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 23 contracts

Sources: Credit Agreement (Quinstreet, Inc), Credit Agreement (Flywire Corp), Credit Agreement (Integral Ad Science Holding Corp.)

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

Sources: Credit Agreement (Ping Identity Holding Corp.)