Funded Debt to Capital Ratio Sample Clauses

Funded Debt to Capital Ratio. Maintain on a consolidated basis a ratio of Funded Debt to Capital not exceeding sixty five percent (65%). Funded Debt shall mean interest bearing debt with maturities of one (1) year or greater less unrestricted cash and short term investments over Four Hundred Thousand Dollars ($400,000). Capital shall mean Funded Debt plus Tangible Net Worth."
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Funded Debt to Capital Ratio. Maintain on a consolidated basis a ratio of Funded Debt to Capital not exceeding 65%. Funded Debt is interest bearing debt. Capital is Funded Debt plus Tangible Net Worth."
Sample 1
Funded Debt to Capital Ratio. The Funded Debt to Capital Ratio will at no time exceed .55 to 1.
Sample 1
Funded Debt to Capital Ratio. Maintain as of the last day of each fiscal quarter of Funded Debt to Capital of not more than: Fiscal Quarter Ended Required Ratio December 31, 1998 and March 31, 1999 0.75:1 June 30, 1999 and thereafter 0.60:1 1.4 In the first sentence of Section 6.4, the "and" immediately preceding clause (ix) is deleted and a new clause (x) is added at the end of the sentence to read as follows: ; and (x) liens and security interests to secure the Additional Working Capital Facility referenced in Section 6.1(vii), provided that any such collateral pledged or securing the Additional Working Capital Facility shall also secure the loans and obligations hereunder and such liens and security interests shall be shared among the Lenders hereunder and the lenders under the Additional Working Capital Facility on a pari passu basis." 1.5 In Section 6.1, clause (vii) is renumbered as (viii) and a new clause (vii) is inserted immediately following clause (vi), to read as follows:
Sample 1
Funded Debt to Capital Ratio. Maintain as of the last day of each fiscal quarter of Funded Debt to Capital of not more than: Fiscal Quarter Ended Required Ratio March 31, 1999 0.75:1 June 30, 1999 0.75:1 September 30, 1999 0.75:1 December 31, 1999 0.75:1 March 31, 2000 0.70:1 June 30, 2000 0.70:1 September 30, 2000 0.70:1 December 31, 2000 0.65:1 March 31, 2001 and thereafter 0.60:1
Sample 1
Funded Debt to Capital Ratio. Maintain as of the last day of each fiscal quarter a ratio of Funded Debt to Capital of not more than 0.60 to 1.
Sample 1
Funded Debt to Capital Ratio. The Borrower shall maintain, on a consolidated basis, as of the end of each fiscal quarter a ratio of Funded Debt to Capital not exceeding .60 to 1.0.
Sample 1
AutoNDA by SimpleDocs
Funded Debt to Capital Ratio. Maintain as of the last day of each fiscal quarter during the periods set forth in the left hand column below a ratio of Funded Debt to Capital of not more than the ratio set forth in the right hand column below: Period Required Ratio ------ -------------- Effective Date through December 31, 1996 0.80:1 January 1, 1997 through December 31, 1997 0.75:1 January 1, 1998 through December 31, 1998 0.70:1 January 1, 1999 through December 31, 1999 0.65:1 January 1, 2000 and thereafter 0.60:1
Sample 1

Related to Funded Debt to Capital Ratio

  • Debt to Capitalization Ratio As of the last day of each fiscal quarter of the Borrower, the Debt to Capitalization Ratio shall be less than or equal to 0.70 to 1.0.

  • Funded Debt to EBITDA Ratio To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 2.0:1.0.

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Debt to EBITDA Ratio Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.

  • Funded Debt Ratio Permit the Funded Debt Ratio, as of the last day of any Fiscal Quarter, to be greater than the ratio set forth below opposite such Fiscal Quarter or the period during which such Fiscal Quarter ends: Period/Fiscal Quarter Maximum Ratio December 31, 2002 3.50:1.00 March 31, 2003 2.60:1.00 June 30, 2003 2.50:1.00 September 30, 2003 2.00:1.00 December 31, 2003 through March 31, 2004 1.75:1.00 April 1, 2004 through December 31, 2004 1.50:1.00

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Total Leverage Ratio The Borrowers will not permit the Total Leverage Ratio on the last day of any fiscal quarter to exceed 3.75 to 1.00.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!