Financial Calculations. Attached hereto as Appendix II are reasonably detailed calculations necessary to determine the Consolidated Fixed Charge Coverage Ratio as of the last day of the Fiscal Month ended on a trailing twelve month basis (whether or not compliance therewith is then required under Section 7.15 of the Credit Agreement).
Financial Calculations. All financial calculations to be made under, or for the purposes of this Agreement shall be made in accordance with Generally Accepted Accounting Principles and, except as otherwise required to conform to the definitions contained in Article I or any other provisions of this Agreement, shall be made using the then most recently issued quarterly Financial Statements which the Borrower is required to furnish to NIB from time to time under Section 5.13(a); provided, however, that:
(1) if the relevant quarterly Financial Statements should be in respect of the last quarter of a Financial Year then, at NIB’s option, such calculations may instead be made from the audited Financial Statements for the relevant Financial Year; and
(2) if there should occur any material adverse change in the financial condition of the Borrower after the end of the period covered by the relevant Financial Statements, then such material adverse change shall also be taken into account in calculating the relevant figures.
Financial Calculations. All financial calculations to be made under, or for the purposes of, this Agreement shall be made in accordance with Generally Accepted Accounting Principles and, except as otherwise required to conform to the provisions of this Agreement, shall be made using the then most recently issued quarterly Financial Statements which the Borrower is required to furnish to EBRD from time to time under Section 5.14(a); provided, however, that:
(1) if the relevant quarterly Financial Statements should be in respect of the last quarter of a Financial Year then such calculations shall instead be made from the audited Financial Statements for the relevant Financial Year; and
(2) if there should occur any material adverse change in the financial condition of the Borrower after the end of the period covered by the relevant Financial Statements, then such material adverse change shall also be taken into account in calculating the relevant figures.
Financial Calculations. Attached hereto as Appendix II are reasonably detailed calculations demonstrating the Consolidated Fixed Charge Coverage Ratio (whether or not compliance therewith is then required under Section 7.14 of the Credit Agreement).
Financial Calculations. (a) When determining whether any transaction is permitted under this Indenture, the Parent shall be permitted to test it, at its option, (i) on the date binding documentation for such transaction is entered into, (ii) on the date that any notice of any repayment, redemption, repurchase or refinancing of any Indebtedness is given to the holders thereof (if applicable), (iii) to the extent the nature or circumstances of a transaction make (i) or (ii) inapplicable, on the date that notice of such transaction is provided to the Trustee or the Holders in accordance with Section 12.01 or (iv) the date such transaction is consummated. If the Parent elects to test the transaction as described in the preceding clauses (i), (ii) or (iii), the determination as to whether the transaction is permitted under this Indenture shall be made assuming that the transaction and other transactions to be entered into in connection therewith were consummated on the date binding documentation was entered into or such notice was given to the Trustee or the Holders (each, an “Alternative Testing Date”), as applicable. If the transaction was permitted on the Alternative Testing Date chosen by the Parent, it shall continue to be deemed so permitted under this Indenture even if it would have otherwise resulted in a Default or an Event of Default on the date it is consummated. When determining whether any transaction is permitted under this Indenture as of the Alternative Testing Date, the Parent will make all necessary calculations as set forth under the definition of “Consolidated Net Leverage Ratio.”
(b) If the Parent has elected to test a transaction on an Alternative Testing Date (an “Alternative Testing Date Election”), the transaction shall be deemed to have occurred on such date for the purposes of making any other determination under this Indenture, until such time (the “Election Termination Time”) as (i) the transaction is definitively terminated, cancelled or abandoned, (ii) the Parent has revoked its Alternative Testing Date Election and has instead opted to test the transaction on the date it is consummated, which the Parent will be entitled to do, irrevocably and only once, at any time until the transaction is consummated, or (iii) the transaction is consummated. From the time the Parent makes an Alternative Testing Date Election to the related Election Termination Time, the provisions of this Indenture will apply assuming that the relevant transaction was consummated on th...
Financial Calculations. Attached hereto as Appendix II are reasonably detailed calculations with respect to [(a)] Total Debt to Consolidated EBITDA[ and (b) the amount of Capital Expenditures incurred]1.] 2
Financial Calculations. (a) All financial calculations to be made under, or for the purposes of, this Agreement and any other Transaction Document shall be made in accordance with the Accounting Standards and, except as otherwise required to conform to any provision of this Agreement, shall be calculated from the then most recently issued quarterly financial statements and on a rolling last twelve month basis (where applicable) which the Borrower is obligated to furnish to IFC under Section 5.03 (a) (Reporting Requirements) or, as the case may be, the Guarantor is required to provide to IFC under Section 6.03 (a) (Reporting Covenants) of the Guarantee Agreement.
(b) Where quarterly financial statements from the last quarter of a Financial Year are used for the purpose of making certain financial calculations, at IFC's option, those calculations may instead be made from the audited financial statements for such Financial Year.
(c) If a financial calculation is to be made under or for the purposes of this Agreement or any other Transaction Document on a Consolidated Basis, that calculation shall be made by reference to the sum of all amounts of similar nature reported in the relevant financial statements of each of the entities whose accounts are to be consolidated with the accounts of the Borrower or the Guarantor, as the case may be, plus or minus the consolidation adjustments customarily applied to avoid double counting of transactions among any of those entities, including the Borrower and the Guarantor, as the case may be.
Financial Calculations. Attached hereto as Appendix II are reasonably detailed calculations of the following, each as of the Fiscal [Month/Year] ending [_____]1:
a. Adjusted EBITDA;
b. Consolidated Fixed Charge Coverage Ratio;
c. Consolidated Total Net Leverage;
d. Churn; and
Financial Calculations. OLG shall calculate the Net Gaming Win on a calendar quarter basis.
Financial Calculations. (a) Attached hereto as Appendix IIA are reasonably detailed calculations necessary to determine the Positive Net Income for the period ending _____________.
(b) Attached hereto as Appendix IIB are reasonably detailed calculations necessary to determine the Loan to Value Ratio for the period ending __________.
