Remaining Months definition

Remaining Months means the number of whole and partial months, expressed as a mixed number (whole number and fraction), remaining between the Services Termination Date and the last day of the Initial Term or Renewal Term, as applicable.
View Source
Remaining Months means Total Months less Elapsed Calendar Months;
View Source
Remaining Months has the meaning accorded such term in Section 4.01(b).
View Source

Examples of Remaining Months in a sentence

  • Borrower shall maintain, at all times, Remaining Months Cash of greater than 2.0 to 1.0; provided, however, if Borrower secures a written and executed agreement from investors acceptable to Bank (and, for clarity, existing investors shall be deemed to be acceptable) to fund at Borrower’s demand at least $10,000,000 in new equity or subordinated debt, then Borrower shall maintain, at all times, Remaining Months Cash of greater than 0.50 to 1.0 for so long as such an agreement is in effect.

  • Beginning on August 1, 2014 and continuing at all times thereafter, Borrower shall maintain Remaining Months Cash of at least 3.0. For the avoidance of doubt, Remaining Months Cash shall be tested on a daily basis, using the Cash Burn level for the most recent trailing-three-month period for which reporting is available.

  • Remaining Months Liquidity 3.00 to 1.00 _____:1.00 Yes No Performance to Plan (minimum revenue) At least 65% of the sales projections and operating plan __% Yes No Inventory Turn Ratio 3.00 to 1.00 _____:1.00 Yes No Comments Regarding Exceptions: See Attached.

  • Borrower will maintain, as of the last day of each month, at least six (6) Remaining Months Liquidity.

  • Borrower shall maintain Remaining Months Cash of at least 3.0. For the avoidance of doubt, Remaining Months Cash shall be tested on a daily basis, using the Cash Burn level for the most recent trailing- three-month period for which reporting is available.

  • Borrower will maintain, as of the last day of each month, at least three (3) months Remaining Months Liquidity.

  • In no event shall the Company have any obligation to provide Fringe Benefits after the expiration of the lesser of 24 months or the number of Remaining Months.

  • During the period after Bank has received the signed term sheet but before Borrower receives the required net Cash proceeds, Borrower shall be required to maintain Remaining Months Cash of at least 2.0 instead of the level required by Section 6.7(a) above.

  • Commencing with the monthly period ending February 28, 2018 and as of the last day of each monthly period ending thereafter, through and including January 31, 2019, in each case measured on an average trailing three month basis, achieve Remaining Months Liquidity of at least six (6) months.

  • Remaining Months Liquidity ("RML") is cash on hand (and cash equivalents) maintained at Bank, divided by EBITDA.


More Definitions of Remaining Months

Remaining Months means: (a) 84 months, if this Agreement is terminated on or before the 15th anniversary of the Opening Date or (b) 36 months, if this Agreement is terminated after the 15th anniversary of the Opening Date. Notwithstanding the immediately preceding sentence, the Remaining Months shall in no event exceed the number of months remaining in the Term, and the liquidated damages due under this Section 10(d)(2) shall not be less than $5,550,000.00 if the Agreement is terminated within the first 3 years following the Opening Date.
View Source

Related to Remaining Months

  • Billing Month is defined in Section 9.1(b).

  • Showing Month shall be each day of each calendar month of the Delivery Period that is the subject of the Compliance Showing, as set forth in the CPUC Decisions and outlined in the CAISO Tariff. For illustrative purposes only, pursuant to the CAISO Tariff and CPUC Decisions in effect as of the Execution Date, the monthly Compliance Showing made in June is for the Showing Month of August.

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • months shall be construed in accordance with Clause 1.3;

  • Remaining Life means, with respect to any Notes to be redeemed, the remaining term of such Notes, calculated as if the maturity date of such Notes were the Par Call Date.