Receivables Ratio Sample Clauses

Receivables Ratio. While any Indebtedness pursuant to the Receivables Financing ("Receivables Financing Indebtedness") shall be outstanding, the amount of Receivables Financing Indebtedness for each Obligor shall at all times be equal to, or less than, 44.44% (the "Receivables Ratio") of the amount of the Eligible Accounts for such Obligor. To the extent that the ratio of Receivables Financing Indebtedness to Eligible Accounts (expressed as a percentage) ("Debt Ratio") becomes greater than 44.44% with respect to an Obligor, then such Obligor shall within 3 business days, either: (i) prepay Receivables Financing Indebtedness in an amount sufficient to lower the Debt Ratio to 44.44% or less or (ii) provide additional Eligible Accounts, such that the Debt Ratio is restored to 44.44% or less.
Sample 1
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Related to Receivables Ratio

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Debt Service Ratio In the event that the amount of Borrower's unrestricted cash maintained at Bank is less than $1,200,000.00, a ratio of (i) net income plus interest, depreciation, amortization, unfunded capital expenditures, and 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."

  • Consolidated Secured Leverage Ratio The Borrower shall cause the Consolidated Secured Leverage Ratio, as of the end of any fiscal quarter, to be equal to or less than 30%.

  • Consolidated Senior Secured Leverage Ratio Permit the Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

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

  • Consolidated Fixed Charge Ratio Permit at any time the Consolidated Fixed Charge Ratio to be less than 1.25 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • 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.

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