Book Equity Ratio definition

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

Book Equity Ratio means Book Equity divided by Total Assets.

Book Equity Ratio means Book Equity divided by Book Assets.

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 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 average volumes of the reconstructed dGM using ‘FASTSURF with de novo contours’ are displayed in Table 5, alongside the average volumes of the manual reference tracings and segmentations from ‘FASTSURF with sparse contours’ for the same three subjects.

• 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 Original Borrower (on a consolidated basis) shall: (i) at all times to and including 31 December 2021 have a Book Equity Ratio equal to or higher than 25 per cent.; (ii) at all times from and including 1 January 2022 to and including 31 December 2022 have a Book Equity Ratio equal to or higher than 30 per cent.; and (iii) at all times on and after 1 January 2023 have a Book Equity Ratio equal to or higher than 35% per cent..

• Instead, this section is amended to provide that the responsibility is shifted from the inland navigation districts to the FWC.

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

• The Bonds have certain financial covenants attached, which included 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.

More Definitions of Book Equity Ratio

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.

Book Equity Ratio means the ratio of Book Equity to Total Book Assets “Total Book Assets” means at the date of computation the total assets, calculated in accordance with the Approved Accounting Principles.