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Ratio Compliance definition

Ratio Compliance means, at any date of determination, that (A) the Loan-to-Value Ratio on a Pro Forma Basis is equal to or less than [*] to 1.0, or (B) the Fixed Charge Coverage Ratio on a Pro Forma Basis is at least [*] to 1.0.
Sample 1Sample 2Sample 3
Ratio Compliance means, at any date of determination, that (A) the Loan-to-Value Ratio is equal to or less than 0.55 to 1.0, or (B) the Fixed Charge Coverage Ratio is at least 2.0 to 1.0.
Sample 1
Ratio Compliance means, at any date of determination, that the Total Senior Secured Bank Leverage Ratio of the Borrowers and their Subsidiaries, after giving effect on a Pro Forma Basis to the relevant transactions (including the assumption, the issuance, incurrence and permanent repayment of Indebtedness and the application of the proceeds of any such Indebtedness), is not greater than 3.5 to 1.0.
Sample 1

Examples of Ratio Compliance in a sentence

  • DOI also stated that oil barging operations are conducted nearby and shoaling associated with disposal of dredged material could result in accidental groundings and oil spills.

  • For purposes of the provisions of this Stipulation, the Borrower, along with the annual Consolidated Financial Statements supplied by the Agent in conformity with the provisions of subsection 22.1.2, shall accompany the Ratio Compliance Certificate containing the Debt Ratio value resulting from the Consolidated Financial Statements of each financial year.

  • The Ratio Compliance Certificates shall identify all of the Acquisitions without Recourse and the Project Companies, along with those excluded by the Borrower’s auditor pursuant to the definitions included under Stipulation 1.1 of this Contract (except as otherwise agreed by the Borrower and the Lenders).

  • Along with the six-month and annual Consolidated Financial Statements submitted by the Borrower under section 22.1.1 above, the Borrower shall also submit the Ratio Compliance Certificate to the Agent.

  • Compliance will be determined by using the agency’s Nursing Home Staffing Ratio Compliance Worksheet dated June, 2000, incorporated by reference.(c) Sanctions.

  • Compliance with the Fixed Charge Coverage Ratio shall only be tested on a Fixed Charge Coverage Ratio Compliance Date.

  • Prior to the Ratio Compliance Date, SXE will be required to maintain minimum levels of Consolidated EBITDA (as defined in the Fifth Amendment) on a quarterly basis and be subject to certain covenants and restrictions related to liquidity and capital expenditures.

  • An example of this would be a Ratio Compliance Review form that is submitted quarterly to document progress toward meeting handicap ratio requirements.

  • Public Works Director Potthoff requested that Item G be removed from the Consent Agenda and placed on the Regular Agenda.

  • Notwithstanding the foregoing, the Applicable Margin with respect to Eurodollar Advances shall be 4.50%, the Applicable Margin with respect to Base Rate Advances shall be 3.50%, and the Applicable Margin with respect to Commitment Fees shall be 0.500%, in each case, until the occurrence of the Leverage Ratio Compliance Date.

Related to Ratio Compliance

  • HIPAA Compliant means that a Loan Party to the extent legally required (i) is or will use commercially reasonable efforts to be in compliance in all material respects with each of the applicable requirements of the so-called “Administrative Simplification” provisions of HIPAA on and as of each date that any part thereof, or any final rule or regulation thereunder, becomes effective in accordance with its or their terms, as the case may be (each such date, a “HIPAA Compliance Date”) and (ii) is not and could not reasonably be expected to become, as of any date following any such HIPAA Compliance Date, the subject of any civil or criminal penalty, process, claim, action or proceeding, or any administrative or other regulatory review, survey, process or proceeding (other than routine surveys or reviews conducted by any government health plan or other accreditation entity) that could result in any of the foregoing or that has or could reasonably be expected to have a Material Adverse Effect.

  • Pro Forma Compliance and “Pro Forma Effect” mean, with respect to compliance with any test, financial ratio or covenant hereunder required by the terms of this Agreement to be made on a Pro Forma Basis or after giving Pro Forma Effect thereto, that (a) to the extent applicable, the Pro Forma Adjustment shall have been made and (b) all Specified Transactions and the following transactions in connection therewith that have been made during the applicable period of measurement or subsequent to such period and prior to or simultaneously with the event for which the calculation is made shall be deemed to have occurred as of the first day of the applicable period of measurement in such test, financial ratio or covenant: (i) income statement items (whether positive or negative) attributable to the property or Person subject to such Specified Transaction, (A) in the case of a Disposition of all or substantially all Equity Interests in any subsidiary of the Borrower or any division, product line, or facility used for operations of the Borrower or any of its Subsidiaries, shall be excluded and (B) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction,” shall be included, (ii) any retirement of Indebtedness, and (iii) any Indebtedness incurred or assumed by the Borrower or any of its Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination and interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period; provided that, without limiting the application of the Pro Forma Adjustment pursuant to clause (a) above, the foregoing pro forma adjustments may be applied to any such test or covenant solely to the extent that such adjustments are consistent with the definition of Consolidated EBITDA and give effect to operating expense reductions that are (i) (x) directly attributable to such transaction, (y) expected to have a continuing impact on the Borrower or any of its Subsidiaries and (z) factually supportable or (ii) otherwise consistent with the definition of Pro Forma Adjustment.

  • Distribution Compliance Period with respect to any Notes, means the period of 40 consecutive days beginning on and including the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes.

  • Statement of Compliance means the statement forming part of a Tender indicating the Bidders compliance with the Specification.

  • Compliance Date means, in each case, the date by which compliance is required under the referenced provision of ARRA’s or HIPAA’s implementing regulations, as applicable.

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • Document of Compliance has the meaning given to it in the ISM Code.

  • Compliance as used in this clause, means compliance with:

Most Referenced Clauses

Most Referenced Definitions