Asset/Liability Ratio definition
Asset/Liability Ratio means a fraction determined on each Monthly Measurement Date and expressed as a percentage, the numerator of which is the sum of (a) the aggregate Outstanding Amount of the Financed Loans (other than Defaulted Loans) plus accrued and unpaid interest on such Financed Loans as of the end of the related Collection Period and (b) the amounts on deposit in the Collection Account and the Reserve Account as of the end of the related Collection Period, and the denominator of which is the aggregate Outstanding Amount of the Senior Credit plus accrued and unpaid interest thereon as of the end of the related Collection Period less amounts on deposit in the Acquisition Account as of the end of the related Collection Period. For the purpose of calculating the Asset/Liability Ratio, amounts described in clause (a) of the definition of “Available Funds” and Net Refunded Amounts shall be treated as received during a Collection Period, and included in the balance of the Collection Account or the Acquisition Account, as applicable, if they are received by the Servicer during such Collection Period and thereafter transmitted to the Secured Party prior to the Monthly Measurement Date.
Asset/Liability Ratio means the quotient equal to (a) the sum of, without duplication, (i) the amount of the Prepaid Assets as of the Closing Date and
Asset/Liability Ratio means the quotient equal to (a) the sum of, without duplication, (i) the amount of the Prepaid Assets as of the Closing Date and (ii) the Adjusted Inventory Amount as of the Closing Date divided by (b) the sum of, without duplication, (i) the amount of the Assumed Accounts Payable as of the Closing Date, (ii) the amount of the Accrued Expenses as of the Closing Date, (iii) the amount of Accrued Vacation Liability as of the Closing Date and (iv) the Additional Royalty Payment Amount.
Examples of Asset/Liability Ratio in a sentence
The Buyer and Seller agree by their execution of this Agreement that they shall have been deemed to have amended the License Agreement to provide for the payment as an additional royalty for the use of the Licensed M▇▇▇ (as defined in the License Agreement) on the Closing Date of the Additional Royalty Payment Amount, which amount shall be included as liability in the Asset-Liability Ratio.
Each Transferred Employee will be credited by the Buyer under the Buyer’s applicable vacation policy with any accrued but unused vacation earned as of the Closing Date that is included as an Accrued Vacation Liability in the Asset-Liability Ratio under the Seller’s vacation policy applicable to such Transferred Employee.