Target Ratio definition
Target Ratio for each calendar month shall mean the amount specified in Schedule IV with respect to such month.
Target Ratio means, with respect to a calendar year during the Performance Period, a Book-to-▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Target Ratio for such calendar year, which ratio shall be greater than the Threshold Ratio and less than the Maximum Ratio established by the Committee for such calendar year.
Target Ratio is defined in the definition of “Curative Distribution.”
Examples of Target Ratio in a sentence
Any increase in the applicable Incentive Fee Percentage, as provided in this section, shall be effective as of the date on which the Net Collection Target Ratio fell within the requisite range entitling the Servicer to an increased Incentive Fee, and shall apply only to those Collections falling within such requisite range.
The Member entitled to receive a Curative Distribution with respect to any Fiscal Year shall be the Member to whom such amount must be distributed in order that the Adjusted Tax Liability Distribution Amount of one Member in respect of such Fiscal Year and the sum of the Adjusted Tax Liability Distribution Amount of and the Curative Distribution made to the other Member in respect of such Fiscal Year shall be in the Target Ratio.
In the event distributions made pursuant to this Section 5.1.1(c) are not made in accordance with the Target Ratio, then the Company shall make an additional distribution in cash in such amount as is required in order that the aggregate distributions made pursuant to this Section 5.1.1(c) with respect to such Fiscal Year of the Company shall be made in the Target Ratio.
If the current liabilities of the Business as of the Closing Date exceed the total amount of cash in the Partnership’s bank accounts as of the Closing Date, the Purchase Price shall be reduced by the difference of cash required to reduce the Closing Date Ratio to the Target Ratio.
Suspend application of the Target Ratio during the term of the 2023 Agreements and maintain the current allocation of contributions as between the SAG Pension Plan and the AFTRA Retirement Fund as reflected in Section 22(a)(1)-(2) of the Television Agreement (and make conforming changes).
More Definitions of Target Ratio
Target Ratio. With respect to any Class of Notes, a fraction equal to (a) the Target Fraction for such Class of Notes over (b) the sum of the Target Fractions for such Class of Notes and all other Classes of Notes that are senior to such Class of Notes.
Target Ratio has the meaning set forth in Section 6.12(a).
Target Ratio means with respect to the Company, a ratio of Senior Debt to Total Capitalization to be determined in accordance with Section 2.1, which ratio shall not be less than [***], calculated in accordance with Section 5.6(a) of the Common Terms Agreement.
Target Ratio means, with respect to a calendar year during the Performance Period, a Book-to-▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Target Ratio for such calendar year, which ratio shall be greater than the Threshold Ratio and less than the Maximum Ratio established by the Committee for such calendar year. “Threshold Ratio” means, with respect to a calendar year during the Performance Period, a Book-to-▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Threshold Ratio for such calendar year, which ratio shall be less than the Target Ratio established by the Committee for such calendar year. B. Determination of the “Earned” Value of Book-to-Bill Performance Units The “target” value of a Book-to-Bill Performance Unit is $1.00; its maximum value is $2.00 per unit, and its minimum value will be zero per unit. The value of an “earned” Book-to-Bill Performance Unit shall be determined by multiplying its “target” value of $1.00 by the Average Book-to-Bill Payout Ratio for the Performance Period, subject to reduction as provided in Paragraph 3 of the Agreement. Notwithstanding the foregoing, unless otherwise provided in an agreement pursuant to Paragraph 14 of the Agreement, the Average Book-to-Bill Payout Ratio shall be deemed to have been met at the maximum level (200%) in connection with a Double Trigger Event as provided in Paragraph 2(d) of the Agreement. IV.
