Loan Ratio definition
Examples of Loan Ratio in a sentence
If the Collateral to Outstanding Loan Ratio falls below the required minimum for any Test Period, the Borrower shall as soon as reasonably practicable, but not in any event later than 45 days thereafter, cause one or more Qualified Aircraft to be admitted to the Collateral Pool such that the Collateral to Outstanding Loan Ratio will be in compliance with this Section 9.14 as of any such Test Period.
Permit the Non-Performing Loan Ratio to be less than 75.00% as at the last day of any fiscal quarter of the Borrower.
As of the Closing Date, the Applicable Term Loan Ratio Margin is 2.75% Effective , 200_, the Applicable Margins shall be adjusted (up or down) prospectively on a quarterly basis as determined by Borrower’s consolidated financial performance, commencing with the first day of the first calendar month that occurs more than five (5) days after delivery of Borrower’s quarterly Financial Statements to Lender for the Fiscal Quarter ending , 200 .
Borrower's and its Subsidiaries' Term Loan Ratio, measured on a quarter-end basis, for the month period ending _________, ________ is ___:1.0, which [is/is not] less than or equal to the amount set forth in Section 7 of the Credit Agreement for the corresponding period.
Holdings will not at any time permit the Collateral to Outstanding Loan Ratio to be less than (A) 1.10:1.00 at any time from the Closing Date through and including December 30, 2019, (B) 1.15:1.00 at any time from December 31, 2019 through and including December 30, 2020 and (C) 1.25:1.00 at any time on and after December 31, 2020.
Company shall not permit the Value to Loan Ratio as of any date to be less than 2.00:1.00.
Notwithstanding anything to the contrary contained in this Section 9.14, the foregoing Collateral to Outstanding Loan Ratio covenant set forth in this Section 9.14 shall not be tested on or after the Closing Date until (and in connection with) the Borrower’s first request for a Loan or other extension of credit hereunder while a Collateral Suspension Period is not in effect.
So long as the 2005 Series A Bond, or any bond issued to the Administrative Agent pursuant to Section 8.01(o) hereof in the event the Borrower fails to maintain the Required Ratings, is issued and outstanding and has not been terminated pursuant to paragraph 3 thereof, the Borrower shall not permit the Asset to Loan Ratio be less than 2.00 to 1 as of the last day of each fiscal quarter.
A Term Loan Note shall be payable to the order of each Lender requesting such a Note in accordance with the Term Loan Ratio of such Lender.
Holdings will not at any time permit both (a) the Collateral to Total Exposure Ratio to be less than 1.50 to 1.00 and (b) the Collateral to Outstanding Loan Ratio to be less than 1.75 to 1.00.