Consolidated Indebtedness to Capitalization Ratio. With respect to each Borrower, permit the Consolidated Indebtedness to Capitalization Ratio of such Borrower as of the end of any fiscal quarter of such Borrower to be greater than 0.65:1.00.
Consolidated Indebtedness to Capitalization Ratio. The Borrower will not permit the Consolidated Indebtedness to Capitalization Ratio to exceed 0.65 to 1.00, at the end of any fiscal quarter.
Consolidated Indebtedness to Capitalization Ratio. The Company will not permit its Consolidated Indebtedness to Capitalization Ratio to be greater than 0.65:1.00 as of the end of any fiscal quarter.” ARTICLE SIX
Consolidated Indebtedness to Capitalization Ratio. (i) so long as the Debt Rating of the Parent is at least BBB- and Baa3 from S&P and Xxxxx’x, respectively, in each case with at least stable outlook, permit the Consolidated Indebtedness to Capitalization to be greater than 0.60:1.00 and (ii) if at any time the Debt Rating of the Parent is lower than as set forth in the preceding clause (i), permit the Consolidated Indebtedness to Capitalization Ratio as of the end of any Measurement Period set forth below to be greater than the ratio set forth below opposite such Measurement Period: Four Fiscal Quarters Ending Maximum Consolidated Indebtedness to Capitalization Ratio March 31, 2007 through December 31, 2007 0.60:1.00 March 31, 2008 through December 31, 2008 0.55:1.00 March 31, 2009 through December 31, 2009 0.50:1.00 March 31, 2010 and each fiscal quarter thereafter 0.45:1.00
Consolidated Indebtedness to Capitalization Ratio. Permit the Consolidated Indebtedness to Capitalization Ratio as of the end of any fiscal quarter of the Borrower to be greater than 0.5 to 1.0. With respect to any period during which a Permitted Acquisition or an asset sale has occurred (each, a "Subject Transaction"), for purposes of determining compliance with the financial covenants set forth in this Section 7.13, Consolidated EBITDA and the components of Consolidated Cash Interest Charges shall be calculated with respect to such period on a pro forma basis (including pro forma adjustments arising out of events which are directly attributable to a Subject Transaction, are factually supportable and are expected to have a continuing impact, in each case determined on a basis consistent with Article 11 of Regulation S- X promulgated under the Securities Act of 1933, as amended from time to time, and any successor statute, and as interpreted by the staff of the Securities and Exchange Commission, which would include cost savings resulting from head count reduction, closure of facilities and similar restructuring charges, which pro forma adjustments shall be certified by the chief financial officer of the Borrower) using the historical audited, if available, financial statements of any business so acquired or to be acquired or sold or to be sold and the consolidated financial statements of the Borrower and its Subsidiaries which shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith, had been consummated or incurred or repaid at the beginning of such period (and assuming that such Indebtedness bears interest during any portion of the applicable measurement period prior to the relevant acquisition at the weighted average of the interest rates applicable to outstanding Loans incurred during such period).
Consolidated Indebtedness to Capitalization Ratio. Permit the Consolidated Indebtedness to Capitalization Ratio as at the last day of any fiscal quarter of the Borrower, commencing with the first fiscal quarter ending after the Closing Date, to exceed 0.6 to 1.0.
