[Maximum Indebtedness to Net Worth Ratio Sample Clauses

[Maximum Indebtedness to Net Worth Ratio. As of the date hereof, Project Company shall have a ratio of Indebtedness to Net Worth that is equal to or less than [2:1] (the “Maximum Indebtedness to Net Worth Ratio”).]
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[Maximum Indebtedness to Net Worth Ratio. As of the end of each Fiscal Quarter commencing March 31, 1996, the Indebtedness to Net Worth Ratio shall not exceed 2.25 to 1.0.
Sample 1
[Maximum Indebtedness to Net Worth Ratio. As of the end of each fiscal quarter commencing March 31, 1998, the Indebtedness to Net Worth Ratio shall not exceed 2.5:1.0. "Indebtedness to Net Worth Ratio" shall mean on any date for which the same is to be determined, the ratio of (i) indebtedness of the Borrower less the amount of 1)contingent liabilities incurred due to the Borrower's outstanding Letters of Credit under the IBJ Loan Agreement (hereinafter defined), and 2)operating leases permitted under Borrower's current or any future Loan Agreement or Credit Agreement with IBJ Schroeder (the "IBJ Loan Agreement"), to (ii) Net Xxxxx determined as at such date.
Sample 1

Related to [Maximum Indebtedness to Net Worth Ratio

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Debt to Worth Ratio To maintain at all times, on a consolidated basis, a ratio of Total Liabilities to Tangible Net Worth not exceeding 1.10 to 1.00.

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2017, to exceed the ratio set forth below with respect to such fiscal quarter: Fiscal Quarter Maximum Total Leverage Ratio Fiscal quarter ending September 30, 2017 5.50 to 1.00 Fiscal quarter ending December 31, 2017 4.50 to 1.00 Fiscal quarter ending March 31, 2018 4.50 to 1.00 Fiscal quarters ending June 30, 2018 and thereafter 3.00 to 1.00

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 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.

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, commencing with the fiscal quarter ending March 31, 2013, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

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