Minimum Required definition

Minimum Required. Distribution: $25.00 per Participant per MRD withdrawal. Plan Sponsor Webstation (PSW): Two (2) user IDs provided free of charge, each additional user ID, $500 per year. Return of Excess Contribution Fee: $25.00 per Participant, one-time charge per calculation and check generation.

Minimum Required. SECURITY COVER: Subject to no event of default, Minimum Required Security Cover to be waived during the Waiver Period. FINANCIAL COVENANTS OF THE CORPORATE GUARANTOR: Subject to no event of default, Financial Covenants of Dryships Inc. (Corporate Guarantor) to be waived during the Waiver Period.

Minimum Required. The Borrower is in compliance (circle yes or no) Yes/No

Examples of Minimum Required in a sentence

• Minimum required distributions must continue to be made by December 31 of each subsequent year, including the year in which you, as Depositor, are required to take your first minimum required distribution.

• Minimum required contribution amounts will take into consideration all pre-funding balances and funding standard carryover balances.

• Minimum required on-road hours Loaded trailer 38 Bobtail 4 Unloaded trailer 4 *Student/instructor choice 4 Total 50 *Up to 4 hours may be taught using a pintle-hitch truck and trailer.

• Minimum required distributions must continue to be made by December 31 of each subsequent year, including the year in which you, as Depositor, are required to take your Miscellaneous The following information may apply to both Depositors and Beneficiaries, except as otherwise clearly indicated.

• Semester/Year: Today’s Date: Course Number and Titl e: Course Instructor: ______________________ Community Partner Supervisor: Minimum required hours of service per student per semester: ______________________________ Expected number of enrolled students:______________________ Students Role(s): Type student roles here.

More Definitions of Minimum Required

Minimum Required. 1.00 Interest Coverage Ratio is computed as follows:

Minimum Required. Tangible Net Worth of Seller 1 $40MM consolidated (with a maximum of $10MM in undrawn capital) At any date, $40,000,000.00 Tangible Net Worth” shall mean with respect to a Person at any date, the sum of: (a) The total assets set forth on the consolidated balance sheet of such Person, prepared in accordance with GAAP including (1) the sum of: (i) the par or stated value of all outstanding common stock, (iii) paid-in capital, and (iv) retained earnings; less (2) the sum of: (i) 50% of the value of MSRs, (ii) goodwill, including any amounts (however designated on such balance sheet) representing the cost of acquisitions or Subsidiaries in excess of underlying tangible assets, together with costs allocated to the purchase or origination of such Person’s servicing portfolio or any part thereof, (ii) patents, trademarks, copyrights, leasehold improvements not recoverable at the expiration of a lease, and deferred charges (including, but not limited to unamortized debt discount and expense, and organizational expenses) and (iii) loans to, or investments in, affiliates, officers or employees; (b) Plus committed and undrawn capital up to the maximum set forth above; Less, the total liabilities of the Person. Minimum Required Liquidity of Seller 1 $5,000,000.00, unrestricted. Profitability of Seller 1 Seller 1 must attain positive net income, determined in accordance with GAAP, as of the last day of each calendar quarter, commencing with the quarter ending June 30, 2021, for the prior four (4) consecutive fiscal quarters then ending, of not less than $1.00.

Minimum Required. $________ (as calculated below) MINIMUM REQUIRED NET WORTH IS CALCULATED AS FOLLOWS:

Minimum Required. SECURITY LEASE YEAR DEPOSIT BALANCE ---------- -------------------------

Minimum Required the sum of - base amount: $__________ plus 0.70 times quarterly Net Income earned after June 30, 1997 (without deductions for losses): $__________ plus increase(s) in Stockholders' Equity after Closing Date: $__________ equals $__________

Minimum Required. 1.05:1.00 (PROVIDED that as of the last day of any Fiscal Quarter as of which (a) Annualized Gaming EBITDA for the Test Period is not less than $140,000,000 and (b) the Borrower's cash balances as of such date are in excess of $25,000,000, the required Fixed Charge Coverage Ratio shall be 1.00:1.00). $_______ THE FIXED CHARGE COVERAGE RATIO WAS COMPUTED AS FOLLOWS:

Minimum Required. 1.10:1.00 (for the fiscal quarter ended 7/31/04)