Applicable Metric definition

Applicable Metric means any financial covenant or financial ratio or Incurrence-based permission, test, basket or threshold in any Finance Document (including any financial definition or component thereof and any financial ratio, test, basket or threshold or permission based on the calculation of Consolidated EBITDA or the Proportionate Net Leverage Ratio), any Default, Event of Default or other relevant breach of a Finance Document.
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Applicable Metric means any financial covenant or financial ratio or incurrence-based permission, test, basket or threshold in any Finance Document (including any financial definition or component thereof and any financial ratio, test, basket or threshold or permission based on the calculation of Consolidated EBITDA, LTM EBITDA, the Consolidated Senior Secured Net Leverage Ratio, the Consolidated Total Secured Net Leverage Ratio, theConsolidated Total Net Leverage Ratio or the Fixed Charge Coverage Ratio), any Default, Event of Default or other relevant breach of a Finance Document.
Sample 1
Applicable Metric means any financial covenant or financial ratio or incurrence-based permission, test, basket or threshold in this Indenture (including any financial definition or component thereof and any financial ratio, test, basket or threshold or permission based on the calculation of Consolidated EBITDA, Consolidated Funded Debt, Consolidated Leverage Ratio, Consolidated Total Leverage Ratio, Consolidated Secured Leverage Ratio or Consolidated Fixed Charge Coverage Ratio), any Default, Event of Default or other relevant breach of this Indenture. “Applicable Premium” means, with respect to any Note on any Redemption Date, the greater of: (a) 1.0% of the principal amount of such Note; and (b) the excess, if any, of (i) the present value on such Redemption Date of (A) the redemption price of such Note on November 15, 2025, in the case of the 2028 Notes and November 15, 2026, in the case of the 2030 Notes (such redemption price being that described in paragraph 5 of the relevant Notes), plus (B) all required remaining scheduled interest payments due on such Note through November 15, 2025, in the case of the 2028 Notes or November 15, 2026, in the case of the 2030 Notes (in each case, excluding accrued but unpaid interest to (but not including) such Redemption Date) computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (ii) the principal amount of such Note. “Approved Bank” means (a) any lender under the Super Senior Revolving Credit Facility, (b) any United States domestic commercial bank or commercial bank organized under the laws of any country that is a member of the Organization for the Economic Cooperation and Development, in each case of recognized standing having capital and surplus in excess of $500,000,000 (or the
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Examples of Applicable Metric in a sentence

  • For the purposes of determining and/or calculating any Applicable Metric, such determinations and/or calculations will be determined and/or calculated in accordance with the Finance Documents.

  • In relation to the definitions set out in Clause 21.1 (Financial definitions) and all other related provisions of the Finance Documents (including this Clause 20.9, Schedule 12 (General Undertakings), Schedule 14 (Certain New York Law Defined Terms) and any Applicable Metric) all determinations and/or calculations will be as determined in good faith by an Officer of the Company (including in respect of any adjustments permitted by this Agreement).

  • If the Issuer elects to determine any Applicable Metric as of any Applicable Test Date, it shall give pro forma effect to any other Applicable Transactions that have occurred up to (and including) such Applicable Test Date; provided that the pro forma calculation may exclude any non-recurring fees, costs and expenses attributable to any Applicable Transaction.

  • Applicable Metric NAN Failed to meet Credit to be issued Datacenter Infrastructure Outage 1/30th of the MRC for each hour of unavailability or fraction thereof in any calendar month Third Party Metrics NAN aggress to pass 100% of any credit received by a third party under a datacenter agreement, when applicable to Client.

  • Applicable Metric NAN Failed to Meet Credit to be Issued Backbone Availability 1/30th of the MRC for each hour of unavailability or fraction thereof in any calendar month to a maximum of 15/30th of the MRC.

Related to Applicable Metric

  • Usage Metric means the standard of measurement for determining the permitted use and calculating the fees due for a Cloud Service as set forth in an Order Form.

  • Loss Factor means the scaling factor determined in accordance with clause 6 and applied by the reconciliation manager to volumes of electricity measured or estimated in respect of ICPs on the Network, in order to reflect the impact of the ICP on Losses within the Network;

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Worst Performing Index means the Index for which the performance is the lowest in accordance with the definition of WOfinal

  • Stress Factor means 2.25.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Metric means a) when referenced in the context of a Named User, the individual Named User category and type (and corresponding Named User definition setting for such Named User’s use rights) as further described in Section 2.1 hereof -and- b) when referenced in the context of a Package, the individual business metric corresponding with each Package as further described in Section 2.2 hereof;

  • Applicable LIBOR Margin means, at any date:

  • Reference evapotranspiration or “ETo” means a standard measurement of environmental parameters which affect the water use of plants. ETo is given expressed in inches per day, month, or year as represented in Appendix C of these Guidelines, and is an estimate of the evapotranspiration of a large field of four to seven-inch tall, cool-season grass that is well watered. Reference evapotranspiration is used as the basis of determining the Maximum Applied Water Allowances.

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index (other than a Multiple Exchange Index), the closing level of such Index at the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), all as determined by the Calculation Agent.

  • Minimum Index Level means, in respect of a series of bull CBBCs, the lowest Spot Level of the Index during the MCE Valuation Period;

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Applicable ABR Margin means, at any date:

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Supplier Profit Margin means, in relation to a period or a Milestone (as the context requires), the Supplier Profit for the relevant period or in relation to the relevant Milestone divided by the total Call Off Contract Charges over the same period or in relation to the relevant Milestone and expressed as a percentage;

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Elevated blood lead level (EBL) means an excessive absorption of lead that is a confirmed concentration of lead in whole blood of 20 µg/dl (micrograms of lead per deciliter of whole blood) for a single venous test or of 15-19 µg/dl in two consecutive tests taken three to four months apart.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: I 50.0 II 62.5 III 75.0 IV 87.5 V 100.0

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.