Financial Ratios Sample Clauses
The Financial Ratios clause sets specific numerical benchmarks that a party, typically a borrower, must maintain regarding its financial health. These ratios might include measures such as debt-to-equity, interest coverage, or current ratio, and are usually calculated based on the party’s financial statements at regular intervals. By requiring adherence to these ratios, the clause helps lenders monitor the ongoing financial stability of the borrower and provides an early warning system for potential financial distress, thereby managing credit risk.
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Financial Ratios. Any financial ratios required to be maintained by any Loan Party 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).
Financial Ratios. The Borrower will maintain or cause to be maintained, the following financial ratios and covenants:
(a) for each Quarterly Period, (i) beginning with the Quarterly Period ending December 31, 1999, a ratio of Borrower's Cash Flow to the sum of Borrower's Debt Service minus $17,857, of not less than 1.05:1.00, and (ii) beginning with the first Quarterly Period ending after the Compliance Quarter, a ratio of Borrower's Cash Flow to the sum of Borrower's Debt Service of not less than 1.
10:1. 00;
(b) At all times, Borrower's cash on hand shall be greater than Borrower's Required Cash Availability. Promptly following a request from Bank, Borrower shall provide evidence reasonably satisfactory to Bank to document compliance with this covenant;
(c) At all times, the sum of Borrower's Shareholder's Equity plus the outstanding principal balance of all Indebtedness for money borrowed from Guarantor by Borrower shall be greater than $400,000;
(d) At all times, the Shareholders' Equity of Symbion, calculated on a consolidated basis, shall be greater than $25,000,000 plus eighty-five percent (85%) of (i) the aggregate amount of any new equity raised by Symbion after June 25, 1999 and (ii) the aggregate, cumulative, positive Net Income of Symbion (without any credit or deduction in the event Net Income is a negative number) after June 25, 1999;
(e) At the end of each Quarterly Period, beginning with the Quarterly Period ending September 30, 1999 and continuing through and including the Quarterly Period ending September 30, 2000, the ratio of (i) the sum of (A) Symbion's Consolidated Funded Debt less (B) Symbion's Excess Cash to (ii) the sum of (X) EBITDA for such Quarterly Period, plus (Y) the lesser of (1) $125,000 or (2) the De Novo Losses at such date, giving Pro-Forma Effect to any Acquisition made and any Indebtedness incurred therewith as of the date of determination, shall be less than 3.75:1.00; and
(f) At the end of each Quarterly Period beginning with the Quarterly Period ending December 31, 2000 and continuing through each Quarterly Period ending thereafter, the ratio of (i) the sum of (A) Symbion's Consolidated Funded Debt less (B) Symbion's Excess Cash to (ii) Symbion's consolidated EBITDA for such Quarterly Period, giving Pro-Forma Effect to any Acquisition made and any Indebtedness incurred therewith as of the date of determination, shall be less than 3.50:1.00; provided, however, if the result of such ratio is greater than or equal to 3.50:1.00 and less ...
Financial Ratios. (a) The Borrower shall at all times maintain, on a consolidated basis, a Total Debt to Capitalization Ratio of not more than 0.65 to 1.00.
(b) The Borrower shall maintain, for each period of four consecutive fiscal quarters, a Debt Service Coverage Ratio of at least 1.40 to 1.00.
Financial Ratios. (a) The Company shall at all times maintain, on a consolidated basis, a Total Debt to Capitalization Ratio of not more than 0.65 to 1.00.
(b) The Company shall maintain, for each period of four consecutive fiscal quarters, a Debt Service Coverage Ratio of at least 1.40 to 1.00; provided that for purposes of this Section 9.9(b), the Debt Service Coverage Ratio shall be deemed to be 1.40 to 1.00 for the three calendar quarters ending December 31, 2009, March 31, 2010 and June 30, 2010.
Financial Ratios. So long as any of the Debentures has not been redeemed or converted hereunder, and until such redemption or conversion has been made in full, or unless the Lender shall otherwise consent in writing, Borrower, on a consolidated basis, shall be in compliance with the agreed minimum financial ratios and standards provided in Schedule 7.01, as of the end of each fiscal quarter of Borrower and as set forth in its most recent quarterly compliance certificates delivered pursuant to Section 5.01.
