Commencing December. A general increase of cents per hour to be added to the present rate of all employees.
Commencing December. A general increase of cents per hour to be added to the December rate.
Commencing December. 31, 2007, maintain as of the end of each fiscal quarter of Companies, a Funded Debt to EBITDA Ratio of not more than 3.0 to 1.0.
Commencing December. 31, 2007, maintain as of the end of each fiscal quarter of Companies a Tangible Net Worth of not less than the Base Amount.
Commencing December. 31. 2017, so long as any amount under the Term Loan remains outstanding or is owing to Lenders the Borrower shall procure that there be maintained the following ratios regarding the performance of the Borrower, the same to be tested semi-annually on a trailing 12 months basis against the consolidated results of the Borrower:
a) Minimum Current Ratio of 1.1;
b) Minimum Debt Servicing Coverage Ratio of:
(i) from the date of first testing to December 31, 2018 of 1.1; and
(ii) thereafter of 1.2;
Commencing December. 22, 1997 your base annual salary shall be $140,000 ("Base Salary"). Your salary will be reviewed annually by Xxxx'x Board of Directors, commencing December 1998.
Commencing December. 31, of each year the member’s Accrued Time Bank will be reduced to zero (0) hours. The member’s prorated entitlement from the previous year shall be credited to the member’s bank on January 1. Such entitlement shall be estimated by Payroll and circulated with the Annual/Statutory Leave selection in September of each year. This entitlement will be confirmed on January 1 of the following year.
Commencing December. 31, 2006, Aurora and the Borrower, on a consolidated basis, will not, (i) as of the last day of such fiscal quarter, permit their ratio of EBITDAX for such fiscal quarter to Interest Expense for such fiscal quarter to be less than 2.0 to 1.0, (ii) as of the last day of the fiscal quarter ending March 31, 2007, permit their ratio of EBITDAX for the period of two fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0, (iii) as of the last day of the fiscal quarter ending June 30, 2007, permit their ratio of EBITDAX for the period of three fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0 and (iv) as of the last day of any fiscal quarter ending on or after September 30, 2007, permit their ratio of EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0.
Commencing December. A general increase of cents per hour to be added to the December rate of all employees After an employee has worked on the Line for over one (1) year, he shall receive a premium of fifteen cents (0.15) per hour. Is in possession of a current Provincial License. Has required sufficient knowledge and skills to qualify for the Provincial examinations. Lacks qualifications for Class “A” or and is considered In training Is in possession of a current Provincial License. Has required sufficient knowledge and skills to qualify for the Provincial examinations, Lacks qualificationsfor Class “A” or and is considered in In training. Qualifications to be determined from the Industrial Mechanics Trade Manual.
Commencing December. 31, 1997, any Requesting Holders may make a written request to the Company (specifying that it is being made pursuant to this Section 2) that the Company file a registration statement under the 1933 Act (or a similar document pursuant to any other statute then in effect corresponding to the 1933 Xxx) xxvering the registration of Registrable Stock. In such event, the Company shall (x) within ten (10) days thereafter notify in writing all other Holders of Registrable Stock of such request, and (y) use its best efforts to cause to be registered under the 1933 Act all Registrable Stock that the Requesting Holders and such other Holders have, within forty-five (45) days after the Company has given such notice, requested be registered.
