Operating TIER definition

Operating TIER. ’ or ‘‘OTIER’’ shall mean Operating Times Interest Earned Ratio cal- culated as:
Sample 1Sample 2Sample 3
Operating TIER. ’ or ‘‘OTIER’’ shall mean Operating Times Interest Earned Ratio
Sample 1Sample 2Sample 3
Operating TIER or “OTIER” shall mean Operating Times Interest Earned Ratio calculated as:
Sample 1

Examples of Operating TIER in a sentence

  • Promptly following the end of each calendar year, the Borrower shall report, in writing, to RUS the TIER, Operating TIER, DSC and Operating DSC levels which were achieved during that calendar year.

  • Promptly following the end of each calendar year, the Borrower shall report, in writing, to RUS the TIER, Operating TIER, DSC andOperating DSC levels which were achieved during that calendar year.

  • The Operating TIER Adjustment does apply to this rate.The On-Peak Demand Reduction Credit does not apply to this rate.

  • Operating TIER and Operating DSC would be testedretrospectively using the same averaging of the best two out of three years as isused for standard TIER and DSC.Since a borrower’s electric utility business accounts for most of thefinancing provided by RUS, is the main source of revenue for repaying the loans, and provides the primary security forthe loans, RUS believes it is reasonable to expect this business to be financially viable and not dependent on othersources of income to cover business expenses.

  • TIER, on the other hand, provided that it is set atleast 1.0, requires a borrower to at leastbreak even, either for its overalloperations in the case of standard TIER, or its electric utility operations in thecase of Operating TIER.

  • Any loan used to refinance or refund a Contempora- neous Loan is also considered to be a Con- temporaneous Loan.‘‘Coverage Ratios’’ shall mean, collec- tively, the following financial ratios: (i) TIER of 1.25; (ii) Operating TIER of 1.1; (iii) DSC of 1.25; and Operating DSC of 1.1. Pt. 1718, Subpt.

  • Promptly following the end of each calendar year, the Borrower shall report, in writing,7 CFR Ch. XVII (1–1–07 Edition)to RUS the TIER, Operating TIER, DSC and Operating DSC levels which were achieved during that calendar year.

  • When the targeted modified or distribution equity has been achieved, considerations for Operating TIER of less than 1.60 may be accommodated via a revenue deferral plan or associated measures which will allow the cooperative to address future margin needs.

  • To support the achievement of a targeted 35% modified or distribution equity ratio, and generally budget for an annual Operating TIER of 1.60.

  • Adding Operating TIER (OTIER) andOperating DSC (ODSC) set at 1.1 would achieve the original objective ofexcluding major non-cash margins from the coverage tests, while also requiringthat borrowers at least break even, with a small margin for error, on theirprimary business.

Related to Operating TIER

  • School operating taxes means local ad valorem property taxes levied under section 1211 of the revised school code, MCL 380.1211, and retained for school operating purposes.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.