Reserve Ratio means, as of any date, an amount calculated as follows: DRR = [(2.25 x ADR) + [(HDR-ADR) x (HDR/ADR)]] x DHR where: DRR = the Dilution Reserve Ratio; ADR = the average of the Dilution Ratios for the past twelve Collection Periods; HDR = the highest average of the Dilution Ratios for any three consecutive Collection Periods during the most recent twelve months; and DHR = the Dilution Horizon Ratio. The Dilution Reserve Ratio shall be calculated monthly in each Monthly Report and such Dilution Reserve Ratio shall, absent manifest error, be effective from the corresponding Monthly Settlement Date until the next succeeding Monthly Settlement Date.

  • Quick Ratio means the ratio of:

  • Adjusted Leverage Ratio means, as of any date, the ratio of (a) Consolidated Total Funded Debt outstanding as of such date minus any Unrestricted Cash over $3,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date.

  • Liquidity Ratio means the ratio of Liquidity to all Indebtedness to Bank.

  • Debt Service Ratio means for any period the Modified Cash NOI for all consolidated and unconsolidated properties of the Operating Partnership based on its share (determined on a proportional ownership basis based upon the Operating Partnership’s ownership (direct or indirect) in each of its Subsidiaries and Joint Ventures) divided by Debt Service.

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Funded Debt Ratio means, as of the end of a quarter, the ratio of (A) Borrower’s consolidated obligations for borrowed money and obligations evidenced by bonds, debentures, notes, bills or other similar instruments to (B)

  • Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).

  • Margin Ratio is the percentage of the value of the Collateral up to which the Customer is permitted to borrow (or otherwise to secure other forms of financial accommodation) from the Company against the Collateral.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed four fiscal quarters.

  • Index Ratio means the Final Index Price divided by the Initial Index Price.

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.

  • Loss Horizon Ratio means, as of any date of determination, a fraction (expressed as a percentage), (a) the numerator of which is the aggregate initial Unpaid Balance of all Receivables originated by each Originator during the immediately preceding four Settlement Periods then most recently ended and (b) the denominator of which is the Net Portfolio Balance as of the Cut-Off Date of the most recently ended Settlement Period.

  • Capitalization Ratio means, at any date of determination, the ratio of (a) Funded Debt to (b) Capitalization.

  • Freeboard ratio means the freeboard height divided by the width of the degreaser.

  • Equity Ratio means the ratio of Equity to Total Assets.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Debt to Capitalization Ratio means, with respect to the Borrower, as of any date of determination, the ratio of (a) Total Debt for the Borrower as of such date to (b) Total Capitalization for the Borrower as of such date.

  • Consolidated Senior Leverage Ratio means the ratio of Consolidated Senior Debt, determined as of the last day of any fiscal quarter of the Company, to Consolidated EBITDA for the period of 12 months ending on such last day.

  • Total Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of that day minus the lesser of (i) Unrestricted Cash and (ii) $5,000,000 to (b) EBITDA for the Computation Period ending on that day.

  • Asset Coverage Ratio means, on a consolidated basis for Borrower and its Subsidiaries, the ratio which the value of total assets, less all liabilities and indebtedness not represented by Senior Securities, bears to the aggregate amount of Senior Securities representing indebtedness of the Borrower and its Subsidiaries (all as determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder). For clarity, the calculation of the Asset Coverage Ratio shall be made in accordance with any exemptive order issued by the Securities and Exchange Commission under Section 6(c) of the Investment Company Act relating to the exclusion of any Indebtedness of any SBIC Subsidiary from the definition of Senior Securities only so long as (a) such order is in effect, and (b) no obligations have become due and owing pursuant to the terms of any Permitted SBIC Guarantee.

  • Debt to Cash Flow Ratio means, with respect to any Person as of any date of determination, the ratio of (a) the Consolidated Indebtedness of such Person as of such date, less cash and Cash Equivalents, to (b) the Consolidated Cash Flow of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available. For purposes of making the computation referred to above:

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date that is secured on a first lien basis by assets or properties of Holdings or any Subsidiaries to (b) Consolidated EBITDA of Holdings and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period.