Indebtedness to Capitalization Ratio means, in respect of the Borrower and its Subsidiaries on a consolidated basis, the ratio of (i) Consolidated Total Debt as of the last day of any Fiscal Quarter to (ii) Consolidated Capitalization as of such date.
Indebtedness to Capitalization Ratio has the meaning assigned to such term in Section 6.11(c).
Indebtedness to Capitalization Ratio means the relationship, expressed as a numerical ratio, between:
Examples of Indebtedness to Capitalization Ratio in a sentence
The Borrower will not permit the Consolidated Indebtedness to Capitalization Ratio to exceed 0.65 to 1.00, at the end of any fiscal quarter.
The Borrower shall not permit the Indebtedness to Capitalization Ratio as of the last day of any Fiscal Quarter to exceed 0.35 to 1.0.
Consolidated Indebtedness to Capitalization Ratio :1.00 ratio of (A) Line A3 to (B) Line A5 not to exceed 0.65 to 1.00, measured on a quarterly basis.
Permit the Consolidated Indebtedness to Capitalization Ratio of the Borrower as of the end of any fiscal quarter of the Borrower to be greater than 0.65:1.00.
The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter in which the Investment Grade Date occurs) permit the Total Indebtedness to Capitalization Ratio to exceed 65%.
More Definitions of Indebtedness to Capitalization Ratio
Indebtedness to Capitalization Ratio means, on any Transaction Date, the ratio of (i) the aggregate amount of Indebtedness of the Company and its Restricted Subsidiaries on a consolidated basis on such Transaction Date to (ii) the sum of (A) the aggregate amount of Indebtedness of the Company and its Restricted Subsidiaries on a consolidated basis on such Transaction Date plus (B) the Consolidated Net Worth of the Company on such Transaction Date.
Indebtedness to Capitalization Ratio means as is specified in Section 9.14.[Indebtedness to Capitalization Ratio]. “Indemnified Taxes” means (i) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Loan Document, and (ii) to the extent not otherwise described in the preceding clause (i), Other Taxes. “Indemnitee” means as is specified in Section 12.3(b) [Indemnification by the Borrower]. “Information” means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or any of such Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the Issuing Lender on a non-confidential basis prior to disclosure by the Borrower or any of its Subsidiaries, provided that, in the case of information received from the Borrower or any of its Subsidiaries after the date of this Agreement, such information is clearly identified at the time of delivery as confidentialas is specified in Section 12.9 [Confidentiality]. “Insolvency Proceeding” means, with respect to any Person, (a) a case, action or proceeding with respect to such Person (i) before any court or any other Official Body under any bankruptcy, insolvency, reorganization or other similar Law now or hereafter in effect, or (ii) for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator, conservator (or similar official) of the Borrower or otherwise relating to the liquidation, dissolution, winding-up or relief of such Person, or (b) any general assignment for the benefit of creditors, composition, marshaling of assets for creditors, or other, similar arrangement in respect of such Person’s creditors generally or any substantial portion of its creditors; undertaken under any Law. “Insurance License” means any license, certificate of authority, permit or other authorization which is required to be obtained from any Official Body in connection with the operation, ownership or transaction of insurance or reinsurance business. “Interest Period” means the period of time selected by the Borrower in connection with (and to apply to) any election permitted hereunder by the Borrower to have Revolving Credit Loans bear interest under the BSBY Rate Option. Subject to the last sentence of this definition,
Indebtedness to Capitalization Ratio means, in respect of the Borrower and its Subsidiaries on a consolidated basis, the ratio of (i) Consolidated Total $1,100,000,000 CREDIT AGREEMENT Debt as of the last day of any Fiscal Quarter to (ii) Consolidated Capitalization as of such date.
Indebtedness to Capitalization Ratio means as is specified in Section 9.14.[Indebtedness to Capitalization Ratio].
Indebtedness to Capitalization Ratio means as is specified in Section 9.14.[Indebtedness to CapitalizationRatio].
Indebtedness to Capitalization Ratio means the ratio derived by dividing (i) Indebtedness by (ii) the sum of Indebtedness and contributed equity.
Indebtedness to Capitalization Ratio and "Total Capital" in their entirety and substituting the following therefor, respectively: Debt shall mean, with respect to any Person, at any date, without duplication, (i) all obligations of such Person for borrowed money or in respect of loans or advances; and (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments. Notwithstanding the foregoing, (a) any surplus debentures issued by TexasRe shall not be considered Debt of TexasRe, (b) the Capital Trust Debentures shall not be considered Debt of the Borrower and (c) the Capital Securities shall not be considered Debt of the Capital Trust.