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. 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. 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. Net Senior Debt as at 30 June and 31 December in each year does not exceed:
Gearing Ratio. The Consolidated Financial Indebtedness of the Parent was [*] and Consolidated Tangible Net Worth of the Parent was [*], the Total Capital was [*] such that the Consolidated Financial Indebtedness of the Parent was [*] per cent. of the Total Capital and that the requirements of clause 23.2(b) (Gearing Ratio) have been met.
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. The Borrower will not permit the Gearing Ratio at any time to be greater than 1:2.
