Financial Measurement means the Fixed Charge Coverage Ratio. Arranger - Fleet Securities, Inc., in its capacity as Arranger under the Agreement. Assignment and Acceptance Agreement - an assignment and acceptance agreement in the form attached hereto as Exhibit A-2, pursuant to which a Lender assigns to another Lender all or any portion of any of such Lender's Revolving Loan Commitment, Term Loan or Term Loan Commitment, as permitted pursuant to the terms of this Agreement. Availability - the aggregate amount of additional money which Borrowers are entitled to borrow from time to time as Revolving Credit Loans, such amount being the difference derived when the sum of the principal amount of Revolving Credit Loans then outstanding (including any amounts which Agent or any Lender may have paid for the account of any Borrower pursuant to any of the Loan Documents and which have not been reimbursed by Borrowers), the sum of the Dollar Equivalent of the LC Amount and the LC Obligations and any reserves is subtracted from the Borrowing Base. If the amount outstanding is equal to or greater than the Borrowing Base, Availability is 0. Bank - Fleet National Bank. Base Rate - the rate of interest announced or quoted by Bank from time to time as its prime rate for commercial loans, whether or not such rate is the lowest rate charged by Bank to its most preferred borrowers (and, if such prime rate for commercial loans is discontinued by Bank as a standard, a comparable reference rate designated by Bank as a substitute therefor). Base Rate Portion - a Base Rate Term Portion or a Base Rate Revolving Portion. Base Rate Revolving Portion - that portion of the Revolving Credit Loans that is not subject to a LIBOR Option. Base Rate Term Portion - that portion of the Term Loan that is not subject to a LIBOR Option. Xxxx and Hold Inventory - finished goods Inventory of a Company as to which a Company has issued an invoice for payment to the customer, but which, pursuant to such customers' instructions or such Company's normal business practices, has not yet been shipped to such customer and title to which has not yet passed to such customer. Borrowing Base - as at any date of determination thereof, an amount equal to the lesser of:
Financial Measurement means the Fixed Charge Coverage Ratio.
Financial Measurement means the Interest Coverage Ratio. Assignment and Acceptance Agreement - an assignment and acceptance agreement in form and content reasonably acceptable to Agent pursuant to which a Lender assigns to another Lender all or any portion of any of such Lender's Revolving Loan Commitment, as permitted pursuant to the terms of this Agreement. Availability - the aggregate amount of additional money which Borrowers are entitled to borrow from time to time as Revolving Credit Loans, such amount being the difference derived when the sum of the principal amount of Revolving Credit Loans then outstanding (including any amounts which Agent or any Lender may have paid for the account of any Borrower pursuant to any of the Loan Documents and which have not been reimbursed by Borrowers), the LC Amount and any reserves is subtracted from the Borrowing Base. If the amount outstanding is equal to or greater than the Borrowing Base, Availability is 0. Bank - Fleet National Bank. Base Rate - the rate of interest announced or quoted by Bank from time to time as its prime rate for commercial loans, whether or not such rate is the lowest rate charged by Bank to its most preferred borrowers; and, if such prime rate for commercial loans is discontinued by Bank as a standard, a comparable reference rate designated by Bank as a substitute therefor shall be the Base Rate. Base Rate Portion - that portion of the Revolving Credit Loans that is not subject to a LIBOR Option. Borrowing Base - as at any date of determination thereof, an amount equal to the lesser of:
Examples of Financial Measurement in a sentence
EPS Expected to be 8% - 18% Higher than First Half $441 $395 ($7) ($39) Prior Year FX Organic Current Year O&G / Power MPF / Price China Resi Pool Data Centers Commercial & Industrial Systems p 11 * Non-GAAP Financial Measurement, See Appendix for Reconciliation (millions) Second Half Margin Rate Expected to Increase Sequentially ($21) ($9) ($8) 2Q Sales Versus Prior Year Key Thoughts > N.A. C&I Motors Sales Flat > Adj.
Net Income* Consistently Delivering Strong FCF – 129% Annual Average * Non-GAAP Financial Measurement, See Appendix for Reconciliation.
In short, we believe we have many credible value creation opportunities for our key stakeholders for many years to come.” Guidance*Non-GAAP Financial Measurement, See Appendix for Reconciliation The Company's 2023 annual guidance for GAAP diluted (loss) earnings per share is now expected to be in a range of $(1.07) to $(0.87), compared to $2.69 to $3.09 previously.
