Ratio of Consolidated Debt to Total Capitalization. A. Consolidated Debt of the Borrower and its Consolidated Subsidiaries at Statement Date: $
B. Total Capitalization of the Borrower and its Consolidated Subsidiaries at Statement Date:
1. Shareholders’ Equity at Statement Date: $
2. Consolidated Debt (Line A. above): $
3. Total Capitalization (Lines B.1. + B.2.): $
C. Ratio of Consolidated Debt to Total Capitalization (Line A. ÷ Line B.3.): $ This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]2 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each] Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreemen...
Ratio of Consolidated Debt to Total Capitalization. Permit the ratio of Consolidated Debt to Total Capitalization at any time to be greater than 0.65 to 1.00.
Ratio of Consolidated Debt to Total Capitalization. Permit the ratio of Consolidated Debt to Total Capitalization at any time to be greater than 0.65 to 1.00; provided, however, that if in connection with a Specified Acquisition, (i) Consolidated Debt has increased as a result of such Specified Acquisition from the amount thereof immediately prior to such Specified Acquisition and (ii) the Administrative Agent has received a Specified Acquisition Notice within ten days after consummation of such Specified Acquisition, then, for a period of 180 consecutive days following the consummation of such Specified Acquisition, the additional Consolidated Debt incurred or assumed in connection with such Specified Acquisition shall be excluded from Consolidated Debt for purposes of calculating the ratio of Consolidated Debt to Total Capitalization so long as such ratio, if calculated without such exclusion, would not exceed 0.75 to 1.00; provided further however, that such additional Consolidated Debt shall not be excluded from such ratio if in connection with the related Specified Acquisition, the Borrower’s Debt Rating is suspended, withdrawn or reduced to below the Reference Level. For purposes of calculating the ratio of Consolidated Debt to Total Capitalization, Consolidated Debt shall exclude Hybrid Securities to the extent such excluded amount does not exceed 15% of Total Capitalization at such time. For purposes of this Section 7.06:
Ratio of Consolidated Debt to Total Capitalization. (1) Consolidated Debt: = __________
(2) Consolidated Net Worth: = __________
(3) Total Capitalization ((1)+(2)): = __________
(4) Ratio of Consolidated Debt to Total Capitalization((1):(3)): = __________
Ratio of Consolidated Debt to Total Capitalization. The Company covenants that it shall not permit Consolidated Debt to Total Capitalization to exceed, at any time, 40%. In calculating Consolidated Debt for purposes of this covenant only, the Company will be allowed to deduct from Consolidated Debt an amount equal to the Company's cash and marketable securities on the date of determination up to, and to the extent of, such Consolidated Debt as may be prepaid by the Company at such time without penalty or premium provided, -------- however, that if such Consolidated Debt were so prepaid, (a) such prepayment would not conflict with, or result in a breach of the terms, conditions or provisions of, or constitute a default under, or create any obligation under, any instrument evidencing Debt of the Company or its Subsidiaries or any other agreement of the Company or its Subsidiaries and (b) no Default or Event of Default would exist or result therefrom.
Ratio of Consolidated Debt to Total Capitalization. Consolidated Debt of the Borrower and its Consolidated Subsidiaries at Statement Date: $
