Indebtedness Ratio definition

Indebtedness Ratio means, as at any Calculation Date, the ratio of (x) the Net Financial Debt for the relevant Testing Period preceding such Calculation Date of determination to (y) the EBITDA accrued during the relevant Testing Period. In the event that the Issuer incurs, assumes, guarantees, repays, repurchases, redeems, or otherwise discharges any Indebtedness subsequent to the commencement of the period for which the calculation of the Indebtedness Ratio is made, then the Indebtedness Ratio will be calculated giving Pro Forma effect (as determined in good faith by a responsible accounting or financial officer of the Issuer) to such incurrence, assumption, guarantee, repayment, repurchase, redemption or other discharge of Indebtedness, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable Testing Period.

Indebtedness Ratio means: ConcoSidated Net DebtEquity

Indebtedness Ratio means, as of any date of determination, on a consolidated basis, the ratio of (a) Consolidated Indebtedness as of such date to (b) Net Worth as of such date.

Examples of Indebtedness Ratio in a sentence

• Following a Cover Default under Clause 21.3.3, the Pipeline User’s Indebtedness Ratio Limit shall be decreased to 80% for one year following rectification of the default, after which time it shall be increased back to 100%.

• The Pipeline User may by notice to the Pipeline Operator decrease the amount of Collateral at any time provided that such decrease would not cause the Indebtedness Ratio to exceed the Indebtedness Ratio Limit.

• In order to determine the Indebtedness Ratio according to the Table below, that is, the facility to access credit, if required, either for investment or working capital, depending on the net worth soundness and equity structure, it is necessary to complete a Special Format, called Indebtedness Ratio.

• At any time from and after the Closing Date, the Secured Indebtedness Ratio (expressed as a percentage) shall not exceed 52.5%.

• In particular, the Issuer is prohibited from declaring or paying dividend, make any other distribution of profit, return capital, provide loan or credit, and/or repay any debt, in each case to any of its shareholders, if the Issuer’s consolidated Net Indebtedness Ratio would exceed 3.5 as a result of any such payment or transaction.

More Definitions of Indebtedness Ratio

Indebtedness Ratio means an amount equal to (i) Indebtedness divided by (ii) EBITDA (as set forth in the most recent audited financial statements of the Company from time to time).

Indebtedness Ratio means the ratio of the Obligors’ consolidated Indebtedness to the Obligors’ trailing twelve (12) month trailing EBITDA. “Indebtedness” means aggregate amount of outstanding loans and capital leases.

Indebtedness Ratio means, as at the time any determination thereof is to be made, a ratio, the numerator of which shall be Total Consolidated Indebtedness for Money Borrowed and the denominator of which shall be the sum of (i) Consolidated Net Worth and (ii)

Indebtedness Ratio means the ratio determined by dividing the aggregate principal amount of Outstanding Indebtedness of the Credit Group by the sum of (i) the aggregate principal amount of such Indebtedness and (ii) total Unrestricted Net Assets of the Credit Group. For purposes of this ratio, Indebtedness shall not include the principal amount of a guaranty unless the Credit Group has made a payment on such guaranty in the last three Fiscal Years prior to the time of such measurement.

Indebtedness Ratio means at any time, the aggregate amount of all obligations in respect of Moneys Borrowed other than Investor Capital and Subordinated Capital less an amount equal to the aggregate of (i) cash standing to an immediately available account and (ii) cash equivalent investments (pursuant to the IFRS), divided by the Total Capital;

Indebtedness Ratio means the ratio between the Trust’s Indebtedness and the Gross Book Value of the assets of the Trust;

Indebtedness Ratio has the meaning given in paragraph 2.16 or unless otherwise provided for by this schedule 5. Indebtedness Ratio Limit shall be 100% unless otherwise notified by the Company under the provisions of this Agreement. Independent Credit Assessment means a credit assessment of the User procured by the Company at the User’s request in accordance with paragraph 2.8 from a Recognised Credit Assessment Agency chosen by the User.