Test Ratio definition

Test Ratio means, for any period, the ratio (determined by reference to the consolidated financial statements of the Borrower and its Subsidiaries most recently required to be delivered pursuant to Section 5.1(h)(i) or (ii), as the case may be) of (a) the total Debt of Borrower and its Subsidiaries on a consolidated basis on the last day of such period to (b) Consolidated EBITDA of the Borrower and its Subsidiaries for such period.
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Test Ratio means, for any period, the ratio (determined by reference to the consolidated financial statements of the Borrower and its Subsidiaries most recently required to be delivered pursuant to Section 11.1(h)(i) or (ii), as the case may be) of (a) the total Debt of Borrower and its Subsidiaries on a consolidated basis on the last day of such period to (b) Consolidated EBITDA of the Borrower and its Subsidiaries for such period.
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Test Ratio has the meaning given to such term in SECTION 2.05(a).
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Examples of Test Ratio in a sentence

  • Permit the Test Ratio for any period of four consecutive fiscal quarters to be greater than 3.25 to 1.0.

  • In the event the statement of Acid Test Ratio Adjustment delivered by Seller and accepted by Buyer indicates a deficit, then Buyer shall reduce the Closing Cash by such deficit.

  • The fees and expenses of the Auditor shall be borne by Buyer and Seller in proportion to the degree to which the Acid Test Ratio Adjustment differs from the amount of Acid Test Ratio Adjustment proposed by the payer.

  • In connection therewith, Buyer will provide Seller reasonable access to all of Buyer’s records not otherwise available to Seller as a result of the transactions contemplated by this Agreement, to the extent reasonably related to Seller’s review of Buyer’s Acid Test Ratio Adjustment statement and the calculation of Acid Test Ratio Adjustment.

  • The interest rate payable on outstanding advances under Facility No. 3 shall be determined as follows: Interest Interest Rate shall Rate shall If the Test be Reference -or- be LIBOR Ratio is : Rate plus Rate plus 2.0:1 or greater .50% 2.25% 1.0:1 or greater but less than 2.0:1 .25% 2.00% less than l.0:1 0% 1.75% with the Test Ratio, and resulting interest rate, being computed by the Bank in the same manner as is provided in Paragraph 2.4(a).

  • Permit the Test Ratio for any period of four consecutive fiscal quarters to be greater than 3.0 to 1.0.

  • Seller and Buyer each shall bear its own expenses in the preparation and review of the Acid Test Ratio Adjustment statements.

  • Seller and Buyer will use commercially reasonable efforts to cooperate with each other in connection with the preparation of the Acid Test Ratio Adjustment statements.

  • The Auditor shall determine as promptly as practicable (and in any event, within thirty (30) days) whether the Acid Test Ratio Adjustment statement was prepared in accordance with the standards set forth in this Agreement and, only with respect to the disagreements submitted to the Auditor, whether and to what extent (if any) Closing Date Acid Test Ratio requires adjustment.

  • The interest rate payable on each advance made under this Facility No. 2 shall be determined as follows: Interest Interest Rate shall Rate shall If the Test be Reference -or- be LIBOR Ratio is : Rate plus Rate plus 2.0:1 or greater .25% 2.125% l.0:1 or greater, but less than 2.0:1 0% 1.875% less than 1.0:1 (.25)% 1.500% with the Test Ratio, and resulting interest rate, being computed by the Bank in the same manner as is provided in Paragraph 2.4(a).


More Definitions of Test Ratio

Test Ratio means, as of any date of calculation, the ratio of (i) Net Funded Debt as of such date to (ii) Consolidated EBITDA for the relevant fiscal period, annualized to the extent such period is less than 12 Fiscal Months. The “relevant fiscal period” referenced in the preceding sentence means (i) for any date of calculation during the 12 Fiscal Month period after the Merger, the period beginning with and including the first Fiscal Month after the Merger through and including the Fiscal Month just ended on the date of calculation; and (ii) for any date of calculation after the 12 Fiscal Month period after the Merger, the 12 Fiscal Months just ended on the date of calculation.
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Test Ratio means, as of any date of determination, the ratio of (i) Net Funded Debt as of such date to (ii) Consolidated EBITDA for the period of 12 Fiscal Months ended on such date.
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Related to Test Ratio

  • CET1 Ratio means, as of any Balance Sheet Date, the CET1 Capital as of such Balance Sheet Date, divided by the BIS Risk Weighted Assets as of such Balance Sheet Date, expressed as a percentage, such ratio (or the components thereof) as determined by the Group Holding Company, and (i) as disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) constituting (or as disclosed in) the Reviewed Interim Measurement published upon the instruction of FINMA on the relevant Extraordinary Publication Date, as applicable.

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

  • Quick Ratio means, with respect to Lessee at any time, the ratio, determined on a consolidated basis in accordance with GAAP, of:

  • Debt Ratio means “Total borrowings (include current & non-current borrowings” divided by “Total Equity (exclude non-controlling interests)”.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.