Common use of 04Rounding Clause in Contracts

04Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

Appears in 13 contracts

Samples: Credit Agreement (Lulu's Fashion Lounge Holdings, Inc.), Credit Agreement (TopBuild Corp), Credit Agreement (Container Store Group, Inc.)

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04Rounding. Any financial ratios required to be maintained by the Borrower Borrowers pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

Appears in 4 contracts

Samples: Credit Agreement (Allient Inc), Replacement Credit Agreement (Argan Inc), Credit Agreement (Sportsman's Warehouse Holdings, Inc.)

04Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

Appears in 4 contracts

Samples: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Fuelcell Energy Inc), Credit Agreement (Fuelcell Energy Inc)

04Rounding. Any financial ratios required to be maintained by the Borrower Loan Parties pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

Appears in 2 contracts

Samples: Credit Agreement (Hurco Companies Inc), Credit Agreement (Lumber Liquidators Holdings, Inc.)

04Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).. ​

Appears in 2 contracts

Samples: Credit Agreement (Enfusion, Inc.), Credit Agreement (Agree Realty Corp)

04Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place three places more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

Appears in 1 contract

Samples: Credit Agreement (Aar Corp)

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04Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-rounding up if there is no nearest number).

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Argo Blockchain PLC)

04Rounding. Any financial ratios required to be maintained by the Borrower Borrowers pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).. ​ ​ ​

Appears in 1 contract

Samples: Credit Agreement (Allied Motion Technologies Inc)

04Rounding. Any financial ratios required to be maintained or complied with by the Borrower Credit Parties pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

Appears in 1 contract

Samples: Credit Agreement (Goodness Growth Holdings, Inc.)

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