Applicable Ratio definition

Applicable Ratio means 5.75:1.00 for calculations made on or before December 31, 2010; 5.50:1.00 for calculations made on or before December 31, 2011; and 5.00:1.00 for calculations made thereafter.

Applicable Ratio means the percentage representing the aggregate distributions made to Condor Member pursuant to Section 5.1.1(a) for the Fiscal Year divided by the full amount of the Condor Member’s Minimum Preferred Return for the Fiscal Year. For example, if the full amount of Condor Member’s Minimum Preferred Return for a Fiscal Year were $600,000.00 and the aggregate distributions to the Condor Member pursuant to Section 5.1.1(a) were $400,000.00, the Applicable Ratio would be 66.67%. If the full amount of the TWC Member’s Minimum Preferred Return for a Fiscal Year were $150,000.00, the Target Distribution Amount would be $100,000.00 (66.67% of $150,000.00), and if the actual distributions to TWC Member pursuant to Section 5.1.1(b) for the same Fiscal Year is zero (0), making the Available Cash Shortfall of TWC Member for that Fiscal Year $100,000.00.

Applicable Ratio on the last day of any month during the period set forth below the ratio set forth opposite such period: Each Month During Period Ratio ------------------------ ----- Closing Date through November 1997 6.75 December 1997 through May 1998 6.5 June 1998 through November 1998 6.25 December 1998 through May 1999 6.0 June 1999 through November 1999 5.75 December 1999 through May 2000 5.5 June 2000 through November 2000 5.25 December 2000 through May 2001 5.0 June 2001 through November 2001 4.75 December 2001 through May 2002 4.5 June 2002 through November 2002 4.25 December 2002 through June 2003 4.0

Examples of Applicable Ratio in a sentence

• If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended).

• If the fees payable under this Agreement and/or the Fund’s advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied.

• If the fees payable under this Agreement and/or the Fund's advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied.

• If the fees payable under this agreement and/or the Fund's Advisory Agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately on the basis of, and applied separately to, the portions of the fees calculated at the different rates.

• Borrower shall not cause the Lease Adjusted Leverage Ratio of Borrower on a consolidated basis to be greater than the Applicable Ratio, said ratio to be tested on a quarterly basis for the trailing twelve (12) month period.

More Definitions of Applicable Ratio

Applicable Ratio has the meaning set forth in Section 3.5 hereof.

Applicable Ratio means, in respect of any Category 1 Issuer Event, the ratio of (i) the Single Share Collateral Value of the Shares subject to such Category 1 Issuer Event, to (ii) the Share Collateral Value, in each case as determined as of the Scheduled Trading Day preceding the occurrence of such Category 1 Issuer Event.

Applicable Ratio as used in this Section 3(d), shall mean a percentage calculated by (i) taking the sum of (A) the Assets Invested equal to or less than $500 million multiplied by 0.70%, plus (B) the Assets Invested greater than $500 million multiplied by 0.60%, and dividing such total by (ii) the total Assets Invested.

Applicable Ratio has the meaning provided in Section 6.13(a).

Applicable Ratio means (i) the number of shares of Option Stock which are the subject of the Subject Options to be purchased by the Company, divided by (ii) the sum of the number of outstanding shares of Common Stock and the number of shares of Common Stock that would be outstanding if all of the then unexercised Options were exercised.

Applicable Ratio means 55.00%; provided, however, that for any fiscal quarter ending during an Acquisition Adjustment Period, so long as the Pro Forma Debt to EBITDDA Ratio does not exceed 2.75 to 1.00 as of the end of any fiscal quarter ending during such Acquisition Adjustment Period, the Applicable Ratio for such fiscal quarter shall be equal to the following: (1) for the first fiscal quarter in such Acquisition Adjustment Period and for the next three succeeding fiscal quarters ending thereafter (i.e., the first, second, third and fourth fiscal quarters most recently ending after the date of the Acquisition that caused such Acquisition Adjustment Period to begin), the Applicable Ratio shall be equal to 65.00%, and (2) for the next three succeeding fiscal quarters after such fourth fiscal quarter (i.e.., the fifth, sixth and seventh fiscal quarters most recently ending after the date of the Acquisition that caused such Acquisition Adjustment Period to begin), the Applicable Ratio shall be equal to 60.00%.

Applicable Ratio as used in this Section 3(d), shall mean a percentage calculated by (i) taking the sum of (A) the Initial Commitments multiplied by 0.70%, plus (B) the Subsequent Commitments multiplied by 0.60%, and dividing such total by (ii) the sum of the Initial Commitments and the Subsequent Commitments. For the avoidance of doubt, the Applicable Ratio is intended to reflect the respective ratios that each of the Initial Commitments and Subsequent Commitments bear to the Fund’s aggregate Capital Commitments in determining the Management Fee payable after expiration of the Investment Period.