Total Net Funded Debt Sample Clauses

Total Net Funded Debt. D <0.65:1 up to 31 December 2007 <0.60:1 thereafter Total Capitalisation E Consolidated EBITDA Consolidated Net Income (loss) x (Deduct)/Add: (Gain)/Loss on sale of assets or reserves x Add: Consolidated Interest Expense x Add: Depreciation and amortisation of assets x Add: Impairment charges x (Deduct)/Add: Other non-recurring charge (gain) x Add: Deferred income tax expense x Consolidated EBITDA x B Consolidated Debt Service Principal paid/payable (excluding balloon payments, voluntary prepayments/repayments on sale/total loss of an NCLC Fleet vessel) x Add: Consolidated Interest Expense x Distributions x Rent under capitalised leases x Consolidated Debt Service x C Total Net Funded Debt Indebtedness for Borrowed Money x Add: Guarantees of non-NCLC Group members’ obligations x Deduct: Cash Balance (x ) Total Net Funded Debt (x ) D Total Capitalisation Total Net Funded Debt x Add: Consolidated stockholders’ equity x Total Capitalisation x E For and on behalf of NCL CORPORATION LTD. [ ] I, [ ], the officer primarily responsible for the financial management of the NCLC Group, hereby declare that, to the best of knowledge and belief, the above Statement of Financial Covenants as of [ ] 20[ ], in my opinion, is true and correct. [ ] Chief Financial Officer NCL CORPORATION LTD. Dated: 20[ ] ** Evidence satisfactory to the Agent of A at all times during the relevant period shall be provided together with this statement
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Total Net Funded Debt. D <[**] [Confidential Treatment] Total Capitalisation E Consolidated EBITDA Consolidated Net Income (loss) x (Deduct)/Add: (Gain)/Loss on sale of assets or reserves x Add: Consolidated Interest Expense x Add: Depreciation and amortisation of assets x Add: Impairment charges x (Deduct)/Add: Other non-cash charges (gains) x Add: Deferred income tax expense x Consolidated EBITDA x B Consolidated Debt Service Principal paid/payable (excluding balloon payments, voluntary x prepayments/repayments on sale/total loss of an NCLC Fleet vessel) Add: Consolidated Interest Expense x Distributions x Rent under capitalised leases x Consolidated Debt Service x C Total Net Funded Debt Indebtedness for Borrowed Money x Add: Guarantees of non-NCLC Group members' obligations x
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Total Net Funded Debt as of any date of determination, (i) the sum of outstanding Loans, Letter of Credit Obligations, the principal amount of funded Debt for borrowed money and Purchase Money Debt, the principal portion of Capital Leases and (without duplication) guarantees of any of the foregoing in each case, of the Company and its Subsidiaries, less (ii) all unrestricted cash and Cash Equivalents of the Company and its Subsidiaries.
Sample 1
Total Net Funded Debt. D <[**] [Confidential Treatment] Total Capitalisation E Consolidated EBITDA Consolidated Net Income (loss) x (Deduct)/Add: (Gain)/Loss on sale of assets or reserves x Add: Consolidated Interest Expense x Add: Depreciation and amortisation of assets x Add: Impairment charges x
Sample 1
Total Net Funded Debt. D <0.65:1 up to 31 December 2007 <0.60:1 thereafter Total Capitalisation E Consolidated EBITDA Consolidated Net Income (loss) x (Deduct)/Add: (Gain)/Loss on sale of assets or reserves x Add: Consolidated Interest Expense x Add: Depreciation and amortisation of assets x Add: Impairment charges x
Sample 1

Related to Total Net Funded Debt

  • Funded Debt No Borrower Party will, or will permit any of its Subsidiaries to, create, assume, incur, or otherwise become or remain obligated in respect of, or permit to be outstanding, any Funded Debt except:

  • Funded Debt Ratio Maintain its Funded Debt Ratio at not greater than (a) 3.75 to 1.00 at each fiscal quarter ending through and including December 31, 2003, (b) 3.50 to 1.00 as of March 31, 2004 and June 30, 2004, (c) 3.00 to 1.00 as of September 30, 2004, (b) 2.50 to 1.00 as of December 31, 2004 and at each fiscal quarter ending thereafter through and including September 30, 2005, and (c) 2.00 to 1.00 as of December 31, 2005 and as of each fiscal quarter ending thereafter.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

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