Target Ratio means, with respect to a calendar year during the Performance Period, a Book-to- ▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Target Ratio for such calendar year, which ratio shall be greater than the Threshold Ratio and less than the Maximum Ratio established by the Committee for such calendar year. “Threshold Ratio” means, with respect to a calendar year during the Performance Period, a Book- to-▇▇▇▇ ▇▇▇▇▇ established by the Committee as the Threshold Ratio for such calendar year, which ratio shall be less than the Target Ratio established by the Committee for such calendar year. IV. Determination of the “Earned” Value of Performance Units Performance Percentage Column A Column B Weighting 1. <Threshold 0% 2. Threshold 25% 3. Target 100% 4. Maximum 200% Company’s Average TSR Rank with Peer Group Members’ Average TSR 50% <20% 20% 50% 90% For a result (the “Performance Percentage”) between Threshold and Target or Target and Maximum in Column B, the Performance Percentage earned shall be determined by linear interpolation between maximum and threshold based on the result achieved for the performance measure. The “target” value of a Performance Unit is $1.00; its maximum value is $2.00 per unit if the maximum performance objective for the performance measure in Column B in the table above and the maximum Average Book-to-Bill Payout Ratio are achieved, and the Performance Unit value will be zero if the threshold performance objective for the performance measure in Column B in the table above is not achieved and the Average Book-to-Bill Payout Ratio is 0%. The value of an “earned” Performance Unit shall be determined by multiplying its “target” value of $1.00 by the Payout Percentage for the Performance Period, subject to reduction as provided in Paragraph 3 of the Agreement. The “Payout Percentage” for the Performance Period shall be equal to the sum of (i) the product of 50% and the Average Book-to-Bill Payout Ratio and (ii) the product obtained by multiplying Column A by the Column B Performance Percentage result for the TSR performance measure. Notwithstanding the foregoing, unless otherwise provided in an agreement pursuant to Paragraph 14 of the Agreement, for purposes of determining the Payout Percentage for payment upon a Double Trigger Event occurring prior to the end of the Performance Period, (i) the Column B result for the TSR performance measure shall be deemed to have been met at the maximum level (200%) and (ii) the Average Book-to-Bill Payout...
Target Ratio for any Year means a fraction, the numerator of which is the Target Earnings Per Share for such Year and the denominator of which is the Earnings Per Share for such Year.
Target Ratio has the meaning set forth in Section 6.12(a). “Tax” or “Taxes” means (i) all taxes, direct or indirect, levies, assessments, tariffs, fees, duties (including any customs duties), deficiencies, contributions or charges, including, but not limited to, income tax, franchise tax, capital gains tax, gross receipts tax, windfall profits tax, withholding tax, local tax, value added tax, sales tax, use tax, transfer tax, occupation tax, payroll tax, employment tax, production tax, excise tax, property tax, gift tax, estate tax, motor vehicle tax, vehicle registration fees, registration duties, customs duties, social contributions, social security contributions and charges (including Sozialversicherungsabgaben), including interest, fines, penalties (including any interest with respect to such fines and penalties) and other related charges imposed, assessed or collected by or under the authority of any Governmental Authority, (ii) any liability, including any secondary liability, for the payment of any amounts of the type described in paragraph (i) as a result of being a member of a consolidated, combined, unitary or aggregate group for any taxable period; and (iii) any liability for the payment of any amounts of the type described in paragraph (i) or (ii) as a result of being a transferee or successor to any Person or payable pursuant to any tax consolidation agreement. “Tax Authority” means, with respect to any Tax, the Governmental Authority in charge of imposing and/or collecting any Tax. “Tax Refund” has the meaning set forth in Section 8.7(a). “Tax Return” means any return, assessment (including self-assessment), report or statement (including elections, declarations, disclosures, schedules, estimates, information returns, claims, consents, surrenders, disclaimers, notices, written comments, filings, forms) and other information filed or submitted or required to be filed or submitted with any Tax Authority relating to Taxes. “Tax Termination Formalities” has the meaning set forth in Section 8.3(a). “Third Belgian and Swiss Post-Closing Pension Certificate” has the meaning set forth in Section 3.2(a)(ii) “Third Estimated Pension Closing Payment Amount” means the amount, expressed in Euro, determined in accordance with Exhibit E (Part 3(2)). “Third Party” means, with respect to any specified Person, any other Person who is not an Affiliate of such specified Person. “Third Party Claim” has the meaning set forth in Section 14.4. “Third Party Emissions Claim” has t...