Total Net Funded Debt to Total Capitalization Sample Clauses

Total Net Funded Debt to Total Capitalization. The Parent will not permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than 0.70:1.00 at any time.

Total Net Funded Debt to Total Capitalization. The Parent will not permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than (v) until March 31, 2023, 0.86:1.00 at any time, (w) thereafter until June 30, 2023, 0.85:1.00 at any time, (x) thereafter until December 31, 2023, 0.83:1.00 at any time, (y) thereafter until March 31, 2024, 0.81:1.00 at any time, (z) thereafter until June 30, 2024, 0.79:1.00 at any time, (vv) thereafter until March 31, 2025, 0.76:1.00 at any time, (ww) thereafter until June 30, 2025, 0.73:1.00 at any time, (xx) thereafter until September 30, 2025, 0.72:1.00 at any time, and (yy) thereafter, 0.70:1.00 at any time.

Total Net Funded Debt to Total Capitalization. The Parent will not permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than (u) until March 31, 2023, 0.93:1.00 at any time, (v) thereafter until June 30, 2023, 0.92:1.00 at any time, (w) thereafter until March 31, 2024, 0.91:1.00 at any time, (x) thereafter until June 30, 2024, 0.90:1.00 at any time, (y) thereafter until September 30, 2024, 0.88:1.00 at any time, (z) thereafter until March 31, 2025, 0.87:1.00 at any time, (uu) thereafter until June 30, 2025, 0.87:1.00 at any time, (vv) thereafter until September 30, 2025, 0.85:1.00 at any time, (ww) thereafter until March 31, 2026, 0.84:1.00 at any time, (xx) thereafter until June 30, 2026, 0.82:1.00 at any time, (yy) thereafter until December 31, 2026, 0.80:1.00 at any time, (zz) thereafter until March 31, 2027, 0.79:1.00 at any time, (uuu) thereafter until June 30, 2027, 0.77:1.00 at any time, (vvv) thereafter until September 30, 2027, 0.76:1.00 at any time, (www) thereafter until December 31, 2027, 0.75:1.00 at any time, (xxx) thereafter until March 31, 2028, 0.73:1.00 at any time, (zzz) thereafter until June 30, 2028, 0.72:1.00 at any time, and thereafter, 0.70:100 at any time. ​

Total Net Funded Debt to Total Capitalization. Permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than or equal to 0.70 to 1.00 on the last day of any fiscal quarter.

Total Net Funded Debt to Total Capitalization. Other than during a Covenant Relief Period, Ppermit the ratio of Total Net Funded Debt to Total Capitalization to be greater than or equal to 0.70 to 1.00 on the last day of any fiscal quarter.

Total Net Funded Debt to Total Capitalization. The Borrower will not permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than [*] at any time.

Total Net Funded Debt to Total Capitalization. (a) With respect to any fiscal quarter ending on or after the date on which all of the 2024 Exchangeable Notes and the 2025 Notes are converted or exchanged into Equity Interests, permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than as set forth in the table below for each specified fiscal quarter: 12/31/23 0.910 3/31/24 0.910 6/30/24 0.900 9/30/24 0.880 12/31/24 0.870 3/31/25 0.870 6/30/25 0.870 9/30/25 0.850 12/31/25 0.820 3/31/26 0.815 6/30/26 0.795 9/30/26 0.775 or (b) if clause (a) fails to apply, permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than as set forth in the table below for each specified fiscal quarter: 12/31/23 0.910 3/31/24 0.910 6/30/24 0.900 9/30/24 0.880 12/31/24 0.870 3/31/25 0.870 6/30/25 0.870 9/30/25 0.850 12/31/25 0.840 3/31/26 0.840 6/30/26 0.820 9/30/26 0.800 provided, that, if the ratio of Total Net Funded Debt to Total Capitalization required by this Section 6.14 at any time is less favorable to the Secured Parties than as set forth in either of the ECA Facilities, this Section 6.14 shall be deemed automatically amended so as to be on equally favorable terms as the most favorable of the ECA Facilities.

Total Net Funded Debt to Total Capitalization. Permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than as set forth in the table below for each specified fiscal quarter: 12/31/24 0.87 3/31/25 0.87 6/30/25 0.87 9/30/25 0.85 12/31/25 0.84 3/31/26 0.84 6/30/26 0.82 9/30/26 0.80 12/31/26 0.80 3/31/27 0.79 6/30/27 0.77 9/30/27 0.76 12/31/27 0.75 3/31/28 0.73 6/30/28 0.72 9/30/28 and thereafter 0.70 provided, that, if the ratio of Total Net Funded Debt to Total Capitalization required by this Section 6.14 at any time is less favorable to the Secured Parties than as set forth in either of the ECA Facilities, this Section 6.14 shall be deemed automatically amended so as to be on equally favorable terms as the most favorable of the ECA Facilities.

Total Net Funded Debt to Total Capitalization. Other than during a Covenant Relief Period, permit the ratio of Total Net Funded Debt to Total Capitalization to be greater than as set forth in the table below for each specified fiscal quarter; provided, that, if the ratio of Total Net Funded Debt to Total Capitalization required by this Section 6.14 at any time is less favorable to the Secured Parties than as set forth in either of the ECA Facilities, this Section 6.14 shall be deemed automatically amended so as to be on equally favorable terms as the most favorable of the ECA Facilities: Quarter Ended: Total Net Funded Debt to Total Capitalization: 0.86 0.85 0.83 0.83