Gearing. The Guarantor must ensure that its Total Borrowings are always less than 65% of its Total Assets.
Gearing. The Company must ensure that the ratio of Consolidated Total Net Borrowings (including all Loans disbursed and outstanding) to Consolidated EBITDA is not, at the end of each Measurement Period, greater than 2.5 to 1.
Gearing. The Company must ensure that Consolidated Total Net Borrowings do not at any time exceed 100 per cent. of Consolidated Tangible Net Worth at that time.
Gearing. The Company must ensure that the ratio of (1) Consolidated Total Net Borrowings to (2) Consolidated EBITDA on the last day of each Measurement Period is less than or equal to 3.0:1.
Gearing. Without the prior written approval of the Board, the debt to capital ratio (calculated by reference to current market values) of a Non- New Zealand Portfolio Entity shall not exceed 55%. If it is proposed that the ratio be higher than 55%, the Manager shall provide the Company with a study demonstrating that there is a net benefit to it in the higher gearing. This study shall have specific regard to the relevant asset, the greater financial risks that flow from increased gearing and the higher expected returns to equity.53
Gearing. Imperial shall ensure that the ratio of Consolidated Total Net Borrowings at the end of each Measurement Period ending on or after 1 March 2007 to Consolidated EBITDA for that Measurement Period does not exceed 4.00:1.
Gearing. The Borrower must ensure that Total Borrowings are always less than 65% of Total Assets at that time.
Gearing. Unless waived by the Facility Agent (acting on the instructions of the Majority Lenders which must always include the Mandated Lead Arrangers for so long as they remain Lenders under this Facility) the Borrower must ensure that Total Borrowings are always less than sixty five per cent (65%) of Total Assets at that time.
Gearing. The DA is not expected to have material effects on the gearing of BENALEC for the current financial year ending 30 June 2013. However, the Board of Directors of BENALEC is mindful of maintaining a healthy gearing level of BENALEC.
Gearing. The Shareholders’ Agreement does not have any material impact onto the gearing of ECB.
