Common use of Financial Ratios Clause in Contracts

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).

Appears in 19 contracts

Samples: Credit Agreement (Integral Ad Science Holding Corp.), Credit Agreement (Etsy Inc), Credit Agreement (Align Technology Inc)

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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).. ​

Appears in 1 contract

Samples: Credit Agreement (Ping Identity Holding Corp.)

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