Minimum Ratio Clause Samples

POPULAR SAMPLE Copied 1 times
Minimum Ratio. Trustor shall maintain a ratio, as of the end of each fiscal year of Trustor, of (x) the amount of Trustor’s annual Net Income adjusted to exclude any non-cash income and to exclude expenses for interest, taxes, depreciation, amortization, asset impairment, and restaurant opening costs; less the amount of dividends and distributions paid to shareholders of Trustor, to (y) the amount of the current portion of long-term obligations plus the amount of the annual interest expense for the fiscal year, that is equal to or greater than 2.00 to 1. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be based on Trustor’s most recent annual financial statements, and shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Trustor as being true and correct.
View SourceView Similar (2)
Minimum Ratio. The Borrower ensures that DSCR shall be not less than 1.1 during two consecutive calendar years (Measurement Periods) preceding the calculation date (“Minimum Ratio”). The calculation of the DSCR shall be based on the Annual Financial Statements. DSCR will be calculated every year, at the date of the approval of the Annual Financial Statements beginning from the Annual Financial Statements for year ended on December 31, 2024, and written calculation of the DSCR signed by the CFO of the Borrower shall be delivered to the Lender within 10 (ten) Business Days from publication of the date of following the approval of the Annual Financial Statements.
View Source
Minimum Ratio. 9/30/99 through 6/30/00 1.50 to 1.00 9/30/01 through 12/31/01 2.00 to 1.00 3/31/02 and each fiscal 2.50 to 1.00 period ending thereafter
View SourceView Similar (2)
Minimum Ratio. Trustor shall maintain a ratio, as of the end of each fiscal year of Trustor, of (x) the sum of Trustor's annual earning before interest, taxes, depreciation and amortization expenses (but excluding any non-cash income) less dividends and distributions paid to shareholders of Trustor, to (y) the amount of current portion of long-term obligations plus the amount of the interest expense for the preceding fiscal year, of 2.00 to 1.00. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be based on Trustor's most recent annual financial statements, and shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
View Source
Minimum Ratio. The minimum operating condition, expressed as a fraction of the rated capacity of the boiler. ▪ Maximum Ratio. The maximum operating condition. A number greater than one can be entered under certain circumstances. ▪ Fuel Meter. This list box is shown when multiple fuel meters exist and a fuel boiler is selected. If you want DOE-2 to calculate the size of your boiler, you must specify only one boiler type and the number for this boiler type must be one. In this event, the Let Program Size checkbox is activated. Any time your central plant has more than one boiler type or any time a single boiler type has multiple pieces of equipment, the Let Program Size checkbox is not activated.
View Source

Related to Minimum Ratio

  • Maximum Rate Notwithstanding anything to the contrary contained elsewhere in this Credit Agreement or in any other Credit Document, the Borrowers, the Agent and the Lenders hereby agree that all agreements among them under this Credit Agreement and the other Credit Documents, whether now existing or hereafter arising and whether written or oral, are expressly limited so that in no contingency or event whatsoever shall the amount paid, or agreed to be paid, to the Agent or any Lender for the use, forbearance, or detention of the money loaned to any Borrower and evidenced hereby or thereby or for the performance or payment of any covenant or obligation contained herein or therein, exceed the Highest Lawful Rate. If due to any circumstance whatsoever, fulfillment of any provisions of this Credit Agreement or any of the other Credit Documents at the time performance of such provision shall be due shall exceed the Highest Lawful Rate, then, automatically, the obligation to be fulfilled shall be modified or reduced to the extent necessary to limit such interest to the Highest Lawful Rate, and if from any such circumstance any Lender should ever receive anything of value deemed interest by applicable law which would exceed the Highest Lawful Rate, such excessive interest shall be applied to the reduction of the principal amount then outstanding hereunder or on account of any other then outstanding Obligations and not to the payment of interest, or if such excessive interest exceeds the principal unpaid balance then outstanding hereunder and such other then outstanding Obligations, such excess shall be refunded to the applicable Borrower. All sums paid or agreed to be paid to the Agent or any Lender for the use, forbearance, or detention of the Obligations and other indebtedness of the Borrowers to the Agent or any Lender shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of such indebtedness until payment in full so that the actual rate of interest on account of all such indebtedness does not exceed the Highest Lawful Rate throughout the entire term of such indebtedness. The terms and provisions of this Section shall control every other provision of this Credit Agreement and all agreements among the Borrowers, the Agent and the Lenders.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Minimum Fixed Charge Coverage Ratio Maintain a Fixed Charge Coverage Ratio of at least 1.25:1.00 measured at the end of each Fiscal Quarter for the four consecutive Fiscal Quarters then ended.

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.