Net Capital Ratio definition

Net Capital Ratio. As of the date of determination, that percentage of net capital to aggregate debit items of any entity subject to the Net Capital Rule 15c3-1 promulgated by the Securities Exchange Commission pursuant to the Securities Exchange Act of 1934 and any successor or replacement rule or regulation therefor.
View Source
Net Capital Ratio means a ratio of net capital to the required capital, expressed as a percentage, as defined in the Article 3-6, paragraph 3 of the Regulation on Financial Investment Business of Korea;
View Source
Net Capital Ratio means, as of any date of determination, the percentage of net capital to aggregate debit items of any Person subject to the Net Capital Rule 15c3-1 promulgated by the SEC and computed in accordance with the Formula for Determination of Reserve Requirements for Brokers and Dealers, (Exhibit A to Rule 15c3-3). “Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders. “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. “Note” has the meaning specified in Section 2.11(a). “Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer. “Obligations” means with respect to any Borrower all advances to, and debts, liabilities, obligations, covenants and duties of, such Borrower arising under any Loan Document or otherwise with respect to any Loan, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against such Borrower or any Affiliate thereof of any
View Source

Examples of Net Capital Ratio in a sentence

  • The Borrower will not permit the Broker Subsidiary to allow any month-end Net Capital Ratio to be less than 5%.

  • The Borrower will not permit the Broker Subsidiary to allow (a) the average of two consecutive month-end Net Capital Ratios to be less than 7%, or (b) any month-end Net Capital Ratio to be less than 5%.

  • The Borrower similarly will not permit SCM to allow (i) the average of two consecutive month-end Net Capital Ratios to be less than 7%, or (ii) any month-end Net Capital Ratio to be less than 5%.

  • At any time, permit the month-end Net Capital Ratio of RJA to be less than 10%.

  • The Borrower similarly will not permit MSI to allow (i) the average of two consecutive month-end Net Capital Ratios to be less than 7%, or (ii) any month-end Net Capital Ratio to be less than 5%.

  • As of the last day of any fiscal quarter, the Bank shall have a Non-Performing Assets to Net Capital Ratio of 40.0% or less.

  • The Borrower similarly will not permit MSI to allow (i) the average of two consecutive month- end Net Capital Ratios to be less than 7%, or (ii) any month-end Net Capital Ratio to be less than 5%.

  • Actual Net Capital Ratio (a) Net Capital $ (b) Aggregate Debit Items $ (c) Ratio of (a) to (b) % C-2 Exhibit D FORM OF ASSIGNMENT AGREEMENT This Assignment Agreement (this "Assignment Agreement") between (the "Assignor") and (the "Assignee") is dated as of , 19 .

  • As of the end of any Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2020, MSCI shall maintain a Net Capital Ratio of not less than 10% of MSCI’s Indebtedness.

  • Financial Covenants 6.19.1 Minimum Tangible Net Worth 6.19.2. Net Capital Ratio 6.20.


More Definitions of Net Capital Ratio

Net Capital Ratio means the ratio described in 17 CFR § 240.15c3-1.
View Source