Monthly Basis definition

Monthly Basis means the Services requested by the Customer detailed in 3.1 and/or within the Proposal or agreed upon between the Parties in writing. means any other Services (not listed in 3.1) requested by the Customer within the Proposal.
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Monthly Basis means a calendar month. Performance Failure - A failure by the Contractor to meet the Target Service Level any 3 months out of a 6 month period Material Performance Failure – A failure by the Contractor to meet the Target Service Level for 12 consecutive months PPR Operating Agreement - Schedules - v4 - FINAL.pdf
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Monthly Basis means all days of month including public holidays and Sunday.
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Examples of Monthly Basis in a sentence

  • Monthly Basis Point Fees and Minimum Quarterly Fees, as applicable, will be payable in arrears on a calendar quarter basis within 30 days after the end of each calendar quarter.

  • Reporting Covenant Required Complies Monthly financial statements with CC Monthly within 30 days Yes No Annual financial statements (CPA Audited) FYE within 180 days Yes No Borrowing Base Certificate w/ A/R and A/P agings, if required Monthly within 30 days when borrowing Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Projections Annually, within 30 days of Board approval Yes No Financial Covenant Required Actual Complies Maintain on a Monthly Basis: Minimum.

  • Measured on a Monthly Basis: Minimum Adjusted Quick Ratio 1.25:1.00 _____:1.00 Yes No Measured on a Quarterly Basis: Minimum Net Income See attached chart $______ Yes No Comments Regarding Exceptions: See Attached.

  • Maintain on a Monthly Basis: Liquidity Ratio 1.50:1.00 ____ to 1.00 Yes No TFS Revenue See Schedule 1 $_____ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Maintain on a Monthly Basis: Minimum Tangible Net Worth The Required TNW Amount (as such term is defined in the Loan Agreement).

  • ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain on a Monthly Basis: Minimum Quick Ratio 1.0:1.0 _____:1.0 Yes No Maximum Debt/Tangible Net Worth 0.6:1.0 _____:1.0 Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Maintain on a Monthly Basis: Current Ratio of at least* 1.10:1.00 :1.00 Yes No * Commencing with the month ending March 31, 2015.

  • The absence of Pensionable Compensation (or less than full compensation) in any calendar year shall not affect the requirement that only consecutive calendar years be considered in determining a Participant’s Average Monthly Basis Compensation.

  • Maintain on a Monthly Basis: Minimum Tangible Net Worth $3,000,000 increasing by 50% of new equity $___ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio :1.0 * :1.0 Yes No Maintain on a Quarterly Basis: Minimum Tangible Net Worth $ ** $ Yes No * As set forth in Section 6.7(a) of the Loan Agreement ** As set forth in Section 6.7(b) of the Loan Agreement The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.


More Definitions of Monthly Basis

Monthly Basis means each calendar month. Response times are calculated from the time the call is received by Orange County 911 Dispatch Center (“OCDC”) to the time the Allegiance unit arrives On-Scene time or proper cancellation time of the responding unit by the appropriate authority. Allegiance shall maintain accurate records as to the time the call is received by OCDC, the time of dispatch of an appropriate Allegiance unit in response to a call, the Arrival-On-Scene time, and any other appropriate times used in the customary practice of providing the Services set forth herein. Allegiance’s crews shall accurately maintain and report Arrival-On-Scene times immediately upon arrival at the scene of a call to the OCDC dispatcher. Allegiance shall fully cooperate with the Orange County Sheriff’s Office in all dispatching and performance hereunder. All backfill units will contact dispatch with time stamp via radio, upon arriving within the ESD. Allegiance agrees to cooperate with Orange County ESD1 in evaluating and creating revised Response Time Performance Areas and Standards for the purpose of measuring response times within the Primary Service Area. Primary Service Area is defined as the territorial limits of the ESD.
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Monthly Basis means a calendar month
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Monthly Basis means on or about the monthly anniversary of the date of the Initial Closing during the Commitment Period, as set forth on Schedule 1.
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Monthly Basis means the practice of paying with[in] fifteen days of the close of each calendar month for all milk purchased during such month;
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Monthly Basis means the first business day of every month.
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Monthly Basis a Performer who performs a maximum of 20 calls in a month;
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Related to Monthly Basis

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Five-year U.S. Treasury Rate means, as of any Reset Interest Determination Date, as applicable, (i) an interest rate (expressed as a decimal) determined to be the per annum rate equal to the arithmetic mean of the five most recent daily yields to maturity for U.S. Treasury securities with a maturity of five years from the next Reset Date and trading in the public securities markets or (ii) if there is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the public securities markets, then the rate will be determined by interpolation between the arithmetic mean of the five most recent daily yields to maturity for each of the two series of U.S. Treasury securities trading in the public securities market, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Interest Determination Date, and (B) the other maturing as close as possible to, but later than, the Reset Date following the next succeeding Reset Interest Determination Date, in each case as published in the most recent H.15. If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clause (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Interest Determination Date or the same interest rate as the initial Interest Period, 5.875%, if prior to the First Call Date.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Percentage Rate or “APR” of a Receivable means the annual rate of finance charges stated in such Receivable.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Reference Month means the calendar month for which the level of the Inflation Index is reported as specified in the applicable Final Terms, regardless of when this information is published or announced, except that if the period for which the Relevant Level was reported is a period other than a month, the Reference Month shall be the period for which the Relevant Level is reported.

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.