Examples of Total Consolidated Indebtedness in a sentence
Permit the ratio of Total Consolidated Indebtedness at the last day of any fiscal quarter of the Company to Total Capitalization at such date to be greater than 0.87 to 1.0, in each case without giving effect to ARB51, FIN 46(R) or FAS 66 in each case in relation to the Company’s affordable tax credit syndication business.
The Guarantor will not permit the ratio of its Total Consolidated Indebtedness to Total Consolidated Capitalization to be more than (i) 0.65:1 at any time from and including January 1 to and including September 30 of each year and (ii) 0.55:1 at any time from and including October 1 to and including December 31, of each year.
Total Consolidated Indebtedness and Indebtedness for purposes of this Section 3.1 shall not include any Intercompany Indebtedness.
Total Consolidated Indebtedness to Annualized Pro Forma Consolidated Operating Cash Flow Ratio..............................................
For purposes of calculating the Indebtedness Ratio, Total Consolidated Indebtedness for Money Borrowed shall not include the aggregate principal amount of proceeds from Indebtedness incurred on the Closing Date which have been deposited and remain in escrow with the trustee of the Stone Savannah Senior Subordinated Note Indenture pursuant to Section 6.1(l)(iv) or Indebtedness which has been defeased and is no longer treated as Indebtedness for purposes of generally accepted accounting principles.