Minimum Required definition

Minimum Required. Distribution: $25.00 per Participant per MRD withdrawal. Plan Sponsor Webstation (PSW): Two (2) user IDs provided free of charge, each additional user ID, $500 per year. Return of Excess Contribution Fee: $25.00 per Participant, one-time charge per calculation and check generation.

Minimum Required. $________ (as calculated below) MINIMUM REQUIRED NET WORTH IS CALCULATED AS FOLLOWS:

Minimum Required. 1.00 Interest Coverage Ratio is computed as follows:

Examples of Minimum Required in a sentence

• The undersigned understands and agrees that if the undersigned tenders an amount that would cause the undersigned’s interest in the Company to fall below the Minimum Required Balance, the Company may repurchase the Shareholder’s entire interest in the Company.

• Starting in the calendar year in which you reach age 70½, you may elect to receive distributions calculated in the same manner as Minimum Required Distributions.

• The Company agrees to provide notice to the Subscribers not later than five days after the date the Company has less than the Minimum Required Reservation reserved on behalf of the Subscribers.

• If Resident does not maintain Minimum Required Insurance, the Minimum Required Insurance provision of the Lease may be satisfied by Landlord, who may schedule the Resident or their unit for coverage under the Landlord’s Required Resident Liability Insurance Policy (“LRRL”).

• LRRL is designed to fulfill the Minimum Required Insurance provision of the Lease.

More Definitions of Minimum Required

Minimum Required. 1.05:1.00 (PROVIDED that as of the last day of any Fiscal Quarter as of which (a) Annualized Gaming EBITDA for the Test Period is not less than $140,000,000 and (b) the Borrower's cash balances as of such date are in excess of $25,000,000, the required Fixed Charge Coverage Ratio shall be 1.00:1.00). $_______ THE FIXED CHARGE COVERAGE RATIO WAS COMPUTED AS FOLLOWS:

Minimum Required. 1.10:1.00 (for the fiscal quarter ended 7/31/04)

Minimum Required. As of the last day of each period of four consecutive fiscal quarters ending: Minimum Consolidated Interest Coverage Ratio March 31, 2016, June 30, 2016, September 30, 2016 or December 31, 2016 2.25 to 1.00 Any other period 2.50 to 1.00

Minimum Required. SECURITY COVER: Subject to no event of default, Minimum Required Security Cover to be waived during the Waiver Period. FINANCIAL COVENANTS OF THE CORPORATE GUARANTOR: Subject to no event of default, Financial Covenants of Dryships Inc. (Corporate Guarantor) to be waived during the Waiver Period.

Minimum Required. SECURITY LEASE YEAR DEPOSIT BALANCE ---------- -------------------------

Minimum Required. Tangible Net Worth of Seller 1 $40MM consolidated (with a maximum of $10MM in undrawn capital) At any date, $40,000,000.00 Tangible Net Worth” shall mean with respect to a Person at any date, the sum of: (a) The total assets set forth on the consolidated balance sheet of such Person, prepared in accordance with GAAP including (1) the sum of: (i) the par or stated value of all outstanding common stock, (iii) paid-in capital, and (iv) retained earnings; less (2) the sum of: (i) 50% of the value of MSRs, (ii) goodwill, including any amounts (however designated on such balance sheet) representing the cost of acquisitions or Subsidiaries in excess of underlying tangible assets, together with costs allocated to the purchase or origination of such Person’s servicing portfolio or any part thereof, (ii) patents, trademarks, copyrights, leasehold improvements not recoverable at the expiration of a lease, and deferred charges (including, but not limited to unamortized debt discount and expense, and organizational expenses) and (iii) loans to, or investments in, affiliates, officers or employees; (b) Plus committed and undrawn capital up to the maximum set forth above; Less, the total liabilities of the Person. Minimum Required Liquidity of Seller 1 $5,000,000.00, unrestricted. Profitability of Seller 1 Seller 1 must attain positive net income, determined in accordance with GAAP, as of the last day of each calendar quarter, commencing with the quarter ending June 30, 2021, for the prior four (4) consecutive fiscal quarters then ending, of not less than $1.00.

Minimum Required. The Borrower is in compliance (circle yes or no) Yes/No