Debt to Total Capitalization Ratio means, as of any date of determination, without duplication, the ratio of (a) the principal amount of, and accrued but unpaid interest on, all consolidated Indebtedness (other than Operating Indebtedness, Indebtedness in respect of undrawn letters of credit, Non-Recourse Insurance Subsidiary Indebtedness or Intercompany Indebtedness) of any Person and its Restricted Subsidiaries outstanding on such date to (b) Total Capitalization of such Person and its Restricted Subsidiaries on such date.

Debt to Total Capitalization Ratio means, as of any date of determination, the ratio of (x) total Indebtedness of the Issuer and the Restricted Subsidiaries to (y) the sum of (i) total Indebtedness of the Issuer and the Restricted Subsidiaries and (ii) total equity of the Issuer and the Restricted Subsidiaries, in each case, on a consolidated basis as reflected on the most recently available quarterly balance sheet of the Issuer prepared in accordance with GAAP immediately preceding the date on which such event for which such calculation is being made shall occur, in each case, with such pro forma adjustments as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio.

Debt to Total Capitalization Ratio means at any time, the ratio, expressed as a percentage, of (a) Consolidated Debt to (b) Total Capitalization.

Examples of Debt to Total Capitalization Ratio in a sentence

Commencing with the first full fiscal quarter ending after the First Initial Term Loan Funding Date, the Borrower shall not permit the Debt to Total Capitalization Ratio (as defined in, and as calculated pursuant to, the Revolving Credit Agreement as of the date hereof) for the Borrower and the Restricted Subsidiaries as of the last day of any Test Period to exceed 0.70 to 1.00.

More Definitions of Debt to Total Capitalization Ratio

Debt to Total Capitalization Ratio. At any time the ratio of (i) Consolidated Total Debt to (ii) Consolidated Total Capitalization.

Debt to Total Capitalization Ratio means, as of any date of determination, without duplication, the ratio of (a) the sum of (i) the principal amount of and accrued but unpaid interest on all Indebtedness for borrowed money of Conseco (including, without limitation, (x) any Indebtedness evidenced by bonds, debentures, notes or other similar instruments and (y) any Indebtedness resulting from any conversion of preferred stock) for which Conseco is directly liable on such date and which is neither a Contingent Obligation (except that Contingent Obligations of Conseco in respect of Indebtedness of the type described in clause (a) or (b) of the definition thereof (other than in respect of the D&O Facilities) shall nevertheless be included in such calculation) nor Indebtedness arising out of a Permitted Transaction and (ii) dividends on Trust Preferred Securities that are accrued but unpaid; to (b) Total Capitalization on such date; provided, however, that solely for the purposes of calculating the Debt to Total Capitalization Ratio, the term "Indebtedness" shall exclude preferred securities issued by business trusts formed by Conseco, guaranteed by Conseco and related to guarantees and intercompany notes.

Debt to Total Capitalization Ratio means, as of any date of determination, without duplication, the ratio of:

Debt to Total Capitalization Ratio means, as of the last day of any fiscal quarter, the ratio of (i) Consolidated Total Debt to (ii) Total Capitalization.

Debt to Total Capitalization Ratio as of any date of determination for the Borrower and the Restricted Subsidiaries, the ratio of (x) Consolidated Total Debt to (y) the greater of (i) total capitalization calculated in accordance with GAAP and (ii) total capitalization calculated based on then-current stock trading price of the Borrower.

Debt to Total Capitalization Ratio means, as of any date, the ratio of (a) the principal amount of, and accrued but unpaid interest on, all Indebtedness for borrowed money of the Company and its Restricted Subsidiaries outstanding on such date, other than (i) Indebtedness owing to the Company or any of its Restricted Subsidiaries and (ii) the liabilities (if any) of the Company or any of its Restricted Subsidiaries in respect of Hedging Obligations as determined by reference to the termination value of the agreements or arrangements giving rise to such Hedging Obligations, to (b) Total Capitalization on such date.