TRACKER RATIO definition

TRACKER RATIO means, in respect of a Calculation Period, the Average Tracker Rate Loan Balance divided by the Average Loan Balance.
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TRACKER RATIO means, in respect of a Calculation Period, the Average Tracker Rate Loan Balance divided by the Average Loan Balance. Tracker Spread means -0.07 per cent. per annum.
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TRACKER RATIO means, in respect of a Calculation Period or a particular date, the Relevant Average Tracker Loan Balance divided by the Average Loan Balance, in each case, for such Calculation Period or date (as applicable).
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More Definitions of TRACKER RATIO

TRACKER RATIO means, in respect of a Calculation Period or a particular date, the Relevant Average Tracker Loan Balance divided by the Average Loan Balance, in each case, for such Calculation Period or date (as applicable). Tracker ▇▇▇▇▇ Spread means 0.75% per annum, or such other rate specified as the Tracker ▇▇▇▇▇ Spread in the most recent Final Terms, or such other rate as the Calculation Agent may, in consultation with the Cash Manager, on any Assignment Date, specify as being effective for one or more succeeding Calculation Periods provided that the Rating Agencies have confirmed to the Security Trustee in writing that such other rate will not cause the then current rating of the Rated Notes to be downgraded or placed under review for possible downgrade. If a written request for such confirmation is delivered to each Rating Agency and (a) either (i) a Rating Agency (a Non- Responsive Rating Agency) indicates that it does not consider such confirmation necessary in the circumstances or (ii) within 30 days of delivery of such request, such request elicits no confirmation and/or such request elicits no statement by such Non-Responsive Rating Agency that such confirmation could not be given; and (b) at least one Rating Agency gives such a confirmation based on the same facts, then the rate specified by the Calculation Agent shall be effective, so that there shall be no requirement for the confirmation from any Non-Responsive Rating Agency.
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Related to TRACKER RATIO

  • Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.

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

  • 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.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

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