Debt to Total Capitalization. Incur Funded Debt of the Company and its Subsidiaries so that the ratio of Debt of the Company and its Subsidiaries to Total Capitalization is greater than 0.4 to 1.0.
Debt to Total Capitalization. Permit the Debt-to-Total Capitalization Ratio of Essent to exceed (i) at any time that Essent maintains an Investment Grade Rating, 0.30 to 1.00 and (ii) at all other times, 0.25 to 1.00.
Debt to Total Capitalization. (a) The ratio of (i) Funded Debt to (ii) Consolidated Total Capitalization shall not exceed 0.58:1 at any time; and
(b) The ratio of (i) Funded Debt to (ii) Consolidated Total Capitalization shall not exceed 0.55:1 at the end of any two consecutive fiscal quarters of the Borrower.
Debt to Total Capitalization. The Company shall not permit the Debt to Total Capitalization Ratio to exceed .20:1 as of the end of any fiscal quarter (commencing with the fiscal quarter ended December 31, 2006).
Debt to Total Capitalization. The ratio of Funded Debt to Consolidated Total Capitalization shall not at any time exceed (a) 0.62:1 from March 6, 1998 through December 31, 1998 or (b) 0.58:1 thereafter.
Debt to Total Capitalization. Maintain at all times a ratio of Adjusted Debt (as defined below) to Total Capitalization (as defined below) of not more than 0.68 to 1.
Debt to Total Capitalization. The Borrower will not permit the ratio of its Debt to Total Capitalization to be greater than 0.4 to 1.0 at any time.
Debt to Total Capitalization. Debt to Total Capitalization shall not exceed fifty percent (50%), based on the greater of: a) book value of partners’ capital, or b) Borrower’s closing Unit Price at the end of each quarter multiplied by the number of units outstanding, so long as Borrower is publicly traded.”
2. The definition of Total Capitalization in Annex II of the Agreement is hereby amended to read as follows: “Total Capitalization - means Debt, plus the greater of: a) book value of partners’ capital, or b) Borrower’s closing Unit Price at the end of each quarter in question, multiplied by the number of units outstanding.”
Debt to Total Capitalization. Debt to Total Capitalization shall not exceed fifty percent (50%) on a market value basis, based on Borrower’s Closing Unit Price at the end of each quarter, so long as Borrower is publicly traded.
Debt to Total Capitalization. At the end of each fiscal quarter (including the fourth fiscal quarter) of the Parent, cause the ratio of (a) Debt for Borrowed Money of the Parent and its Subsidiaries to (b) Total Capitalization to be not more than (i) 0.75:1.00 (75%) with respect to each fiscal quarter during Fiscal Year 2003, (ii) 0.72:1.00 (72%) with respect to each fiscal quarter during Fiscal Year 2004 and (iii) 0.72:1.00 (72%) with respect to each fiscal quarter during Fiscal Year 2005.
