Examples of Consolidated Debt Ratio in a sentence
To the extent the Corporation’s Consolidated Debt Ratio is less than 3.0 to 1.0, the sum of 50 percent of income before interest, taxes, depletion and depreciation and non-cash items from January 1, 2011 to the end of the most recently completed fiscal quarter plus 100 percent of the fair market value of any equity contributions made to the Corporation during that period less the sum of all restricted payments during that period.
To the extent the Company’s Consolidated Debt Ratio is greater than or equal to 3.0 to 1.0 pro forma for the proposed restricted payment, $50 million plus 100 percent of the fair market value of any equity contributions made to the Company.
Reinstate the requirement to maintain a Consolidated Debt Ratio of less than 4.0 to 1.0 effective for the quarter ending June 30, 2015.
Revise the Consolidated Debt Ratio for the quarters ending December 31, 2015 and March 31, 2016 such that the Corporation will be required to maintain a Consolidated Debt Ratio not exceeding 5.0 to 1.0.
To the extent the Company’s Consolidated Debt Ratio is greater than or equal to 3.0 to 1.0 pro forma for the proposed restricted payment, $50 million plus 100% of the fair market value of any equity contributions made to the Company.The Company was in compliance with all covenants at March 31, 2017.At March 31, 2017 the senior notes are presented net of $0.7 million in issue costs which are amortized using a weighted average effective interest rate of 9.2%.