Ratio Threshold definition
Examples of Ratio Threshold in a sentence
Permit the Interest Service Coverage Ratio as of the end of any Semi-annual Period to be less than the Interest Service Coverage Ratio Threshold as of the last day of such period.
The requirements of clauses (i)-(iii) above of this paragraph shall not apply to a Passive Exception with respect to the Investment Limits set forth in Section III(A) so long as the Trust Portfolio is in compliance with the Overall Credit Quality Limit and an RBC Ratio Threshold Breach has not occurred and is continuing as of such date.
Notwithstanding the foregoing, and subject to Section 2.3(b), if Borrower achieves a Quick Ratio of 1.0 to 1.0 or greater (the “Quick Ratio Threshold”), and only for so long as Borrower maintains a Quick Ratio at or above the Quick Ratio Threshold, then the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the greater of 0.75% percentage points above the Prime Rate or 4.00%, which interest shall be payable monthly.
At any time when either the Trust Portfolio is not in compliance with the Overall Credit Quality Limit or during an RBC Ratio Threshold Breach, the Grantor shall comply with the requirements of clauses (i)-(iii) above of this paragraph with respect to any Passive Exception existing within the Trust Portfolio and these Investment Guidelines.
If the Loan-to-Value Ratio on any LTV Test Date is greater than the LTV Cash Sweep Ratio Threshold but less than or equal to the LTV Maximum Ratio, a “LTV Cash Sweep Event” shall have occurred (a LTV Breach or a LTV Cash Sweep Event, each a “LTV Failure”).
Before consummation of an Acquisition Transaction that is reasonably likely to result in the Cash Flow Ratio Threshold being exceeded, Parent shall provide written notice and a reasonable description of such transaction, including pro forma calculations of the Cash Flow Ratio giving effect to such transaction as of the beginning of the most recent three-month period for which Annualized Operating Cash Flow can be calculated, together with reasonable documentary supporting information for such calculation.
When the Property shall have achieved the Debt Service Coverage Ratio Threshold, then provided no Event of Default exists and is continuing, the balance of the Debt Service Reserve Fund shall be disbursed to Borrower.
For so long as, and only for so long as, the Investor is entitled to nominate two Investor Directors pursuant to Section 11(a), Parent shall not, without the prior written consent of the Company, consummate an Acquisition Transaction if, after giving effect to such transaction, the Cash Flow Ratio will exceed the Cash Flow Ratio Threshold.
The Applicable Percentage will be interpolated on a linear basis between each (i) the Average Combined Ratio Threshold and Average Combined Ratio Target, and (ii) the Average Combined Ratio Target and Average Combined Ratio Maximum.
The parties contemplate that such audits will be performed no more frequently than two (2) times per year (four (4) time per year if the Liquidity Ratio Threshold is not in effect), but nothing herein restricts Bank’s right to conduct such audits more frequently if (i) Bank believes that it is advisable to do so in Bank’s good faith business judgment, or (ii) Bank believes in good faith that a Default or Event of Default has occurred.