Owners’ Equity Ratio. Borrower will maintain an Owner’s Equity Ratio of (a) at least fifty percent (50%) as of December 31, 2011 (the “Baseline Date”), and (b) on December 31st of each year thereafter (each, a “Determination Date”), at least the percentage that is equal to the sum of (x) fifty percent (50%) plus (y) the product of (A) two percent percentage points (2%) multiplied by (B) the number of years that have elapsed from the Baseline Date to the applicable Determination Date; provided, however, that the required Owner’s Equity Ratio for any Determination Date shall not exceed seventy percent (70%).
Owners’ Equity Ratio. Borrower must maintain an Owners’ Equity Ratio of at least 42% on the last day of each fiscal year, beginning September 30, 2016, increasing by 2% at each fiscal year end until an Owner’s Equity Ratio of 50% is reached and maintained.
Owners’ Equity Ratio. Borrower must maintain an Owner's Equity Ratio of at least 50% on December 31, 2008, and at all times thereafter.
Owners’ Equity Ratio. Borrower must maintain an Owners’ Equity Ratio of at least (a) 45% on the Closing Date and on December 31, 2007, (b) 47% on December 31, 2008, (c) 49% on December 31, 2009, and (d) 50% on December 31, 2010, and at all times thereafter.
