Maximum Debt definition

Maximum Debt has the meaning set forth in Clause 3.5.1(ii).

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Maximum Debt shall have the meaning indicated in Section 3.3 of Clause Third hereof. Business Days: Those days other than Saturdays and Sundays on which banks generally do business in the cities of Santiago (Chile) and Madrid (Spain).

Maximum Debt means Pro Forma Operating Cash Flow of Borrower and its Subsidiaries for the periods set forth below multiplied by the debt multiple set forth opposite each such period.

Examples of Maximum Debt in a sentence

• Any Debt, issued with a pledge or which results in a pledge, that exceeds the Maximum Debt Mill Levy and the Maximum Debt Mill Levy Imposition Term, shall be deemed a material modification of this Service Plan pursuant to Section 32-1-207, C.R.S. and shall not be an authorized issuance of Debt unless and until such material modification has been approved by the City as part of a Service Plan Amendment.

• The District shall not consent to the organization of any other district organized under the Special District Act within the Service Area which will overlap the boundaries of the District unless the aggregate mill levy for payment of Debt of such proposed districts will not at any time exceed the Maximum Debt Mill Levy of the District.

• Maximum Debt Limit, if any, shall mean the amount more particularly described in Schedule ‘‘A’’ hereof.

• The Parties acknowledge and agree that the Base Acquisition Price was defined based on the assumption that, on August 31, 2020, the Easynvest Companies, the Easynvest Operational Companies and the Broker, however the case may be, have defined the Minimum Own Funds, the Maximum Debt, the Minimum Equity and the Minimum Basel Index.

• The Parties agree that the events that generate possible adjustments shall not be considered twice (bis in idem) and, therefore, the Acquisition Price Adjustment shall be equivalent to the minimum value of the potential capital increase on the Adjustment Base Date in the Easynvest Companies, which would be necessary for simultaneous verification of the Minimum Own Funds, the Maximum Debt, the Minimum Equity and the Minimum Basel Index.

• The Maximum Debt Covenant requires that non-performing loans and foreclosed real estate be excluded from the asset value of the Company’s Portfolio Loans when calculating the maximum amount of debt allowable.

• Maximum Debt Limit, if any, shall mean the amount specified in Appendix “A” hereto.

• Borrower's Debt to Capitalization Ratio shall be no more than the Maximum Debt to Capitalization Ratio.

• After giving effect to such Credit Event and any Equity Contributions made on the Credit Event Date, the Debt to Capitalization Ratio shall not exceed the then current Maximum Debt to Capitalization Ratio.

• Breach the Maximum Debt Covenant as defined in Borrower’s Confidential Private Offering Memoranda, dated February 1, 2013.

More Definitions of Maximum Debt

Maximum Debt. TO WORTH RATIO OF 1:1. MINIMUM EFFECTIVE TANGIBLE NET WORTH OF $2,200,000.

Maximum Debt. EBITDA RATIO: on each date during any Relevant Period ending on a Relevant Date set out in the table below, the ratio of Total Borrowings on that date to Annualised EBITDA ("MAXIMUM LEVERAGE RATIO") for the Relevant Period ended on or (if that date is not a Relevant Date) most recently before that date will not exceed the ratio set out in the relevant column in the table below opposite the Relevant Period ending on that Relevant Date;

Maximum Debt shall have the meaning ascribed thereto in Section 2.9(a).

Maximum Debt means Guarantor’s Debt less (i) customer deposits, and (ii) subordinated debt due to shareholders of Guarantor.