Adjusted Equity Ratio definition

Adjusted Equity Ratio means (i) Equity to (ii) Total Assets minus Cash and Cash Equivalents (Cash and Cash Equivalents shall, for the purpose of Adjusted Equity Ratio only, include the cash standing to the credit of the Proceeds Account).
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Adjusted Equity Ratio means Equity – goodwill Total Assets – goodwill
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Adjusted Equity Ratio means Equity divided by Total Assets excluding Cash and Cash Equivalents according to the Accounting Principles.
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Examples of Adjusted Equity Ratio in a sentence

  • The Adjusted Equity Ratio and the amount of Cash and Cash Equivalents held by the Issuer and the Guarantors shall be tested on each Reference Date by reference to the latest Financial Report.

  • The calculation of the Adjusted Equity Ratio shall be adjusted so that the Total Assets for the Reference Period is reduced with an amount equal to the Cure Amount.

  • The calculation of the Adjusted Equity Ratio, Total Assets, book value of each Project Entity, Finance Charges, Pro Forma EBITDA and EBITDA for the purpose of the Incurrence Tests shall be tested on the last day of the period covered by the Financial Report as of the most recent Reference Date for which a Financial Report has been published.

  • In connection with the Bond Issue, the Company summoned to a bondholders’ meeting with the purpose of aligning the financial covenants with the nature of the Company’s business introducing inter alia the Market Value Adjusted Equity Ratio covenant.

  • The Minimum Value Adjusted Equity Ratio of the Guarantor (on a consolidated basis) was [•].

  • Coverage Ratio / Liquidity: Value Adjusted Equity Ratio: The Issuer shall ensure that the Group on a consolidated basis on the last day of any fiscal quarter maintain either:(i) A Coverage Ratio of minimum 2.00:1.00 until 1 January 2010 and minimum 2.50:1:00 thereafter; or(ii) Cash and cash equivalents plus available and unused commitments under any credit lines (in excess of 6 months) of the Group in an amount of no less than NOK 300,000,000.

  • With the adoption of the new lease accounting standard (IFRS 16) effective 1 January 2019, all existing loan facility agreements have been amended in December 2018 to reduce the minimum Adjusted Equity Ratio from 35% to 25%.

  • For illustration, as per 3Q2014 Seadrill reported a Market Adjusted Equity Ratio of 42.7% to its relevant bondholders and its secured bank lenders.

  • The Issuer shall ensure that the Group, on a consolidated basis, maintains a Market Adjusted Equity Ratio of at least 30%.

  • The relevant financial covenant applicable to Seadrill (in inter alia the NOK 1,800 million FRN Seadrill Limited Senior Unsecured Bond Issue 2013/2018 ISIN NO 001067314.8) and as suggested in this proposal is a Market Adjusted Equity Ratio of minimum 30%, calculated on a consolidated basis for the Seadrill group.


More Definitions of Adjusted Equity Ratio

Adjusted Equity Ratio means the ratio of Adjusted Equity to Adjusted Total Assets.
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Adjusted Equity Ratio means, at any time, the ratio of (A) the sum of (I) the Net Worth of the Parent Guarantor and its Subsidiaries on a consolidated basis plus (II) 50% of the aggregate principal amount of Subordinated Indebtedness outstanding at such time to (B) the total value of the assets of the Parent Guarantor and its Subsidiaries on a consolidated basis as shown on the Parent Guarantor's then most recent quarterly consolidated balance sheet.
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Adjusted Equity Ratio has the meaning specified in Section 8(a).
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Adjusted Equity Ratio has the meaning specified in Section 8(a) of the UBN Parent Guaranty.
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Related to Adjusted Equity Ratio

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Indebtedness net of Unrestricted Cash as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of such date to (b) EBITDA of the Company and its Restricted Subsidiaries for the most recently ended Test Period on or prior to such date, in each case with such pro forma adjustments as are consistent with the pro forma adjustments set forth in the definition of “Interest Coverage Ratio.”

  • Consolidated First Lien Net Leverage Ratio means, with respect to any four-quarter period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.