Consolidated Funded Debt Ratio Sample Clauses
The Consolidated Funded Debt Ratio clause defines a financial metric that measures the proportion of a company's total funded debt relative to its consolidated financial figures, typically total capitalization or EBITDA. This ratio is calculated by aggregating all long-term debt obligations across the consolidated group and comparing them to a specified financial benchmark, such as earnings or assets. For example, it may be used in loan agreements to ensure the borrower maintains a certain level of financial stability by not exceeding a set ratio. The core function of this clause is to provide lenders with a tool to monitor and limit the borrower’s leverage, thereby managing credit risk and promoting fiscal responsibility.
Consolidated Funded Debt Ratio. There shall be maintained as of the end of each fiscal quarter, as determined for the four fiscal quarter period preceding the date of determination, a Consolidated Funded Debt Ratio of not greater than 4.0:1.0.
Consolidated Funded Debt Ratio. There shall be maintained as of the end of each fiscal quarter to occur during the periods shown below a Consolidated Funded Debt Ratio of not greater than: Period From the Closing Date through June 30, 1998 5.00:1.0 July 1, 1998 through June 30, 2000 4.25:1.0 July 1, 2000 and thereafter 3.50:1.0
Consolidated Funded Debt Ratio. The Borrower shall not permit the Consolidated Funded Debt Ratio as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending on or closest to December 31, 2000) occurring during any period set forth below to be greater than the ratio set forth opposite such period: Consolidated Period Funded Debt Ratio ------ ----------------- The Fiscal Quarter beginning on or 3.50 to 1 closest to January 1, 2000 through (and including) the Fiscal Quarter ending on or closest to December 31, 2000 The Fiscal Quarter beginning on or 2.75 to 1 closest to January 1, 2001 through (and including) the Fiscal Quarter ending on or closest to September 30, 2001 4.25 to 1 The Fiscal Quarter beginning on or closest to October 1, 2001 through (and including) the Fiscal Quarter ending on or closest to September 30, 2002 The Fiscal Quarter beginning on or 4.00 to 1 closest to October 1, 2002 and thereafter
Consolidated Funded Debt Ratio. As of the last day of each fiscal ------------------------------ quarter Consolidated Funded Debt of UDRT shall not exceed 60% of Tangible Fair Market Value of Assets.
Consolidated Funded Debt Ratio. Consolidated Funded Indebtedness (incl. Letters of Credit, Capitalized Leases, Amounts Outstanding Under Product Acquisition Agreements, etc.)
Consolidated Funded Debt Ratio. As of the last day of each fiscal quarter, based on the preceding two (2) fiscal quarters, annualized, Consolidated Funded Debt to Gross Asset Value shall not exceed 60%.
Consolidated Funded Debt Ratio. Permit the Consolidated Funded Debt Ratio as of the last day of any Measurement Period of the Borrowers to be greater than 3.25 to 1.00; provided, however, that if any Material Acquisition has been consummated during such period, then the maximum Consolidated Funded Debt Ratio (i) may, at the election of the Borrowers, be increased to 3.50 to 1.00 for the period beginning on the closing date of the last such Permitted Acquisition and ending on the last day of the fourth fiscal quarter following such closing date (with the fiscal quarter in which such closing date occurs counting as the first of such four fiscal quarters), and (ii) shall be decreased to 3.25 to 1.00 for all periods thereafter. The Borrowers may exercise the option set forth in the proviso above from time to time.
Consolidated Funded Debt Ratio. The ratio of (i) Consolidated Funded Debt to (ii) Gross Asset Value, will not exceed 0.625 to 1.0 at any time; provided, however, that if such ratio is greater than 0.625 to 1.0 but less than 0.675 to 1.0, then such failure to comply with the foregoing covenant shall not constitute a Default or Event of Default so long as such ratio ceases to exceed 0.625 to 1.00 within 180 days following the date such ratio first exceeded 0.625 to 1.00.”
Consolidated Funded Debt Ratio. Section 15.06 of the Master Agreement is hereby deleted in its entirety and replaced with the following:
Consolidated Funded Debt Ratio. Consolidated Funded Debt shall not at any time exceed 60% of Consolidated Adjusted Capitalization.