Date of Determination definition
Examples of Date of Determination in a sentence
Each date on which such calculation is made shall be deemed a Date of Determination (but without exclusion of other dates which may also be Dates of Determination).
Permit the Interest Coverage Ratio for any Date of Determination for the Applicable Period ending on such Date of Determination to be less than 2.25 : 1.00.
Throughout the Services Term, Buyer or Seller, as determined pursuant to Article 8.2(d) shall be required to deliver to the other Party, and maintain with the other Party, Collateral in an amount equal to the Collateral Requirement as determined for such Party, if any, as of the most recent Date of Determination in accordance with this Section 8.1(a)(ii).
Any principal creditor right incurred prior to Date of Determination (inclusive) and its interests (compound interest, overdue or misappropriating default interest) accrued till the guarantor’s assumption of guarantee obligations, expenses for realization of herein-stated creditor right by the Debtee and other related expenses as stipulated under 2.2 of this Contract shall be covered by the guarantee under this Contract.
Gerdau shall not permit the ratio of Maximum Total Debt to EBITDA calculated for any period of four fiscal quarters ending on each Date of Determination to exceed 4.0:1.0.