Ratio Calculation Date definition

Ratio Calculation Date has the meaning assigned to such term in Section 1.08(b).

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Ratio Calculation Date as defined in Section 1.3(a).

Ratio Calculation Date means each June 15 and December 15 occurring after the Effective Date or, if such date is not a Business Day, the next Business Day following such June 15 or December 15.

Examples of Ratio Calculation Date in a sentence

Notwithstanding the foregoing, following the occurrence of a TIFIA Reserve Event, in the event that, on any Ratio Calculation Date, the Debt Service Coverage Ratio for the preceding Calculation Period falls below 1.25 to 1.00, the amount of the TIFIA Reserve Account Requirement not yet funded, if any, shall be funded by no later than the next Semi-Annual Payment Date following such occurrence.
If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Fixed Charge Coverage Ratio Calculation Date had been the applicable rate for the entire reference period (taking into account any Hedging Obligations applicable to such Indebtedness).
If, on the Ratio Calculation Date, the Earned Market Share Unit Percentage is less than 100%, then, subject to Sections 3 and 4, the number of Market Share Units equal to the Target Market Share Units multiplied by the number of percentage points by which the Earned Market Share Unit Percentage is less than 100% shall be forfeited.
If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Consolidated Total Leverage Ratio Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness).
The Grantee’s right to receive all, any portion of, or more than, the Target Market Share Units will be contingent upon the achievement of specified levels of performance of the Market Value per Share of the Common Shares measured (as described below) as of the Ratio Calculation Date.

More Definitions of Ratio Calculation Date

Ratio Calculation Date means each date which is identical to the end of each quarter of each Financial Year."

Ratio Calculation Date shall have the meaning set forth in Section 1.08(a)(i).

Ratio Calculation Date means each date in respect of which the financial covenants according to Clause 19 (Financial Covenants) are calculated and which is identical to the end of each quarter of each Financial Year.

Ratio Calculation Date means the date on which a ratio is calculated in accordance with Clause 20.3 (Ratio Calculation Dates).

Ratio Calculation Date. 15 February and 15 August of each year while the Financial Documents are in force, the first of which shall be 15 February 2004.

Ratio Calculation Date see Section 1.4(a).

Ratio Calculation Date has the meaning assigned to it in Section 1.4(b).

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