Minimum Equity Ratio. The Equity Ratio of the Guarantor (on a consolidated basis) is [·]%. The Guarantor (on a consolidated basis) shall at all times during the Security Period maintain an Equity Ratio of minimum twenty-five per cent (25%). The covenant in Clause 14.2.5 (Minimum Equity Ratio) is thus [not] satisfied.
Minimum Equity Ratio. The Book Equity of KNOT Offshore Partners LP (on a consolidated basis) to Total Assets is less than 30 %.
Minimum Equity Ratio. The Minimum Equity Ratio of the Borrower on a consolidated basis on the last day of each financial quarter shall be at least 20%.
Minimum Equity Ratio. XXXX shall at all times from (and including) the time when it has acceded to this Agreement as a Replacement Guarantor in accordance with Clause 28.2 (XXXX as Replacement Guarantor) have a ratio of Book Equity to Total Assets greater than 30%.
Minimum Equity Ratio. The ratio of Total Equity to Total Assets of KNOT Offshore Partners LP (on a consolidated basis) measured at the end of each of its financial quarters (starting with the financial quarter ending 30 June 2014) is less than 0.30.
Minimum Equity Ratio. The Issuer shall ensure that the Group maintains an Equity Ratio of minimum 35%. This minimum equity ratio requirement shall apply at all times, but will be tested on each Quarter Date, and reported to the Bond Trustee in connection with the Issuer’s quarterly reporting, and on 31 December and reported to the Bond Trustee in connection with the Issuer’s annual reporting.
Minimum Equity Ratio. Book Equity is [ ]. Total Assets is [ ]. The ratio of Book Equity to Total Assets is therefore [ ]. The required Equity Ratio is minimum [twenty-two point five per cent. (22.5%)]/[twenty-five per cent. (25%)].
Minimum Equity Ratio. Formula: The ratio of Equity as reported divided by total consolidated assets shall amount to a minimum of: 33% Per 31 December 2009 35% Per 30 June 2010 40% Per 31 December 2010 and thereafter Schedule 8 to the Credit Facility Agreement To: Agent From: [Proposed Additional Lender] [Place, Date] This transfer certificate (this "Certificate") relates to a credit facility agreement dated as of 3 October 2009 and made between Kudelski S.A., Credit Suisse as Lender, Arranger and Agent and Banque Cantonale Vaudoise as Lender and Arranger (together with Credit Suisse the Original Lenders) (the "Facility Agreement"). Terms defined in the Facility Agreement shall, unless otherwise defined in this Certificate, have the same meanings when used in this Certificate.
Minimum Equity Ratio. The Group (on a consolidated basis) shall (i) at all times from the date of this Agreement and until 31 December 2014 (or the date KNOT ceases to be a Guarantor under this Agreement should it come earlier) have a ratio of Book Equity to Total Assets greater than 22.5%, and (ii) at all times thereafter until KNOT ceases to be a Guarantor under this Agreement have a ratio of Book Equity to Total Assets greater than 25%.
Minimum Equity Ratio. The Equity Ratio of the Parent Guarantor and its Subsidiaries shall not at any time be less than (i) 0.2:1, from the Agreement Date through December 31, 1998, and (ii) 0.3:1 thereafter; provided, however, (A) if at any time after December 31, 1998 the Adjusted Equity Ratio is equal to or greater than 0.3:1, then the Equity Ratio during any such period shall not at any time be less than 0.25:1 and provided, further, (B) if prior to December 31, 1999 the Parent Guarantor or any of its Subsidiaries makes a Significant Acquisition, then from the Significant Acquisition Date through the earlier of (x) June 30, 2000 and (y) six (6) months after such transaction is consummated, during any period for which the Adjusted Equity Ratio is equal to or greater than 0.3:1, the Equity Ratio shall for such period not be less than 0.20
:1. For purposes of this Section 8(a), the "Adjusted Equity Ratio" shall mean, at any time, the ratio of (A) the sum of (I) the Net Worth of the Parent Guarantor and its Subsidiaries on a consolidated basis plus (II) 50% of the aggregate principal amount of Subordinated Indebtedness outstanding at such time to (B) the total value of the assets of the Parent Guarantor and its Subsidiaries on a consolidated basis as shown on the Parent Guarantor's then most recent quarterly consolidated balance sheet.
