Debt-Equity Ratio. The ratio of the Company’s debt to equity must not at any time exceed [ / ]. For the purposes of this Section:
Debt-Equity Ratio. (i) The Borrower shall have provided evidence to the satisfaction of the Lenders that the ratio of Debt to Equity for meeting the Project Cost does not exceed 75:25. The Facility Agent shall have received a certificate from an Authorized Officer of the Borrower confirming that the Debt to Equity ratio of the Borrower would not exceed 75:25 after the relevant Drawdown. For the purpose of calculating Debt to Equity ratio, any Cost Overrun which has been funded by way of subscription to Equity shall be excluded.
(ii) The Facility Agent shall have received a certificate each from: (a)
(iii) The Borrower shall have complied with the provisions of Section 8.9 (ii) of this Agreement.
(iv) For the purpose of calculating the ratio under this Section 7.3.3:
(a) any Equity invested by or in the Borrower other than for the purposes of the Project or any equity/ shareholding of the Borrower in any Person shall be excluded, and
(b) the calculation of Equity for the purposes of this Section 7.3.3 shall be done on an unconsolidated basis. By way of illustration, if Rs. 100 is invested into the Borrower by way of equity, of which Rs. 40 is used by the Borrower to subscribe to shares of its subsidiary, only the remainder Rs. 60 shall be used for the purposes of calculating Equity under this Section 7.3.3.
Debt-Equity Ratio. The Company shall not permit the ratio of (i) consolidated Indebtedness of the Company and its Subsidiaries (excluding Indebtedness incurred by Hermes Europe Railtel B.V. ("Hermes") identified on Schedule A ("Hermes Debt")) to (ii) consolidated shareholders' equity of the Company and its Subsidiaries, (including Hermes equity and minority interests determined in accordance with GAAP) computed in accordance with GAAP (except as provided herein), at any time to be greater than the ratio set forth with respect to any quarter in the table below: Quarter Ending Fiscal Year March 31 June 30 Sept. 30 Dec. 31 ----------- -------- ------- -------- ------- 1995 -- -- -- -- 1996 65% 65% 65% 65% 1997 and Subsequent 60% 60% 60% 60% Years 60% 60% 60% 60%
Debt-Equity Ratio. The debt equity ratio of the Company prior to and after the issue of the Debentures is/ will be as may be mentioned in the respective Disclosure Document.
Debt-Equity Ratio. The Company shall maintain a Debt/Equity Ratio of no greater than 1.5 to 1, that is, for every S$1 of Total Shareholder Funds, there shall not be more than S$1.50 of
Debt-Equity Ratio. The debt-equity ratio as on the date of Commercial operation shall be taken as 70:30 for determination of tariff irrespective of the actual quantum of debt and equity.
Debt-Equity Ratio. Borrower shall not permit the Debt-Equity Ratio to exceed 80:20 at any time during the life of the Facility, provided that Borrower shall in no event permit its debt- equity ratio calculated pursuant to the rules and regulations of the Central Bank to exceed the ratio from time to time required to be maintained by Borrower under such rules and regulations.
Debt-Equity Ratio. Permit the Debt/Equity Ratio to exceed 50:50.
Debt-Equity Ratio. IPFF expects the ratio to be maximum of 10 times for PFIs operating for at least 5 years and 5 times for PFIs operating for less than 5 years (but not less than 3 years). Noted Points: • The PFIs must consider lease advances, lease deposits, term deposits as liabilities. • Non-monetary liabilities such as deferred liabilities should be excluded. • Current liabilities such as payable and accrued expenses should not be included.
Debt-Equity Ratio. The Members will try to assure that the Company's debt to equity ratio does not exceed 1:1. If such debt to equity ratio exceeds 1:1, the Members will meet and try to establish a plan to reduce the ratio.
