Reserve Tail Ratio definition

Reserve Tail Ratio means for any calculation date, the quotient obtained by dividing (a) all of the Borrower’s remaining Proved Reserves as of such calculation date by (b) all of the Borrower’s Proved Reserves as of the date of this Agreement.
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Reserve Tail Ratio means the ratio expressed as a percentage of:
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Reserve Tail Ratio means as of any date of determination, the ratio of (a) the then-current forecasted production of gold from the Project from the scheduled Maturity Date through the remainder of the life of the mine as set forth in the Base Case Financial Model to (b) the gold originally forecasted to be produced from the Project for the life of the mine in the initial Base Case Financial Model utilizing the proven and probable reserves based on the assumed metals price used by the Borrower in its reserves calculations for the most recent ended Fiscal Year and verified and accepted by the Independent Technical Consultant.
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Examples of Reserve Tail Ratio in a sentence

  • From January 2021, net working capital excluding credit facility amounts due and warrant liabilities, is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000;(iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021;(iv) the Total Debt to Equity Ratio is less than 60 to 40;(v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and(vi) the Reserve Tail Ratio is greater than 30%.

  • Tetra4 is required to maintain at all times i) a ratio of all interest bearing Debt to EBITDA of not more than 3.0 to 1; (ii) a ratio of Current Assets to Current Liabilities of not less than 1 to 1; and (iii) a Reserve Tail Ratio of not less than 25%.

  • Tetra4 is required to maintain at all times i) a ratio of all interest-bearing Debt to EBITDA of not more than 3.0 to 1; (ii) a ratio of Current Assets to Current Liabilities of not less than 1 to 1; and (iii) a Reserve Tail Ratio of not less than 25%.

  • Reserve Tail Ratio): will exceed 30%.There have been no breaches of these ratios.

  • Reserve Tail Covenant As at 31 December and 30 June or any other date as at which the Group updates its Reserves Report, the Reserve Tail Ratio must exceed 30%.

  • From January 2021, net working capital is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000:(iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021:(iv) the Total Debt to Equity Ratio is less than 60 to 40:(v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and(vi) the Reserve Tail Ratio is greater than 30%.

  • From January 2021, net working capital excluding credit facility amounts due is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000: (iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021: (iv) the Total Debt to Equity Ratio is less than 60 to 40: (v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and (vi) the Reserve Tail Ratio is greater than 30%.

  • The Borrower shall at all times maintain the Reserve Tail Ratio to be greater than 30%.

  • Reserve Tail Ratio): will exceed 30%.There have been no breaches of these ratios.d) The total assets of the entities over which security exists amounts to $879.995m.

  • IMO COMMENTS:While the employer sought core hours of 39 per week and the ability to roster core hours 24/7, the above does represent significant change to working patterns of consultants.When considering whether to switch contract or take up a post in the health services it is important that each individual understands the employer obligations in relation to rostering in line with the contractual provisions and the principles of rostering.


More Definitions of Reserve Tail Ratio

Reserve Tail Ratio means, as of any particular date, the ratio expressed as a percentage of (A) the then current forecasted production from the Project of the aggregate of ounces of gold and silver through the remainder of the Life of Mine as set forth in the Base Case Financial Model divided by (B) the total forecasted production for the aggregate of ounces of gold and silver forecast to be produced from the Project for the Life of Mine as set forth in the Initial Base Case Financial Model. For the purposes of this definition, production of Product shall be calculated in the manner set forth in the Base Case Financial Model utilizing the Proven and Probable Reserves verified and accepted by the Independent Technical Consultant.
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Reserve Tail Ratio. Percentage of Reserves projected to remain in the ground when the Facility is repaid, to the Reserves in the ground at the date of first drawdown. The Reserve Statement prepared by the Borrower and confirmed by the Independent Technical Consultant relating to the mining operations is to be in a form and substance satisfactory to the Lenders, showing a number of tons of ore and metal grades as proven and probable reserves as defined under Nl 43-101 or as agreed by the Lenders. The Development Plan shall be reconciled to this reserve statement.
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Reserve Tail Ratio means, as of any particular date, the ratio expressed as a percentage of (a) the then current forecasted consolidated production of ounces of contained gold from the Proven and Probable Reserves for the Timmins/Thunder Creek Mine Complex and the Xxxx Creek Complex from the Maturity Date through the remainder of the Life of Mine as set forth in the Base Case Financial Model divided by (b) the remaining Proven and Probable Reserves for contained gold forecast to be produced from the relevant Projects for the Life of Mine as set forth in the Base Case Financial Model. For the purposes of this definition, production of gold shall be calculated in the manner set forth in the Base Case Financial Model utilizing the Proven and Probable Reserves for the Timmins/Thunder Creek Mine Complex and the Xxxx Creek Complex verified and accepted by the Independent Engineer.
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Reserve Tail Ratio means, on any date of determination and expressed as a percentage, the ratio of (a) projected payable silver equivalents contained in ore reserves projected to exist on the Maturity Date to (b) total payable silver equivalents contained in life of mine ore reserves as of the date of determination as described in then-effective Long-Term Plan.
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Reserve Tail Ratio means, as of any particular date, the ratio expressed as a percentage of (i) the then current forecasted consolidated production of ounces of contained gold from the Proven and Probable Reserves from the Maturity Date through the remainder of the Life of Mine as set forth in the Base Case Financial Model divided by (ii) the remaining Proven and Probable Reserves for contained gold forecast to be produced from the Projects for the Life of Mine as set forth in the Base Case Financial Model. For the purposes of this definition, production of gold shall be calculated in the manner set forth in the Base Case Financial Model utilizing the Proven and Probable Reserves verified and accepted by the Independent Engineer.
Sample 1
Reserve Tail Ratio means at any Calculation Date, the ratio (expressed as a percentage) of A:B where:
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Related to Reserve Tail Ratio

  • Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of such date to (b) EBITDA of the Company and its Restricted Subsidiaries for the most recently ended Test Period on or prior to such date, in each case with such pro forma adjustments as are consistent with the pro forma adjustments set forth in the definition of “Interest Coverage Ratio.”