Maintenance Ratio Sample Clauses

Maintenance Ratio. (a) The Company shall, (i) within 60 days ----------------- after delivery (or deemed delivery pursuant to Section 4.14 (b) below) of a monthly inventory report pursuant to Section 4.13 which indicates that the aggregate value of Pledged Spare Parts is less than 60% of the value of the Pledged Spare Parts shown on the inventory report delivered on the Issue Date, deliver to the Collateral Agent an Officers' Certificate showing a calculation of the Maintenance Ratio as of the date of such Officers' Certificate (a "Maintenance Ratio Officers' Certificate") which Maintenance Ratio Officers' Certificate shall be based on, and have attached thereto, a Company Appraiser's Certificate (which, for purposes of this Section 4.14, need not be based on an actual physical inspection of the Collateral so long as it is based on a full appraisal which included such physical inspection performed by the same Independent Appraiser furnishing such Company Appraiser's Certificate and such physical inspection was conducted no earlier than 20 months prior to the date of such Company Appraiser's Certificate) stating (A) the Fair Market Value, by type and category and in reasonable detail, of all assets or groups of assets required for the computation of the Maintenance Ratio, and (B) the Maintenance Ratio (a "Maintenance Appraisal Certificate"), in each case as of the last day of the month to which such monthly inventory report relates and (ii) if the Maintenance Ratio shown in such Maintenance Appraisal Certificate is less than 1.2 to 1, within 30 days after the date on which such Maintenance Ratio Officers' Certificate is delivered, (A) commence an Offer to Purchase a principal amount of the Notes and furnish to the Trustee the Acquired Securities (for cancellation) immediately upon such purchase, (B) furnish additional Operative Collateral, (C) furnish Additional Acquired Slots or (D) furnish Cash Collateral (or any combination of the foregoing), that would (on the basis of such certificate) be required to be delivered or pledged hereunder for the Maintenance Ratio to be at or above 1.2 to 1.0. Any such Offer to Purchase shall be made at a purchase price equal to 101% of the principal amount of Securities subject thereto, plus accrued and unpaid interest and Special Interest, if any, with respect thereto. (b) If the Company fails to deliver a monthly inventory report within twenty days after the end of a month as required by Section 4.13(a), then, until such time as it actuall...
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Maintenance Ratio. 17 Section 4.15 Change in Location of Principal Office, Records or Name.... 18
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Maintenance Ratio. The parties agreed that the maintenance full time equivalent staffing ratio will be maintained at the current maintenance staffing number existing as of May until September Maintenance Ratio: Based on the current existing as of May The parties agree that if additional provincial funding is provided to fund salaries for support staff for the period ending August then the salary increase for October will be adjusted to reflect Ministry of Education funding for support staff. All employees employed by the Board on October I, who have since terminated their employment with the Board are eligible to receive retroactive payment for all paid hours after October The Board shall send to such individuals, at their last known address, notification of their eligibility to receive retroactive pay within sixty (60) days of ratification of this Agreement. Such individuals shall reply, in writing, to the Board within thirty (30) days of receipt of the notification stating their wish to receive retroactive pay and the Board shall issue retroactive pay cheques upon receipt of such reply.
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Maintenance Ratio. 17 Section 4.15 Change in Location of Principal Office, Records or Name........................................... 18 ARTICLE 5 - Insurance
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Maintenance Ratio. The parties agreed that the maintenance full time equivalent staffing ratio will be maintained at the current maintenance staffing number existing as of May until September Maintenance Ratio: Based on the current existing as of May Employees are not required to provide general supervision of students (Co-op students excluded reference Maintenance Footnotes, Item except as may be required in emergency situations. The Government has made a commitment that School Boards and Local Unions would not receive amounts proportionally less than the overall financial settlements reached in any other Agreements that relate to education support works, subject to the School Board and Local Unions fully complying with the conditions associated with their governing Agreement. If circumstances described above occur, the Board and the Local Union will reopen the collective agreement, but for the sole purpose of giving effect to the enhancements referred herein, subject to the conditions attached thereto, as the case may be. No other proposals or demands will be submitted or considered by either party in the context of this exercise.
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Maintenance Ratio. The parties agreed that the maintenance full time equivalent staffing ratio will be maintained at the current FTE maintenance staffing number existing as of May 8, 2007 until September 30, 2009. Maintenance Ratio: 75 FTE Based on the current FTE existing as of May 8, 2007.
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Related to Maintenance Ratio

  • Maintenance, Etc The Company will maintain, preserve and keep, and will cause each Consolidated Subsidiary to maintain, preserve and keep, its properties which are used in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order, ordinary wear and tear excepted, and from time to time will make all necessary repairs, replacements and renewals as the Company may determine to be appropriate to the conduct of its business.

  • Maintenance Period During the Maintenance Period the Developer shall at its own expense maintain repair and otherwise keep the Works in good working order and repair to the reasonable satisfaction of xxx Xxxxxxxxxx unless xxx Xxxxxxxxxx shall declare that any required maintenance and/or repair is an emergency in which case the Developer shall carry out the said maintenance and/or repair immediately

  • Maintenance of Total Unencumbered Assets The Company and its Subsidiaries will maintain Total Unencumbered Assets of not less than 200% of the aggregate outstanding principal amount of the Unsecured Debt of the Company and its Subsidiaries on a consolidated basis.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • INTERIM MAINTENANCE PERIOD During the interim maintenance period between obtaining of the completion certificate of such Project and formation and operationalization of the Association the Promoter shall through itself or through a facility management company to run, operate, manage and maintain the Common Areas. The Promoter shall endeavour that the committee responsible for the maintenance and operation of the Common Areas will be required to provide manpower for maintaining the Common Areas, wherever required, and to collect maintenance charges and also guest charges and the user charges for the utilities being provided on “pay by use” basis, if any. The maintenance and management of Common Areas by the committee will primarily include but not limited to maintenance of water works, common electrical installations, DG Sets, landscaping, driveways, parking areas, lobbies, lifts and staircases, AMC’s etc. It will also include safety and security of the Project such as fire detection and protection and management of general security control of the Project. The Rules/ Bye Laws to regulate the use and maintenance of the Common Areas shall during the interim maintenance period shall be framed by the Promoter with such restrictions as may be necessary for proper maintenance and all the Allottees are bound to follow the same. After the Common Areas of the Project are handed over to the Association, the Association may adopt the Rules and the Bye laws framed by the Promoter, with or without amendments, as may be deemed necessary by the Association.

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Coverage Ratio The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

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

  • Maintenance of Rating Since the execution of this Agreement, there shall not have been any decrease in or withdrawal of the rating of any securities of the Company or any of its subsidiaries (including the Bank) by any “nationally recognized statistical rating organization” (as defined for purposes of Section 3(a)(62) of the 0000 Xxx) or any notice given of any intended or potential decrease in or withdrawal of any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.

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