Gearing Ratio. Date of this Agreement to the first anniversary of the date of this Agreement 3:50:1 The first anniversary of the date of this Agreement to second anniversary of the date of this Agreement 3:50:1 Second anniversary of the date of this Agreement to third anniversary of the date of this Agreement 3:25:1 Third anniversary of the date of this Agreement to the fourth anniversary of this Agreement 3:25:1 From the fourth anniversary of the date of this Agreement 3:00:1
Gearing Ratio. The Consolidated Financial Indebtedness of the Parent shall not at any time be more than 35.0% of the Total Capital.
Gearing Ratio. The Borrower must ensure that its Gearing Ratio at the end of each Measurement Period ending after the Utilisation Date, is less than 5.0 to 1.
Gearing Ratio. Taking into consideration the payment of all Shareholder Contributions to the Borrower (including discretionary contributions of equity made pursuant to Section 2.8 (Shareholder Contributions in Excess of the Support Obligations), the Gearing Ratio shall not at any time exceed the Maximum Gearing Ratio.
Gearing Ratio. The ratio of Consolidated Total Debt to Equity shall not at any time exceed 0,5:1.
Gearing Ratio. Net Senior Debt as at 30 June and 31 December in each year does not exceed:
(i) prior to the Trigger Date, 350% of Guaranteeing Group EBITDA; and
(ii) on and from the Trigger Date, 375% of Guaranteeing Group EBITDA, in each case when calculated for the period of 12 months ending on that date provided that the Issuer will not, and will procure that each other member of the Guaranteeing Group will not, without the prior written consent of the Supervisor, provide or agree to provide to any financier an equivalent gearing ratio which is more extensive or more onerous than that set out in this clause unless the benefit of that ratio is extended to the Holders;
Gearing Ratio on each Test Date which falls during a period set out below, the Gearing Ratio shall not exceed the ratio set out opposite that period: PERIOD RATIO -------------------------------------- ---------- The date of this agreement to 30/06/05 3.50 times ----------------------------------------------------- 01/07/05 and thereafter 3.25 times -----------------------------------------------------
Gearing Ratio. Total Debt was [***] and Consolidated Tangible Net Worth was [***], therefore, the Gearing Ration was [***];
Gearing Ratio. For illustrative purposes, based on the Group latest announced results as at 31 March 2019, the gearing ratio is expected to decline from 0.44 times to 0.30 times.
Gearing Ratio. The Borrower will not permit the Gearing Ratio at any time to be greater than 1:2.
