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.
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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. LETTER OF UNDERSTANDING #9 RE: SUPERVISION Employees are not required to provide general supervision of students (Co-op students excluded – reference Maintenance Footnotes, Item 6), except as may be required in emergency situations. LETTER OF UNDERSTANDING #10
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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 LETTER OF UNDERSTANDING RE: SUPERVISION 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. LETTER O F UNDERSTANDING RE: ENHANCEMENTS ARISING FROM OTHER SUPPORT WORKERS AGREEMENTS 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. LETTER OF UNDERSTANDING
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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. 17 Section 4.15 Change in Location of Principal Office, Records or Name.... 18
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Related to Maintenance Ratio

  • Debt Service Ratio In the event that the amount of Borrower's unrestricted cash maintained at Bank is less than $1,300,000.00, a ratio of (i) net income plus interest, depreciation, and amortization, minus unfunded capital expenditures, and minus cash taxes paid, calculated based on the three (3) month period ending as of the date tested, to (ii) principal and interest expense with respect to the Obligations, calculated based on the three (3) month period ending as of the date tested, of greater than 1.25 to 1.0." and inserting in lieu thereof the following:

  • Maintenance of Effective Leverage Ratio For so long as the Fund fails to provide the information required under Sections 6.1(o) and 6.1(p), Xxxxx Fargo shall calculate, for purposes of Section 2.5(b)(ii)(A)(y) of the Statement, the Effective Leverage Ratio using the most recently received information required to be delivered pursuant to Sections 6.1(o) and 6.1(p) and the market values of securities determined by the third-party pricing service which provided the market values to the Fund on the most recent date that information was properly provided by the Fund pursuant to the requirements of Section 6.1(o) and 6.1(p). The Effective Leverage Ratio as calculated by Xxxxx Fargo in such instances shall be binding on the Fund. If required, the Fund shall restore the Effective Leverage Ratio as provided in the Statement. For purposes of calculating the Effective Leverage Ratio, any Overconcentration Amount shall be subtracted from the sum determined pursuant to sub-section (ii) of the definition of Effective Leverage Ratio, set out in Section 2.4(d) of the Statement. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities shall reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.

  • 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 As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • 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.

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • 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 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

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