Financial Ratios. Commencing with the Fiscal Quarter ending June 30, 2013 and continuing thereafter:
Financial Ratios. UPC Distribution will procure that:
(a) the ratio of Senior Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 7.75:1 31st December, 2003 6.75:1 31st March, 2004 6.75:1 30th June, 2004 6.25:1 30th September, 2004 6.10:1 31st December, 2004 5.85:1 31st March, 2005 5.70:1 30th June, 2005 5.40:1 30th September, 2005 5.20:1 31st December, 2005 4.85:1 31st March, 2006 4.70:1 30th June, 2006 4.50:1 30th September, 2006 4.35:1 31st December, 2006 4.15:1 31st March, 2007 4.00:1 30th June, 2007 3.75:1 30th September, 2007 3.50:1 31st December, 2007 3.25:1 Thereafter 3.00:1
(b) the ratio of EBITDA to Total Cash Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 1.90:1 30th June, 2004 1.45:1 30th September, 2004 1.45:1 31st December, 2004 1.50:1 31st March, 2005 1.75:1 30th June, 2005 1.80:1 30th September, 2005 1.80:1 31st December, 2005 1.90:1 31st March, 2006 2.00:1 Thereafter 2.00:1
(c) the ratio of EBITDA to Senior Debt Service for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date or period: 31st December, 2003 1.00:1 31st March, 2004 1.00:1 30th June, 2004 0.90:1 30th September, 2004 0.90:1 31st December, 2004 1.50:1 31st March, 2005 1.60:1 30th June, 2005 1.40:1 30th September, 2005 1.40:1 31st December, 2005 1.40:1 31st March, 2006 1.50:1 30th June, 2006 1.35:1 30th September, 2006 1.40:1 31st December, 2006 1.40:1 31st March, 2007 1.40:1 Thereafter 1.50:1
(d) the ratio of EBITDA to Senior Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 2.10:1 30th June, 2004 2.10:1 30th September, 2004 2.00:1 31st December, 2004 2.00:1 31st March, 2005 2.25:1 30th June, 2005 2.25:1 30th September, 2005 2.25:1 31st December, 2005 2.25:1 31st March, 2006 2.35:1 30th June, 2006 2.35:1 Thereafter 2.40:1 ; and
(e) the ratio of Total Debt to Annualised EBITDA for each Ratio Period which ends on a date o...
Financial Ratios. The Company will not:
Financial Ratios ensure that:
(a) Free Available Cash at all times the Free Available Cash shall not be less than the Minimum Free Available Cash at the relevant time. The Lessor agrees that for the purpose of satisfying this covenant the requirement to evidence Minimum Free Available Cash for amounts or Free Available Cash in excess of fifteen million Dollars ($15,000,000) may be satisfied by the Lessee providing evidence to the Lessor that the Lessee Parent has made available to the Lessee an unconditional on demand loan in an amount equal to such excess amounts and which loan is capable of being drawn down on an unqualified and unrestricted basis by the Lessee at any time;
(b) Working Capital as at the end of each quarterly period during and at the end of each financial year of the Lessee, the ratio of Current Assets to Current Liabilities (excluding the current portion of long-term debt) shall not be less than one point five (1.5) to (1); and
(c) Leverage as at 31 March 2003 and as at the end of each subsequent quarterly period during and at the end of each financial year of the Lessee, the ratio of Net Debt as at the end of such period to Annualised EBITDA calculated by reference to such quarter shall not exceed:
(i) six point five (6.5) to one (1) for quarterly periods ending during or at the end of 2003;
(ii) six (6) to one (1) for quarterly periods ending during and at the end of 2004; and
(iii) five (5) to one (1) for all subsequent quarterly periods;
Financial Ratios. The Base Case Model delivered in accordance with Section 4.1(t) shall project a minimum Projected DSCR on a rolling twelve-month basis beginning on August 30, 2013 and ending on August 31, 2023 of not less than 1.40:1.00.