Funding Ratio Sample Clauses

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.
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Funding Ratio. Borrowers shall not permit the Funding Ratio at any time to be less than 1.60 to 1.
Sample 1Sample 2
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 to be greater than the lesser of (i) 5.00 to 1.00 and (ii) any more restrictive ratio set forth in the Note Purchase Agreement.
Sample 1
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."
Sample 1
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.
Sample 1
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.
Sample 1
Funding Ratio. Financial Year: ..................
Sample 1
AutoNDA by SimpleDocs
Funding Ratio. 32 2.3. Use of Proceeds of Loans..............................................33 2.4. Termination Date......................................................33 2.5. Maximum Credit Facility...............................................34 2.6.
Sample 1

Related to Funding Ratio

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • LTV Ratio The gross proceeds of each Mortgage Loan to the related Mortgagor at origination did not exceed the non-contingent principal amount of the Mortgage Loan and either: (a) such Mortgage Loan is secured by an interest in real property having a fair market value (i) at the date the Mortgage Loan was originated, at least equal to 80 percent of the original principal balance of the Mortgage Loan or (ii) at the Closing Date, at least equal to 80 percent of the principal balance of the Mortgage Loan on such date; provided that for purposes hereof, the fair market value of the real property interest must first be reduced by (x) the amount of any lien on the real property interest that is senior to the Mortgage Loan and (y) a proportionate amount of any lien that is in parity with the Mortgage Loan (unless such other lien secures a Mortgage Loan that is cross-collateralized with such Mortgage Loan, in which event the computation described in clauses (a)(i) and (a)(ii) of this paragraph 19 shall be made on a pro rata basis in accordance with the fair market values of the Mortgaged Properties securing such cross-collateralized Mortgage Loans); or (b) substantially all the proceeds of such Mortgage Loan were used to acquire, improve or protect the real property that served as the only security for such Mortgage Loan (other than a recourse feature or other third party credit enhancement within the meaning of Treasury Regulations Section 1.860G-2(a)(1)(ii)).

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Funded Debt Ratio Permit the Funded Debt Ratio, as of the last day of any Fiscal Quarter, to be greater than the ratio set forth below opposite such Fiscal Quarter or the period during which such Fiscal Quarter ends: Period/Fiscal Quarter Maximum Ratio December 31, 2002 3.50:1.00 March 31, 2003 2.60:1.00 June 30, 2003 2.50:1.00 September 30, 2003 2.00:1.00 December 31, 2003 through March 31, 2004 1.75:1.00 April 1, 2004 through December 31, 2004 1.50:1.00

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!