Receivables Turnover Ratio Sample Clauses

Receivables Turnover Ratio. On an annualized basis as of each designated month-end, the Borrower will maintain a Receivables Turnover Ratio (defined as net sales over average monthly accounts receivable) equal to or greater than the following: Receivables Turnover Ratio (KPR) --------------------------------- June 30, 1997 4.0 July 31, 1997 5.5 August 31, 1997 5.0 September 30, 1997 4.0 October 31, 1997 3.7 November 30, 1997 2.3 For purposes of calculating the Receivables Turnover Ratio, the average monthly accounts receivable will be calculated as one half of the sum of accounts receivable value as of the first day of the applicable month plus the accounts receivable value as of the last day of the applicable month.
Sample 1
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Receivables Turnover Ratio. On an annualized basis as of each designated month-end, the Borrower will maintain a Receivables Turnover Ratio (defined as net sales over average monthly accounts receivable) equal to or greater than the following: Receivables Turnover Ratio ------------------------- June 30, 1997 7.7 July 31, 1997 4.7 August 31, 1997 3.0 September 30, 1997 4.9 October 31, 1997 2.2 November 30, 1997 1.3 For purposes of calculating the Receivables Turnover Ratio, the average monthly accounts receivable will be calculated as one half of the sum of accounts RYKA INC. June 4, 1997 Page 3 receivable value as of the first day of the applicable month plus the accounts receivable value as of the last day of the applicable month. 6. Two new sections 8.01(11) and 8.01(12) are hereby added to the Credit Agreement as follows:
Sample 1

Related to Receivables Turnover Ratio

  • Previously Reviewed Receivables; Duplicative Tests If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Receivable, but will include the previously reported Test results in the Review Report for the current Review. If the same Test is required for more than one Eligible Representation, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, but will report the results of the Test for each applicable Eligible Representation on the Review Report.

  • Securitization Value As of the 2017-3 Cutoff Date, each 2017-3 Lease Agreement had a Securitization Value not less than $5,000.000 and no more than $150,000.00. Documents Lease Documents

  • Net Receivables Balance Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

  • Previously Reviewed Receivable; Duplicative Tests If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Receivable, but will include the previously reported Test results in the Review Report for the current Review. If the same Test is required for more than one representation and warranty, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, but will report the results of the Test for each applicable representation and warranty on the Review Report.

  • 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

  • Eligible Receivables Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.

  • Pool Balance 1. Pool Balance on the close of the last day of the preceding Collection Period $

  • 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."

  • Determining Number of Billable Accounts The Open Account Fee and the Closed Account Fee shall be paid only with respect to accounts serviced directly by the Transfer Agent and not with respect to accounts serviced by third parties pursuant to omnibus account service or sub-accounting agreements, as provided in Section 2.04 of the Agreement. Notwithstanding that the Transfer Agent does not collect an Open Account Fee on accounts serviced by third parties pursuant to omnibus account service or sub-accounting agreements, any Small Account Fees collected on such accounts shall be subtracted as provided above under “Open Account Fee.”

  • Simple Interest Receivables All of the Receivables are Simple Interest Receivables.

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