Required Ratio definition

Required Ratio has the meaning set forth in Section 7.11(a).

Required Ratio means 2 to 1.

Required Ratio means, on any date of determination with respect to any incurrence of Indebtedness under Sections 9.2(f), 9.2(g) (except for the Specified Secured Senior Notes), 9.2(i) and 9.2(l), for the applicable Measurement Period, the ratio of (x) Consolidated Total Indebtedness (net of Unrestricted Cash, only in the event that the aggregate principal amount of Loans outstanding on such date does not exceed $10,000,000) as of the end of such period to (y) Consolidated EBITDA for the applicable Measurement Period shall: (1)(i) with respect to incurrence of Indebtedness under Sections 9.2(f), 9.2(g) (except for the Specified Secured Senior Notes) and 9.2(l), not exceed 2.0 to 1.0 and (ii) with respect to incurrence of Indebtedness under Section 9.2(i), not exceed 3.0 to 1.0 or (2) with respect to any such Indebtedness incurred in connection with a Permitted Acquisition or any other Investment permitted under this Agreement, not exceed (A) such ratio existing immediately prior to the incurrence of such Indebtedness and the consummation of such Permitted Acquisition or Investment permitted under this Agreement or (B) 3.0 to 1.0; provided that, in each case, (A) all pro forma calculations of such ratio within this definition shall include only those adjustments that are based on reasonably detailed written assumptions reasonably acceptable to the Administrative Agent and (B) for any Indebtedness incurred in connection with Sections 9.2(f) or 9.2(i) or a Permitted Acquisition or Investment, pro forma calculations of such ratio shall be accompanied by a certificate from a Responsible Officer on behalf of the Company delivered to the Administrative Agent no less than fifteen (15) days prior to the incurrence of any such Indebtedness, certifying that such calculation has been prepared in good faith based upon reasonable assumptions and giving effect to such incurrence on a pro forma basis, the Company is in compliance with the Required Ratio. Commencing with the fiscal quarter of the Company ended as of April 30, 2018 (which shall constitute the ‘first fiscal quarter’ of the Company for the purpose of this annualization), for the purpose of calculating the Required Ratio, Consolidated EBITDA shall be annualized in the following manner for the first three fiscal quarters of the Company: (i) for the first fiscal quarter of the Company ended as of April 30, 2018, Consolidated EBITDA for such fiscal quarter shall be multiplied by 4, (ii) for the second fiscal quarter of the Compa...

Examples of Required Ratio in a sentence

• A test that is satisfied with respect to any Class or Classes of Secured Notes (other than the Class X Notes, the Class E-R Notes and the Class F-R Notes) as of any date of determination on, or subsequent to, the Determination Date occurring immediately prior to the third Payment Date, if (i) the Interest Coverage Ratio is at least equal to the Interest Coverage Required Ratio for such Class or Classes or (ii) such Class or Classes of Secured Notes are no longer outstanding.

• Consolidated EBITDA = [ ] Consolidated Interest Expense= [ ] Actual Ratio= [ ] to 1.0 Required Ratio= [ ] to 1.0 Supporting detail showing the calculation of Consolidated Total Debt is attached hereto as Schedule 1.

• Required Ratio of Event Workers The following guideline sets out the ratio of event servers and monitors to event participants.

• The document argues that a significant part of reducing emission is “behaviour change and demand management [and] infrastructure investment (p.4).

• If the supplier cannot deliver EHF, Bioforsk prefer to receive the invoice as a PDF-file on email.

More Definitions of Required Ratio

Required Ratio the footnote which shall read as follows: "Subject to Sections 5.3a and 5.3b of the Agreement.".

Required Ratio shall have the meaning set forth in Section 10.12.

Required Ratio means the largest of the following

Required Ratio means (a) if the Mezzanine Loan has not been paid off in full pursuant to the terms of the Mezzanine Loan Documents, 1.10 to 1.00 and (b) if the Mezzanine Loan has been paid off in full pursuant to the terms of the Mezzanine Loan Documents 1.70 to 1.00.

Required Ratio means 1.25 to 1.00.

Required Ratio. Not more than 3.0:1.0

Required Ratio means (x) the total of all interest bearing indebtedness for borrowed money less all Amounts Payable under this Note and under the other Seller Subordinated Note divided by (y) all Amounts Payable under this Note and under the Other Seller Subordinated Note plus net worth.