Examples of Interest Bearing Debt in a sentence
The Net Interest Bearing Debt shall be measured on the relevant testing date so determined, but include the new Financial Indebtedness provided it is an interest bearing obligation (however, any cash balance resulting from the incurrence of the new Financial Indebtedness shall not reduce the Net Interest Bearing Debt).
The calculation of the Leverage Ratio shall be adjusted so that the Net Interest Bearing Debt for the Reference Period is reduced with an amount equal to the Cure Amount.
The Maintenance Test is met if (i) the Equity Ratio is at least 15.00 per cent., (ii) Net Interest Bearing Debt to Cash EBITDA does not exceed 4:1, and (iii) Net Interest Bearing Debt to ERC does not exceed 75.00 per cent.
The loan agreements contain covenants which, among other things, require the Trust to maintain financial ratios such as Interest Bearing Debt to Total Asset Value Ratio and Interest Bearing Debt to EBITDA Ratio.
The calculation of the Net Interest Bearing Debt to EBITDA shall be made for the Relevant Period ending on the last day of the period covered by the most recent Financial Report.