Total Indebtedness to Total Capitalization. The Borrower shall at all times cause the ratio of (i) Total Indebtedness to (ii) Total Capitalization to be less than or equal to 0.65 to 1.0.
Total Indebtedness to Total Capitalization. At all times the ratio of Total Indebtedness to Total Capitalization shall be equal to or less than .50 to 1.0.
Total Indebtedness to Total Capitalization. The Borrower will not permit the ratio of Total Indebtedness to Total Capitalization at any time during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio ------ ----- Initial Availability Date to and including December 31, 2002 0.67 to 1.0 January 1, 2003 to and including December 31, 2003 0.60 to 1.0 January 1, 2004 and thereafter 0.50 to 1.0
Total Indebtedness to Total Capitalization. Originator shall at all times cause the ratio of (i) Total Indebtedness to (ii) Total Capitalization (in each case measured as of the most recent fiscal quarter end) to be less than or equal to 0.65 to 1.0.
Total Indebtedness to Total Capitalization. The ------------------------------------------- Borrower will not permit the ratio of Total Indebtedness to Total Capitalization as of the last day of any fiscal quarter ending after the Tranche A Full Availability Date to be more than .75 to 1.00.
Total Indebtedness to Total Capitalization. (a) The Company shall not permit Total Indebtedness as a percentage of Total Capitalization at the last day of any fiscal quarter set forth below to be greater than the percentage set forth below for such fiscal quarter: Fiscal Year Fiscal Quarter Ratio ----------- -------------- ----- 1996 3rd 68.0% 4th 65.0 1997 1st 65.0 2nd 67.0 3rd 68.0 4th 65.0 1998 1st 65.0 2nd 67.0 3rd 68.0 4th 60.0 1999 1st 60.0 2nd 62.0 3rd 63.0 4th 55.0 2000 1st 55.0 2nd 57.0 3rd 58.0 4th 50.0 2001 1st 50.0 2nd 52.0
Total Indebtedness to Total Capitalization. The Borrower ------------------------------------------ will not permit the ratio of Total Indebtedness to Total Capitalization at any time during any period set forth below to exceed the ratio set forth with respect to such period: ------------------------------------------------------------------ Period Ratio ------------------------------------------------------------------ Initial Availability Date to and 0.67 to 1.0 including December 31, 2002 ------------------------------------------------------------------ January 1, 2003 to and including 0.60 to 1.0 December 31, 2003 ------------------------------------------------------------------ January 1, 2004 and thereafter 0.50 to 1.0 ------------------------------------------------------------------
Total Indebtedness to Total Capitalization. At no time shall Total Indebtedness exceed 55% of Total Capitalization.
Total Indebtedness to Total Capitalization. As of the last day of any fiscal quarter during the following periods, the ratio of (a) all Indebtedness of the Companies, on a consolidated basis, to (b) the sum of (i) all Liabilities of the Companies, on a Consolidated Basis, plus (ii) Tangible Net Worth, plus (iii) minority interest in Consolidated Affiliates, in each case as of such date, to exceed the ratio set forth opposite such period below: ------------------------------------------------------------------------------ PERIOD MAXIMUM RATIO ============================================================================== Closing Date through the 0.45 to 1.0 Change Date ------------------------------------------------------------------------------ Change Date and thereafter 0.40 to 1.0 ------------------------------------------------------------------------------
Total Indebtedness to Total Capitalization. Vesper will not permit the ratio of Total Indebtedness to Total Capitalization as of any date to exceed (a) [***] to 1.00 or (b) with respect to any date on or after the earlier of (i) the third anniversary of the Effective Date and (ii) the date on which the initial Tranche B Borrowing has been made, [***] to 1.00 if as of such date of determination the ratio of Total Indebtedness to Annualized EBITDA shall be less than [***] to 1.00.
