Funded Debt to Capitalization Ratio means the ratio of Funded Debt to the sum of Funded Debt and shareholders’ equity (with shareholders’ equity being calculated including Subordinated Debt), provided that for the purposes of calculating this ratio:

Funded Debt to Capitalization Ratio means, at any date, the ratio of (a) Consolidated Funded Debt for such date to (b) the sum of Consolidated Net Worth plus Consolidated Funded Debt as of such date.

Funded Debt to Capitalization Ratio means, at any time, the ratio of (a) ----------------------------------- Funded Debt to (b) the sum of Funded Debt plus Net Worth plus the principal amount of the Charterhouse Subordinated Notes.

Examples of Funded Debt to Capitalization Ratio in a sentence

As of the last day of each fiscal quarter of the Borrower, the Consolidated Funded Debt to Capitalization Ratio will not exceed 0.6 to 1.0.
The Company will not permit the Consolidated Subsidiary Funded Debt to Capitalization Ratio of any of its Significant Subsidiaries to exceed 0.65 to 1.00 as of the end of any fiscal quarter or fiscal year end.
Cascades must maintain at all times, on an Adjusted Consolidated Basis, a Funded Debt to Capitalization Ratio of not more than 65%.
As of the end of each fiscal quarter of the Borrower, the Consolidated Funded Debt to Capitalization Ratio will not exceed 70%.
The Borrower will not and will not permit any of its Significant Subsidiaries to, incur, create or assume any Guarantee of Indebtedness of any of the Borrower’s direct or indirect electric utility Subsidiaries (“Subsidiary Indebtedness”) if after the incurrence of such Subsidiary Indebtedness the Consolidated Subsidiary Funded Debt to Capitalization Ratio of such Significant Subsidiary would exceed 0.65 to 1.00.

More Definitions of Funded Debt to Capitalization Ratio

Funded Debt to Capitalization Ratio. Borrower shall maintain a ratio of Consolidated Funded Indebtedness to THE SUM OF (i) Consolidated Funded Indebtedness PLUS Consolidated Shareholders Equity of not more than fifty percent (50%), verified annually (on the basis of Borrower's audited financial statements described in SECTION 6.1(a)).

Funded Debt to Capitalization Ratio means (i) Funded Debt divided by (ii) the sum of Funded Debt plus Net Worth. The Funded Debt to Capitalization Ratio may be expressed as a fraction as follows: Funded Debt --------------------------------- Funded Debt + Net Worth "GAAP" means those generally accepted accounting principles and practices which are recognized as such by the American Institute of Certified Public Accountants acting through its Accounting Principles Board or by the Financial Accounting Standards Board or through other appropriate boards or committees thereof, as modified by requirements of the Securities and Exchange Commission, and which are consistently applied for all periods after the date hereof so as to properly reflect the financial condition, and the results of operations and changes in financial position, except that any accounting principle or practice required to be changed by the said Accounting Principles Board or Financial Accounting Standards Board (or other appropriate board or committee of the said Boards) in order to continue as a generally accepted accounting principal or practice may so be changed. In the event of a change in GAAP, the Lenders and the Borrower will thereafter revise any covenants of this Agreement affected thereby in order to make such covenants as now applied consistent with GAAP then in effect.

Funded Debt to Capitalization Ratio means, as at any date of determination thereof, the ratio of (a) the Borrower's Funded Debt to (b) the sum of the Borrower's (i) Funded Debt and (ii)

Funded Debt to Capitalization Ratio means, as of the last day of a Fiscal Quarter the ratio of Funded Debt to Capitalization;

Funded Debt to Capitalization Ratio means, as at a Quarter End, the ratio of (a) Funded Debt less Unencumbered Cash, as at such Quarter End to (b) Capitalization.