Funded Debt to Capitalization Ratio. The Company shall not at any time permit Consolidated Funded Debt to exceed sixty-five percent (65%) of Consolidated Total Capitalization.
Funded Debt to Capitalization Ratio. Cascades must maintain at all times, on an Adjusted Consolidated Basis, a Funded Debt to Capitalization Ratio of not more than 65%.
Funded Debt to Capitalization Ratio. The Borrower will not permit its Funded Debt to Capitalization Ratio for any Measurement Period to exceed sixty-five percent (65%). §8.2.
Funded Debt to Capitalization Ratio. The Borrowers shall not at any time permit the ratio of (a) Funded Debt to (b) the sum of Funded Debt plus Consolidated Net Worth to exceed 65%.
Funded Debt to Capitalization Ratio. The Company will not permit its Capitalization Ratio to be greater than fifty-five percent (55%) at any time during the term hereof.
Funded Debt to Capitalization Ratio. Maintain, as of the last day of each fiscal quarter of Borrower, on a consolidated basis, a ratio of Funded Debt to Capitalization not exceeding 65%.
Funded Debt to Capitalization Ratio. At the relevant time of reference thereto, the ratio of (a) Funded Debt of the Borrower and its Subsidiaries calculated on a consolidated basis to (b)
Funded Debt to Capitalization Ratio. For any Measurement Period, the ratio of (a) Funded Debt of the Borrower and its Subsidiaries calculated on a consolidated basis as at the last day of such Measurement Period to (b) Consolidated Capitalization as at the last day of such Measurement Period. Generally Accepted Accounting Principles. Accounting principles that are consistent with the principles promulgated or adopted by the Financial Accounting Standards Board and its predecessors in effect for the fiscal year of the Borrower ended on the Balance Sheet Date, and to the extent consistent with such principles, the accounting practices of the Borrower reflected in its financial statements for the fiscal year ended on the Balance Sheet Date; provided that a certified public accountant would, insofar as the use of such accounting principles is pertinent, be in a position to deliver an unqualified opinion (other than a qualification regarding changes in generally accepted accounting principles) as to financial statements in which such principles have been properly applied.
Funded Debt to Capitalization Ratio. The Borrower and its Subsidiaries will maintain at all times prior to the Subordinated Debt Incurrence Date, on a consolidated basis, a Funded Debt to Capitalization Ratio of not greater than 0.40 to 1.00. The Funded Debt to Capitalization Ratio shall be calculated and tested quarterly as of the last day of each Fiscal Quarter.
Funded Debt to Capitalization Ratio. Borrower will not at any time permit the ratio of (a) Funded Debt of the Companies to (b) the sum of Funded Debt of the Companies, plus Consolidated Net Worth to be greater than seventy percent (70%) prior to June 29, 1998, and sixty-five percent (65%) thereafter.
