Minimum Ratio Sample Clauses

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
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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. Sizes Folder. The sizes folder is used to specify the number of boilers of this type. Up to four boilers can be specified. Each boiler specified can have a different size. All boilers of a particular type, however, must have the same specification (see the General folder). The first step is to indicate the number of boilers by making a choice from the drop-down list box. When you make a choice, text boxes appear for each boiler. Enter a value to indicate the size of each boiler. If you are working in IP units enter the size in millions Btu/h. If you are working in SI units, enter the size in kW. In both cases, positive values should be entered. 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. Curve Folder. The curve folder is for display purposes only unless the boiler form is opened through the Equipment Editor. Only one performance curve is used with boilers. For fuel boilers the curve gives the heating input ratio (HIR) as a function of the part-load ratio (PLR). The thermal efficiency entered on the general folder is for 100% loading conditions. This value is modified through this curve for other loading conditions.
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 1.50 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.
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. Please sign and return the acknowledgement copy to this letter to me to confirm your acceptance of the above modifications on behalf of Fresh Choice, Inc. In addition, your acknowledgement will confirm to Mid-Peninsula Bank that, except as expressly changed by this agreement, the terms of the original obligations of Fresh Choice, Inc. to Mid-Peninsula Bank, including all agreements evidencing or securing the obligations, remain unchanged and in full force and effect. Sincerely, /s/ Xxx Xxxxxxxx Xxx Xxxxxxxx Senior Vice President Acknowledged and Accepted by: Fresh Choice, Inc. By: /s/ Xxxxx X. Xxxxx Xxxxx X. Xxxxx, Senior Vice President & Chief Financial Officer
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.

Related to Minimum Ratio

  • 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 annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Minimum Fixed Charge Coverage Ratio The Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.05 to 1.00, measured as of the last day of each Fiscal Quarter for the prior four fiscal quarters subject to adjustments to such measurement period as set forth in the definition of Fixed Charge Coverage Ratio.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the last day of any fiscal quarter, commencing with the fiscal quarter ending December 31, 2014, to exceed the ratio set forth below with respect to such fiscal quarter: Fiscal Quarter Maximum Total Leverage Ratio Fiscal quarter ending September 30, 2016 4.50 to 1.00 Fiscal quarter ending December 31, 2016 4.50 to 1.00 Fiscal quarter ending March 31, 2017 3.25 to 1.00 Fiscal quarters ending June 30, 2017 and thereafter 3.00 to 1.00

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

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