AIP Ratio definition

AIP Ratio means, in respect of a Non-Defaulting FXCCM and the Auction Portfolio(s) in a specific Auction Portfolio Currency Pair and Auction Portfolio Category, the ratio that (a) the Undiversified Initial Margin Amount for the ForexClear Contracts of such Non-Defaulting FXCCM that are registered in its name at the time of the relevant Default and are in such Auction Portfolio Currency Pair and Auction Portfolio Category bears to, (b) the aggregate Undiversified Initial Margin Amount for all the ForexClear Contracts that are registered in the name of such Non-Defaulting FXCCM at the time of the relevant Default;
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Related to AIP Ratio

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Indebtedness net of Unrestricted Cash as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed four fiscal quarters.

  • Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of such date to (b) EBITDA of the Company and its Restricted Subsidiaries for the most recently ended Test Period on or prior to such date, in each case with such pro forma adjustments as are consistent with the pro forma adjustments set forth in the definition of “Interest Coverage Ratio.”