Cash Collection Ratio definition

Cash Collection Ratio means, as of the last day of each calendar quarter, the percentage equal to the ratio of (a) Cash Collections for such fiscal quarter to (b) the lesser of (i) the Borrowing Base Availability as at the first day of such fiscal quarter and (ii) the Total Revolving Loan Commitment as at the first day of such fiscal quarter.
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Cash Collection Ratio means, for any Monthly Period (as calculated in the Monthly Report required to be delivered pursuant to Section 2.9 of the Credit Agreement in the month following such Monthly Period), the ratio (expressed as a percentage) of (i) all payments on Receivables (other than Receivables arising under Summer School Contracts) made by Obligors during such Monthly Period to (ii) the average of the aggregate Outstanding Balance of all Receivables (other than Receivables arising under Summer School Contracts) as of the last day of the most recently ended three consecutive Monthly Periods (including such Monthly Period).
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Cash Collection Ratio means, for any trailing 6-month period, the ratio of (a) all cash payments (including any prepayments) of principal, interest, unearned premium refunds, and all fees collected on the Receivables as of the end of such 6-month period to (b) the average outstanding balance of the Loan as of the end of such 6-month period.
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Examples of Cash Collection Ratio in a sentence

  • Maintain at all times, commencing on November 30, 2023, a Cash Collection Ratio of not less than 1.20 to 1.00, to be tested as of the end of each calendar month and to be calculated on a trailing 6-month basis.

  • Maximum Total Balance Sheet Leverage Ratio 3.5 to 1.00 ______ _____ _____ Minimum Interest Coverage Ratio 1.15 to 1.00* ______ _____ _____ Minimum Tangible Net Worth $13,500,000 ______ _____ _______ Minimum Cash Collection Ratio 1.20 to 1.00 ______ ______ ______ *Such minimum ratio shall increase to 1.20 to 1.00 for the second (2nd) and third (3rd) fiscal quarters of 2024 and to 1.25 to 1.00 for the fourth (4th) fiscal quarter of 2024 and each fiscal quarter thereafter.