Trading Ratio definition
Trading Ratio means the mass of a pollutant that must be reduced to receive a water quality credit.
Trading Ratio means a fraction, not less than 1.0, the numerator of which is the volume-weighted average trading price of one share of AgeX’s common stock on its principal Specified Trading Market for the twenty (20) trading days prior to the pricing of the Qualified Initial Public Offering (or such shorter number of days during which the common stock of AgeX shall have been listed on a Specified Trading Market), and the denominator of which shall be $3.00.
Trading Ratio means a unit of pollutant reduced from a nonpoint source in relation to a unit of pollutant that would be required to be reduced from a regulated point source that uses on-site treatment action or upgrade. Trading ratios are a way of addressing uncertainty associated with expected reductions from nonpoint source controls. A trading ratio establishes a greater uncertain value of nutrient pollutant load reduction from the nonpoint source than a known and more readily quantifiable value of the nutrient pollutant load reduction from the “end-of-pipe” point source.
More Definitions of Trading Ratio
Trading Ratio means the ratio of (i) cash plus net accounts receivable plus ---- ---- retentions plus the total value of inventory plus prepaid expenses plus costs in ---- ---- ---- excess of ▇▇▇▇▇▇▇▇ to (ii) the outstanding principal balance under this -- Agreement plus accounts payable plus accrued expenses plus cash taxes payable ---- ---- plus ▇▇▇▇▇▇▇▇ in excess of costs. ----
Trading Ratio means the Borrower's Trading Assets (the sum of cash, accounts receivable and inventory) divided by the Borrower's Trading Liabilities (the sum of accounts payable, outstandings on the Bank credit line and deferred revenue).
e. Maintain all significant bank deposit accounts and banking relationship with Bank.
f. On a weekly basis, deliver to Bank sales and cash receipts together with a borrowing base certificate. Within 10 days from each month-end, deliver to Bank an accounts receivable aging reconciled to the general ledger of Borrower, a detailed accounts payable aging reconciled to the Borrower's general ledger and setting forth the amount of any book overdraft or the amount of checks issued but not sent and an inventory certification outlining both inventory composition and activity for the month. All the foregoing will be in a form and with such detail as Bank may request from time to time.
g. Within 30 days after the end of each month, deliver to Bank a profit and loss statement and a balance sheet in form satisfactory to Bank all certified by an officer of Borrower, and a letter certifying compliance with all loan covenants signed by the Chief Financial Officer of Borrower.
h. Position Statement, prepared on an audited basis by an independent certified public accountant selected by Borrower, but acceptable to Bank.
i. On a quarterly basis, provide Bank with an alphabetized list of customers including addresses.
j. Guarantor shall provide annually updated financial statements within 90 days of Guarantor's FYE.
Trading Ratio is defined as the sum of all domestic and foreign Accounts Receivable and Inventory divided by the sum of financial statement total of Accounts Payable plus the outstanding balance of the Line of Credit Note (inclusive of outstanding letters of credit). As used herein, Accounts Receivable and Inventory shall have the meanings ascribed to such terms by Article 9 of the Uniform Commercial Code in effect in the State of Washington.