Funding Ratio. Up to the maximum limiting amount (MLA) shown below, the State agrees to pay 80% of the total Project costs eligible for federal participation, including, but not limited to, administration, engineering, right-of-way, utility, railroad relocation and construction costs, except for State’s review costs, which will be borne 100% by the State. The State shall not be responsible for expenses incurred by the Subrecipient except as specified in this Agreement.
Funding Ratio. A violation of Section 6.07 of the Bank Credit Agreement shall constitute a Default under this Agreement, regardless of whether the Banks shall have waived any default resulting from any such violation under the Bank Credit Agreement."
Funding Ratio. Borrowers shall not permit the Funding Ratio at any time to be less than 1.60 to 1.
Funding Ratio. In the case of the Borrower, permit the ratio of (a) the sum of Total Liabilities and the Receivables Financing Amount to (b) Consolidated Net Worth plus the minority equity interest in Metris to be greater than 6.0 to 1.0.
Funding Ratio. 32 2.3. Use of Proceeds of Loans..............................................33 2.4. Termination Date......................................................33 2.5. Maximum Credit Facility...............................................34 2.6.
Funding Ratio is a numerical coefficient, specified by the Financial Agent, which is expressed as a percentage and multiplied by the Monetary Claim amount for determination of the First Payment amount. Funding Ratio is separately determined by each Debtor.
Funding Ratio. Up to the maximum limiting amount (MLA) shown below, the State agrees to pay 100% of Subrecipient’s costs to retain and employ the LPL from the date of the MGA to the Final Acceptance and Completion of the Project. The State shall not be responsible for any other expenses incurred by the Subrecipient, except as otherwise provided in the Finance and Maintenance Agreement or as otherwise agreed upon in writing between the parties.
Funding Ratio. Financial Year: ..................
