Parity Ratio definition

Parity Ratio means a measure of price received for agricultural products divided by the parity index. The parity ratio is an indication of the per unit purchasing power of agricultural commodities generally in terms of the goods and services currently bought by agriculturalists, in relation to purchasing power of agricultural products in the 1910 - 1914 base period.

Parity Ratio means, on any Quarterly Distribution Date, (a) the Adjusted Pool Balance (including all accrued interest on the Financed Eligible Loans) divided by (b) the Outstanding Amount of the Notes, after giving effect to distributions to be made on that Quarterly Distribution Date. The Parity Ratio shall be calculated by the Administrator and certified to the Trustee upon which the Trustee may conclusively rely with no duty to further examine or determine such information.

Parity Ratio means a customer class's revenue-to-cost ratio divided by the system's revenue-to-cost ratio. This ratio shall only be presented to the commission as either a percentage or a decimal.

Examples of Parity Ratio in a sentence

• Thus, a Parity Ratio less than 100 indicates that the average per unit purchasing power of all farm products is lower than during the 1910-1914 period.

• Punjab has 414,000 female students in colleges, maintaining Gender Parity Ratio at 1.86.

• Upon further information and belief, in June of 2012, one of the PEAKS Senior Creditors, who was an institutional investor, asked Fitzpatrick about the decline of the PEAKS Parity Ratio.

• In October 2012, before ITT’s Former Management filed ITT’s Form 10-Q for the third quarter of 2012, ITT in fact received a demand for a PEAKS guarantee payment of more than $8.5 million as a result of the breach of the Parity Ratio, and ITT’s Former Management caused ITT to make a payment to DBTCA in that amount.

• However, unlike Parity Ratio guarantee payments, the POBOB payments were not contractually recoverable.

• However, as the performance of PEAKS deteriorated, the Parity Ratio calculated pursuant to ITT’s internal model diverged significantly from the actual Parity Ratio that was reported to and tracked by Fitzpatrick and others of ITT’s Former Management.

• If the value of PEAKS’ assets dipped below 105% of the value of its liabilities, ITT was required to pay down the Senior Debt owed to the PEAKS Senior Creditors until the Parity Ratio was re-balanced.

• After receiving the PEAKS guarantee payment demand in October 2012, certain of ITT’s Former Management devised a scheme (similar to the scheme implemented in connection with the CUSO Loan Program)15 for ITT to make relatively small payments on delinquent PEAKS loans in order to delay making much larger PEAKS Parity Ratio guarantee payments that defaults on those loans would trigger under the Guarantee Agreement.

• By September 2012, Fitzpatrick received additional information indicating that the PEAKS Parity Ratio was about to be breached and that tens of millions of dollars of additional PEAKS loans were projected to default over the next few months.

• In response, upon information and belief, Fitzpatrick was told by ITT’s controller that the Parity Ratio had declined dramatically, from 119% to 112% in the course of only three months.

More Definitions of Parity Ratio

Parity Ratio means, on any quarterly distribution date, (a) the Adjusted Pool Balance (including all accrued interest on the financed student loans) divided by (b) the outstanding principal balance of the notes, after giving effect to distributions to be made on that quarterly distribution date.

Parity Ratio means (a) on the Issue Date, (i) the sum of the Pool Balance as of such date (including all accrued interest on the Financed Student Loans), plus the initial amounts deposited to the Capitalized Interest Fund, the Debt Service Reserve Fund, the Collection Fund and any cash amounts deposited to the Acquisition Fund and not applied, or reserved, on the Issue Date to pay the costs of issuance of the transaction, divided by (ii) the Outstanding Amount of the Notes on the Issue Date, and (b) on any Distribution Date, (i) the Adjusted Pool Balance divided by (ii) the Outstanding Amount of the Notes, after giving effect to distributions to be made on the prior Distribution Date. The Parity Ratio shall be calculated by the Administrator and certified to the Trustee, upon which the Trustee may conclusively rely with no duty to further examine or determine such information.