Total Debt to Capitalization. Permit the Total Debt to Capitalization Ratio, expressed as a percentage, to exceed 60% at any time.
Total Debt to Capitalization. As of the end of any fiscal quarter of the Borrower, have a ratio of (i) Total Debt to (ii) Total Capitalization greater than 0.65 to 1.00.
Total Debt to Capitalization. As of the end of each of its fiscal quarters, the Borrower shall maintain a ratio of (i) Covenant Indebtedness to (ii) Capitalization shall not exceed 0.50 to 1.00.
Total Debt to Capitalization. The ratio of Total Debt to Capitalization shall at no time be greater than .50 to 1.
Total Debt to Capitalization. Borrower and its Consolidated Subsidiaries will not suffer or permit at any time, on a consolidated basis, the ratio of (a) Total Funded Indebtedness to (b) Total Funded Indebtedness plus Equity, to exceed (i) .60 to 1.00 on June 30, 1997 through Marcx 00, 0000, (xx) .00 to 1.00 on March 31, 1998 through December 31, 1998, and (iii) .50 to 1.00 on January 1, 1999 and thereafter, based upon Borrower's financial statements for the most recent calendar quarter.
Total Debt to Capitalization. Not permit the ratio of (a) Total Debt to (b) the sum of Total Debt plus Adjusted Net Worth to exceed at any time 0.675 to 1.0.
Total Debt to Capitalization. Have a ratio of (i) Total Debt to (ii) Total Capitalization greater than 50%.
Total Debt to Capitalization. The ratio of Total Debt to Capitalization shall at no time be greater than .50 to 1."
Total Debt to Capitalization. Borrower and its Subsidiaries shall not ---------------------------- at any time permit the ratio of the Total Debt to Capitalization to exceed 0.30:1.00.
Total Debt to Capitalization. The Borrowers will at all times ---------------------------- maintain, on a consolidated basis, a Total Debt to Capitalization Ratio of not more than 0.50 to 1.00. For purposes hereof, the "Total Debt to Capitalization Ratio" shall mean Total Debt, divided by the sum of Total Debt, plus cash equity contributed. The Total Debt to Capitalization Ratio shall be measured on the last day of each fiscal quarter, and at the end of each of the Borrowers' fiscal years, throughout the term of the Loan on a four (4) quarter trailing basis. The financial covenants referenced above shall be calculated and tested on a four (4) quarter trailing basis, and shall include the corresponding four (4) quarter trailing results of any entity acquired and consolidated into the Borrowers' financial statements within the last four (4) quarter period immediately preceding the applicable covenant calculation date. Unless otherwise defined, all financial terms used in this Section 6.15 shall have the meanings attributed to such terms in accordance with GAAP.
