Maximum Leverage. The Borrower shall maintain a ratio of Net Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
Appears in 6 contracts
Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Maximum Leverage. The Borrower Guarantor shall maintain a ratio of Net Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
Appears in 3 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Maximum Leverage. The Borrower shall maintain a ratio of Net Debt to Consolidated Total Capitalization Capitalisation of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarterAccounting Period.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.)
Maximum Leverage. The Borrower shall maintain a ratio of Net Consolidated Funded Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
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Maximum Leverage. The Borrower shall maintain a ratio of Net Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
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Maximum Leverage. The Borrower shall maintain a ratio of Net Consolidated Funded Debt to Consolidated Total Capitalization of not more than 0.60 .60 to 1.00, to be tested on the last day of each fiscal quarter.
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Maximum Leverage. The Borrower shall maintain a ratio of Net Consolidated Funded Debt to Consolidated Total Capitalization of not more than 0.60 0.65 to 1.001.0, to be tested on the last day of each fiscal quarter.
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