Default Horizon Ratio Sample Clauses

Default Horizon Ratio. As of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing (i) the aggregate sales generated by the Originators during the three Calculation Periods ending on such Cut-Off Date, by (ii) the Net Pool Balance as of such Cut-off Date.
Sample 1
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Default Horizon Ratio. As of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing (a) the sum of (i) the aggregate Receivables (other than Excluded Receivables) generated by the Originators during the four (4) Calculation Periods ending on such Cut-Off Date, plus (ii) the lesser of (A) 100% or (B) the Weighted Average Credit Percentage multiplied by the aggregate Receivables (other than Excluded Receivables) generated by the Originators during the Calculation Period ending four (4) months prior to such Cut-Off Date, plus, only if the Weighted Average Credit Percentage is greater than 100%, (iii) the product of (A) the Weighted Average Credit Percentage minus 100% multiplied by (B) the aggregate Receivables (other than Excluded Receivables) generated by the Originators during the Calculation Period ending five (5) months prior to such Cut-Off Date, by (b) the Net Pool Balance as of such Cut-Off Date.
Sample 1Sample 2
Default Horizon Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) of (i) the aggregate sales of the Originators during the immediately preceding six Collection Periods ending on such Cut-Off Date divided by (ii) the Net Pool Balance on such Cut-Off Date.
Sample 1
Default Horizon Ratio. As of any Cut-Off Date, (a) the ratio (expressed as a decimal) computed by dividing (i) the aggregate sales generated by the Originator during the four (4) Calculation Periods ending on such Cut-Off Date plus, if the Weighted Average Payment Variable exceeds fifty (50) days, half of the sales generated by the Originator four (4) calculation periods prior, by (ii) the Net Pool Balance as of such Cut-off Date or (b) such other formula as the Agent may from time to time provide to the Borrower and the Servicer in writing based upon results of any Review, any additional report and/or any further analysis conducted at any time by or on behalf of the Agent or the Lender Group Agents in its sole discretion; provided, however with respect to any Calculation Period beginning with the August 2005 Calculation Period through the October 2006 Calculation Period, each such calculation shall exclude all sales generated by any Obligor of which is a Designated Obligor.
Sample 1
Default Horizon Ratio. As of any Cut-Off Date, (a) the ratio (expressed as a decimal) computed by dividing (i) the aggregate sales generated by the Originator during the three Calculation Periods ending on such Cut-Off Date, by (ii) the Net Pool Balance as of such Cut-off Date or (b) such other formula as the Agent may from time to time provide to the Borrower and the Servicer in writing based upon results of any Review, any additional report and/or any further analysis conducted at any time by or on behalf of the Agent or the Lender Group Agents in their sole discretion.
Sample 1

Related to Default Horizon Ratio

  • 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.

  • Consolidated Senior Secured Leverage Ratio Permit the Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Maximum Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than the following:

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Senior Secured Leverage Ratio Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2006 4.50 to 1.00 June 30, 2006 4.50 to 1.00 September 30, 2006 4.50 to 1.00 December 31, 2006 4.50 to 1.00 March 31, 2007 4.50 to 1.00 June 30, 2007 4.50 to 1.00 September 30, 2007 4.50 to 1.00 December 31, 2007 4.00 to 1.00 March 31, 2008 4.00 to 1.00 June 30, 2008 4.00 to 1.00 September 30, 2008 4.00 to 1.00 December 31, 2008 3.75 to 1.00 March 31, 2009 3.75 to 1.00 June 30, 2009 3.75 to 1.00 September 30, 2009 3.75 to 1.00 December 31, 2009 3.50 to 1.00

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • 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.

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