Ratio Letter definition

Ratio Letter means that certain Fee and Ratio Letter, dated as of the Closing Date, delivered by Lenders and acknowledged by Borrower prior to the execution of this Agreement.
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Examples of Ratio Letter in a sentence

  • The Sharing Ratios for each separate Investment in a given Series shall be set forth on a separate Investment Sharing Ratio Letter for each Partner for such Investment within such Series.

  • Each Partner shall, contemporaneously with the execution hereof and/or at the time of the admission of such Partner to any Series, make the Capital Contribution with respect to such Series, if any, set forth opposite such Partner’s respective name in such Partner’s Investment Sharing Ratio Letter for each Investment in such Series (the “Initial Capital Contribution") or as otherwise maintained in the offices of the Partnership and communicated to such Partner.

  • Any such determination shall be made in accordance with the provisions of the Medicare Medical Loss Ratio Letter dated July 15, 1997, and the weighted voting provisions of this Section shall be effective at the time the Corporation files its quarterly report on Form 10-Q (or its annual report on Form 10-K if the Loss Quarter is the last quarter of the Corporation's fiscal year) with the Securities and Exchange Commission for the applicable quarter.

  • The interest rate payable upon the outstanding principal amount of the Working Capital Revolving Credit Note shall be adjusted from time to time based on the following pricing grid (initial pricing shall be set at Level III): Applicable LIBOR Margin and Applicable Base Level Total Leverage Ratio Letter of Credit Fees Rate Margin Commitment Fee I >1.50x 2.00 % 1.00 % .375 % II ≤1.50x and > .50x 1.75 % .75 % .25 % III ≤.50x 1.50 % .50 % .25 % 4.

  • This Agreement and each Investment Sharing Ratio Letter constitutes the entire agreement of the Partners relating to the Partnership and supersedes all prior contracts or agreements with respect to the Partnership and each Series, whether oral or written.

Related to Ratio Letter

  • Leverage means the aggregate amount of indebtedness of the Company for money borrowed (including purchase money mortgage loans) outstanding at any time, both secured and unsecured.

  • Consolidated First Lien Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Net Debt (other than any portion of Consolidated Net Debt that is unsecured or is secured solely by a Lien that is expressly subordinated to the Liens securing the Obligations) as of such date to (b) Consolidated EBITDA for the most recent Test Period.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date that is secured on a first lien basis by assets or properties of Holdings or any Subsidiaries to (b) Consolidated EBITDA of Holdings and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Debt to Cash Flow Ratio means, with respect to any Person as of any date of determination, the ratio of (a) the Consolidated Indebtedness of such Person as of such date, less cash and Cash Equivalents, to (b) the Consolidated Cash Flow of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available. For purposes of making the computation referred to above:

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Senior Leverage Ratio means the ratio of (a) Consolidated Senior Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Leverage Ratio means, on any date, the ratio of Total Debt on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.