Ratio Calculation Date definition

Ratio Calculation Date has the meaning assigned to such term in Section 1.08(b).

Ratio Calculation Date as defined in Section 1.3(a).

Ratio Calculation Date means each June 15 and December 15 occurring after the Effective Date or, if such date is not a Business Day, the next Business Day following such June 15 or December 15.

Examples of Ratio Calculation Date in a sentence

• If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Fixed Charge Coverage Ratio Calculation Date had been the applicable rate for the entire reference period (taking into account any Hedging Obligations applicable to such Indebtedness).

• If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Fixed Charge Coverage Ratio Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness).

• Notwithstanding the foregoing, following the occurrence of a TIFIA Reserve Event, in the event that, on any Ratio Calculation Date, the Debt Service Coverage Ratio for the preceding Calculation Period falls below 1.25 to 1.00, the amount of the TIFIA Reserve Account Requirement not yet funded, if any, shall be funded by no later than the next Semi-Annual Payment Date following such occurrence.

• To the extent interest expense generated by Hedging Obligations that have been terminated prior to the Fixed Charge Coverage Ratio Calculation Date is included in Consolidated Interest Expense, Consolidated Interest Expense shall be adjusted to exclude such expense.

• For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed with a pro forma basis shall be computed based on the Fixed Charge Coverage Ratio Calculation Date except as set forth in the first paragraph of this definition.

More Definitions of Ratio Calculation Date

Ratio Calculation Date means each date which is identical to the end of each quarter of each Financial Year."

Ratio Calculation Date shall have the meaning set forth in Section 1.08(a)(i).

Ratio Calculation Date means each date in respect of which the financial covenants according to Clause 19 (Financial Covenants) are calculated and which is identical to the end of each quarter of each Financial Year.

Ratio Calculation Date. 15 February and 15 August of each year while the Financial Documents are in force, the first of which shall be 15 February 2004.

Ratio Calculation Date shall have the meaning given to it in the definition of “Consolidated Leverage Ratio” as set forth herein.

Ratio Calculation Date see Section 1.4(a).

Ratio Calculation Date means the date on which a ratio is calculated in accordance with Clause 20.3 (Ratio Calculation Dates).