Common use of Total Debt to Total Capitalization Ratio Clause in Contracts

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. 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 0.35 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. 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.