Notably, we successfully issued $4.7 billion of bonds in early January to support the financing of the Altra acquisition, in an offering that was more than four times *Non-GAAP Financial Measurement, See Appendix for Reconciliation over-subscribed, and with interest rates roughly 100 basis points lower than anticipated at announcement.
Operating Margin* 14.4% Down 80 bps from Prior Year but Up 360 bps vs 1Q > Margin Improvements Expected to Continue in 2H > Simplification and Cost Savings Helped to Offset the Volume Decline > Expecting Normal Heating Season ($13) * Non-GAAP Financial Measurement, See Appendix for Reconciliation ($9) ($5) ($4) Warm Weather Driving Stronger 3rd Quarter Demand Key Thoughts > Adj.
More Definitions of Financial Measurement
Financial Measurement means the Quarterly Average Excess Availability for Applicable Margin Percentage.
Financial Measurement means the Fixed Charge Coverage Ratio. The foregoing notwithstanding, with respect to the Applicable Margin for Unused Line Fees, from April 1, 2006 until the date when Co-Borrowers have paid Agent for periods after the Closing Date Unused Line Fees in an amount equal to $125,000 over the amount that Co-Borrowers would have paid Agent for Unused Line Fees for such period if the Applicable Margin for Unused Line Fees had been 0.25%, the Applicable Margin for Unused Line Fees shall remain at 0.50%. On and after such date, the Applicable Margin for Unused Line Fees shall be 0.25% (or such higher number as applicable as of the most recent Adjustment Date per the above grid).
Financial Measurement means the Leverage Ratio (as such term is defined in Exhibit 7.3). The foregoing notwithstanding, as of any date on which the aggregate outstanding principal balance of the Term Loan is $10,000,000 or less, then each percentage contained in the above table for Base Rate Term Portion and LIBOR Term Portion shall be reduced by 0.25%.
Financial Measurement means the average Gross Availability for the quarter then most recently ended, as determined by Agent consistent with the terms of the Agreement. Approved Financing Transaction - a transaction in which Borrower incurs Indebtedness secured by the Tandem Mill Collateral (i) that is permitted pursuant to the Exchange Indentures (or, at any time after all Indebtedness under the Exchange Notes has been paid in full, that is permitted pursuant to the Exchange Loan Agreement), (ii) that is consummated concurrently with an acquisition of stock or assets to which Majority Lenders have consented, and (iii) which constitutes a Permitted Tandem Mill Transaction. Approved Sale - an Asset Disposition of the Tin Mill Collateral, the Hot Mill Collateral or the Tandem Mill Collateral (i) that is permitted pursuant to the Exchange Indentures (or, at any time after all Indebtedness under the Exchange Notes has been paid in full, that is permitted pursuant to the Exchange Loan Agreement) and (ii) that is permitted pursuant to subsection 8.2.9 of the Agreement or to which Majority Lenders have consented (or, in the case of the Tandem Mill Collateral, to which Agent and all Lenders have consented, in their reasonable credit judgment). Approved Sale and Leaseback - a sale and leaseback transaction (i) that is permitted pursuant to the Exchange Indentures (or, at any time after all Indebtedness under the Exchange Notes has been paid in full, that is permitted pursuant to the Exchange Loan Agreement) and (ii) that is permitted pursuant to subsection 8.2.9 of the Agreement or to which Majority Lenders (or in the case of a sale and leaseback transaction that constitutes a Permitted Tandem Mill Transaction, Agent and all Lenders, in their reasonable credit judgment) have consented.
Financial Measurement means the Fixed Charge Coverage Ratio (as such term is defined in Exhibit 8.3 to the Agreement). Base Rate Equipment Portion – that portion of the Equipment Loans that is not subject to a LIBOR Option. Base Rate Portion – the Base Rate Term Portion, the Base Rate Equipment Portion and/or the Base Rate Revolving Portion.
Financial Measurement means the Fixed Charge Coverage Ratio (as such term is defined in Exhibit 8.3 to the Agreement).
Financial Measurement means the Interest Coverage Ratio. In calculating the Interest Coverage Ratio, Agent shall calculate numbers to thousandths, and amounts of 0.005 or greater will be rounded up to the next hundredth. For example (and not by way of limitation), 2.445 shall be rounded to 2.45. Appraisal - an appraisal delivered by Borrower Representative to Agent prior to the Closing Date and within 60 days prior to December 31st of each year setting forth the Net Orderly Liquidation Value of Inventory of each Borrower, in form and substance and prepared by an independent appraiser, acceptable to Agent. Approved Seller Subordinated Financing - with respect to any Indebtedness provided by any Seller or any other party in connection with a Permitted Acquisition so long as :