Total Debt to Total Capitalization Ratio. The Borrower shall not permit its Total Debt to Total Capitalization Ratio to be greater than 0.35 to 1.0 at the end of any Fiscal Quarter.
Total Debt to Total Capitalization Ratio. The Total Debt to Total Capitalization Ratio shall not exceed 0.55:1.00 at any time. For purposes of this Section:
Total Debt to Total Capitalization Ratio. The Parent, on a consolidated basis with the Subsidiaries, shall not permit the ratio of Total Debt to Total Capitalization to be greater than 60% at any time.
Total Debt to Total Capitalization Ratio. The Borrower shall not permit its Total Debt to Total Capitalization Ratio, to be greater than, (x) to the extent any Credit Extension is made on the Lion Acquisition Closing Date, 0.375 to 1.0 on the Lion Acquisition Closing Date (or if the determination of Total Capitalization is not available on such date, calculated as of the last day of the fiscal quarter most recently completed prior to the Lion Acquisition Closing Date for which financial statements are available under Section 6.01 or more recent date on which such determination is available) on a pro forma basis after giving effect to the Transactions and (y) at the end of any fiscal quarter:
(i) prior to the Lion Acquisition Closing Date, 0.35 to 1.0;
(ii) from and after the Lion Acquisition Closing Date and prior to the first anniversary of the Lion Acquisition Closing Date, 0.375 to 1.0; and
(iii) from and after the first anniversary of the Lion Acquisition Closing Date, 0.35 to 1.0.
Total Debt to Total Capitalization Ratio. Shall not permit the ratio of Total Debt to Total Capitalization to be greater than 60% at any time.
Total Debt to Total Capitalization Ratio. Maintain, at the end of each fiscal quarter of PDSA, a ratio of Total Debt to Total Capitalization (each as defined below) for the four fiscal quarters ended as of the end of such quarter not greater than 3.0:5.0.
Total Debt to Total Capitalization Ratio. (a) Permit the ratio of (i) Consolidated Total Debt to (ii) Consolidated Total Capitalization to exceed at any prior month-end 0.45:1, unless the calculation of Indebtedness or Shareholder’s Equity for purposes of this Section 7.11 includes any Material Decree or the payment of any Material Decree or (b) if the calculation of Indebtedness or Shareholder’s Equity for purposes of this Section 7.11 includes any Material Decree or the payment of any Material Decree, permit the ratio of (i) Consolidated Total Debt to (ii) Consolidated Total Capitalization to exceed at any prior month-end 0.65:1. For purposes of calculations under Section 7.11, (i) the Indebtedness of any Person shall not include 75% of the principal amount of any mandatorily convertible unsecured bonds, debentures, preferred stock or similar instruments in a principal amount not to exceed $500 million in the aggregate during the term of the Agreement which are payable in no more than three years (whether by redemption, call option or otherwise) solely in common stock or other common equity interests of such Person (hereinafter referred to as the “Convertibles”), and (ii) Shareholders’ Equity of any Person shall include 75% of the principal amount of any Convertibles (whether or not such Convertibles would be considered shareholders’ equity under GAAP). Further, for purposes of calculations under this Section 7.11, Indebtedness shall include, without duplication, (i) the sum of (A) any unpaid judgment, order, decree or jury verdict, including a reasonable estimate of the costs, expenses, interest charges, and legal fees and expenses related thereto, and (B) any bond, collateralization or reimbursement obligation required in the form referred to in clause (b) of the definition of Indebtedness relating to any such judgment, order, decree or jury verdict (hereinafter referred to as a “Collateral Obligation”), net of any cash deposited, posted or otherwise paid in connection with a Collateral Obligation, and net of any debt incurred to obtain a Collateral Obligation, minus, (ii) in the case of the calculation under Section 7.11(a) only, cash, cash equivalents and short term investments on the most recent balance sheet.”
Total Debt to Total Capitalization Ratio. Cameron, on a consolidated basis with the Subsidiaries, shall not permit the ratio of Total Debt to Total Capitalization to be greater than 60% at any time.
Total Debt to Total Capitalization Ratio. Not permit the Total Debt to Total Capitalization Ratio as of the last day of each Computation Period, beginning with the Computation Period ending June 30, 2021, to exceed (x) prior to a Qualified IPO, 0.25 to 1.00 or (y) after a Qualified IPO, 0.30 to 1.00.
Total Debt to Total Capitalization Ratio. The Borrower will maintain, as at the end of each Fiscal Quarter, a Total Debt to Total Capitalization Ratio of not more than 0.6:1.0, provided that, on September 30, 2009 and as at the end of each Fiscal Quarter thereafter, the Borrower will maintain a Total Debt to Total Capitalization Ratio of not more than 0.50:1.00.
