Collection Ratio definition

Collection Ratio means, for any Cut-Off Date, the ratio (expressed as a percentage) computed as of such Cut-Off Date by dividing (x) the Collections received during the month ending on such Cut-Off Date by (y) the amount of Sales generated during the month ending on the immediately preceding Cut-Off Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Collection Ratio means with respect to any Accrual Period, the ratio (expressed as a percentage) calculated as of the last day of such Accrual Period by dividing (i) the Collections received during such Accrual Period by (ii) the Original Balance of all Receivables originated during the immediately preceding Accrual Period.

Collection Ratio means the ratio (expressed as a percentage) computed for each calendar month by dividing (a) the aggregate amount of Collections received in that calendar month by (b) the sum of the aggregate amount of Invoices issued in the immediately preceding calendar month plus without duplication, the sum, for all such Invoices, of the Dilution attributable to such Invoice and, without duplication, the amount of each such Invoice disputed for such calendar month; provided that the Collections with respect to, and the amount of Invoices related to, one-time or special-incentive Contract Payments shall be excluded from this ratio.

Examples of Collection Ratio in a sentence

• For the purpose of this paragraph (aa), Collection Ratio means, in respect of each of the Group and the HHH Group, the total amount of revenues collected and deposited into the Collections Accounts to the total amount of revenues of the Group or HHH Group (as the case may be), for any period.

• Subsequent to such one (1) year initial period, the qualifying Collection Ratio Percentage shall be over any consecutive three (3) month period of time.

• For each of the two most recently completed Reporting Periods, the Collection Ratio shall be less than 1.00:1x; it being understood that such ratio will be calculable, and thus a Default may occur under this clause (g), before an applicable Payment Date.

• 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.

More Definitions of Collection Ratio

Collection Ratio means, as at any Determination Date, the fraction (expressed as a percentage) calculated as: (a) the aggregate amount of Collections received during the Determination Period ending on that Determination Date;

Collection Ratio. For any Determination Date, the percentage equivalent of a ---------------- fraction, the numerator of which is the Net Eligible Loans on the first day of the related Collection Period and the denominator of which is equal to the Collections received in the Collection Account during such Collection Period.

Collection Ratio means, separately with respect to each Pool (excluding, however, (i) Receivables in either such Pool of the type described in clause (d) of the definition of Eligible Receivable and (ii) Receivables of any Obligor other than a Designated Obligor), as calculated as of the last day of any calendar month, the ratio computed by dividing:

Collection Ratio means, for any Reporting Period, the ratio of: (a) the aggregate Collections on the Transferred Use Fees paid by the applicable Payor(s) during such Reporting Period (with respect to Collections in Pesos, calculated as if such Pesos were converted into Dollars at the Exchange Rate in effect as of the last day of such Reporting Period) to (b) the principal and Interest scheduled to be paid on the Notes on the first Payment Date after the end of such Reporting Period; provided that such calculation shall include Collections on Transferred Use Fees received directly by the Company during such Reporting Period to the extent that such was paid by a Payor that: (i) as of the last day of such Reporting Period, has received a Notice and (if required under the Argentine Collateral Trust Agreement) has acknowledged and agreed thereto, which Notice remains in full force and effect, and (ii) was as of such last day and remains in full compliance with such Notice.

Collection Ratio means, in relation to a given Collection Account and in respect of a given Collection Period, the ratio (expressed as a percentage) between: