Consolidated Solvency Ratio definition
Consolidated Solvency Ratio means (i) the aggregate of the total Financial Indebtedness (on a consolidated basis) of the Group (less cash and cash equivalents and listed shares) and any guarantee and/or indemnity in respect of any Financial Indebtedness (except for any guarantee and/or indemnity in respect of any Financial Indebtedness that Heimstaden Bostad has directly or indirectly accounted for in its consolidated financial statements) divided by (ii) Consolidated Total Assets, in each case as set out in the most recent annual or interim, as the case may be, consolidated financial statements of the Group;
Consolidated Solvency Ratio means (i) the aggregate of the total Financial Indebtedness (on a consolidated basis) of the Group (less cash and cash equivalents and listed shares) and any guarantee and/or indemnity in respect of any Financial Indebtedness (except for any guarantee and/or indemnity in respect of any Financial Indebtedness that SBB has directly or indirectly accounted for in its consolidated financial statements) divided by (ii) Consolidated Total Assets, in each case as set out in the most recent annual or interim, as the case may be, consolidated financial statements of the Group;
Consolidated Solvency Ratio means, as of any date of determination, the ratio of (i) Consolidated Equity on such date, as would be reported on the Consolidated balance sheet of the Borrower to (ii) Consolidated Tangible Assets on such date, as would be reported on the Consolidated balance sheet of the Borrower, in each case determined on a Consolidated basis in accordance with Argentine GAAP, expressed as a percentage. Minimum Consolidated Solvency Ratio 20% As of the Statement Date:
(a) The amount of Consolidated Equity is: U.S.$[·] exchange rate used to calculate Dollar Equivalent: $[·] Pesos per U.S.$1.00
(b) The amount of Consolidated Total Assets is: U.S.$[·] exchange rate used to calculate Dollar Equivalent: $[·] Pesos per U.S.$1.00
(a) (b) = [·] Consolidated Solvency Ratio as of the Statement Date is: [·]%
Examples of Consolidated Solvency Ratio in a sentence
In the event that the Write-Down is insufficient to restore the Basic Individual Solvency Ratio or the Basic Consolidated Solvency Ratio to the required levels, the principal amount of the Notes will be reduced to zero.
More Definitions of Consolidated Solvency Ratio
Consolidated Solvency Ratio means, as of any date of determination, the ratio of (i) Consolidated Equity on such date, as would be reported on the Consolidated balance sheet of the Borrower to (ii) Consolidated Tangible Assets on such date, as would be reported on the Consolidated balance sheet of the Borrower, in each case determined on a Consolidated basis in accordance with Argentine GAAP, expressed as a percentage.
Consolidated Solvency Ratio means (i) the aggregate of the total Financial Indebtedness (on a consolidated basis) of the Group (less cash and cash equivalents and listed shares) and any guarantee and/or indemnity in respect of any Financial Indebtedness (except for any guarantee and/or indemnity in respect of any Financial Indebtedness that the Issuer has directly or indirectly accounted for in its consolidated financial statements) divided by (ii) Consolidated Total Assets, in each case as set out in the most recent annual or interim, as the case may be, consolidated financial statements, financial report or the Pro Forma Financial Statements (as applicable) of the Group;
Consolidated Solvency Ratio means (i) the Indebtedness (on a consolidated basis) of the Group (less cash and cash equivalents) and any Guarantee in respect of any Indebtedness (except for any Guarantee in respect of any Indebtedness that the Issuer has directly or indirectly accounted for, and any Guarantee in respect of any Indebtedness of associated companies); divided by (ii) Consolidated Total Assets, in each case as set out in the most recent Consolidated Financial Statements of the Group.