Book Equity Ratio definition

Book Equity Ratio means the ratio of Book Equity to Total Assets.
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Book Equity Ratio means Book Equity divided by Total Assets.
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Book Equity Ratio means the ratio of Book Equity to Total Book Assets. “Current Assets” means the aggregate value of assets, which are treated as current assets in accordance with the Accounting Principles, however excluding any cash within the Group which in accordance with the Accounting Principles qualify as restricted cash. “Current Liabilities” means the aggregate amount of liabilities, which are treated as current liabilities in accordance with the Accounting Principles, but excluding: (a) instalments on long-term debt which fall due during the next twelve months; (b) paid-in-kind/capitalised interest; and (c) liabilities arising under onerous rig contracts with Keppel FELS relating to “Var”, “Vale” and “Tivar” reclassified from long term to short term. “Group Cash” means: (a) cash in hand legally and beneficially owned by a member of the Group; and (b) cash deposits legally and beneficially owned by a member of the Group and which are deposited with (i) an Arranger, (ii) any other deposit taking institution having a rating of at least A from Standard & Poor’s Rating Services or the equivalent with any other principal credit rating agency in the United States of America or Europe or (iii) any other bank or financial institution approved by the Agent, in each case: (i) including bank deposits charged in favour of the Security Agent under the Account Charges; (ii) excluding the pledged and blocked cash cover granted in favour of DNB in respect of the Ancillary Facility; (iii) excluding bank deposits that are pledged, save to the extent that the relevant member of the Group may freely use such bank deposits prior to the occurrence of an Event of Default, provided that such bank deposits shall only constitute “Group Cash” prior to the occurrence of an Event of Default; and (iv) excluding any Ring Fenced Liquidity.
Sample 1

Examples of Book Equity Ratio in a sentence

  • The Issuer and the Guarantor shall each maintain a Consolidated Book Equity Ratio of minimum 25%.

  • The Issuer shall maintain a Consolidated Book Equity Ratio of minimum 25%.

  • Consolidated Book Equity Ratio means the ratio of Consolidated Book Equity to Consolidated Total Assets.

  • The Issuer shall maintain a Book Equity Ratio of minimum 35 per cent.

  • The Bonds have certain financial covenants attached, which include the maintenance of a minimum Group cash balance of not less than $6.00 million and a minimum Book Equity Ratio (Group Equity to Total Assets) of not less than 30% on a consolidated basis during the term of the Bonds.

  • The Bonds have certain financial covenants attached, which include the maintenance of a minimum Group cash balance of not less than US$6.00 million and a minimum Book Equity Ratio (Group Equity to Total Assets) of not less than 30% on a consolidated basis during the term of the Bonds.

  • The Issuer shall on a non-consolidated basis maintain Book Equity Ratio of minimum 35%.

  • The Issuer shall ensure that the Group maintains a Book Equity Ratio of minimum 25.00%.

  • As a matter of practice, a Director should promptly raise any issue which may implicate this policy either with the Treasurer of the Foundation or with its outside legal counsel.

  • A default only exists if the Issuer is in breach with the Book Equity Ratio covenant on two consecutive Quarter Dates and the covenant breach is not remedied within the Reporting Date following the second of such Quarter Dates.