Total Debt to Capital Ratio means, at any time, the ratio of (a) the Total Debt at such time to (b) the sum of Total Debt plus the Borrower’s Net Worth at such time.
Total Debt to Capital Ratio means, as of the last day of any Fiscal Quarter, the ratio of: (i) Total Debt as of such day to (ii) Capital as of such day.
Total Debt to Capital Ratio in Section 1.1 of the Credit Agreement is hereby amended to state in its entirety as follows:
Examples of Total Debt to Capital Ratio in a sentence
Not permit the Total Debt to Capital Ratio as of the last day of any Fiscal Quarter to exceed 0.65 to 1.00.
Maintain a Total Debt to Capital Ratio as of the last day of each Fiscal Quarter after the date hereof of not more than 40%.
At all times after the date hereof, maintain a Total Debt to Capital Ratio of not more than 40%.
The Borrower shall maintain a Total Debt to Capital Ratio as of the last day of each Fiscal Quarter after the date hereof of not more than 40%.
Permit the Total Debt to Capital Ratio as of the last day of each fiscal quarter of any fiscal year of the Borrower to exceed 0.50 to 1.00.
More Definitions of Total Debt to Capital Ratio
Total Debt to Capital Ratio means the ratio for the Company, on a consolidated basis in accordance with GAAP, of its Indebtedness to the sum of its Indebtedness plus its Shareholders' Equity. For the purpose of the calculations of Indebtedness for this ratio, Indebtedness shall be reduced by an amount equal to the sum of (i) lesser of (A) 50% of any outstanding Subordinated Debt (the "Exchanged Debt") which has been exchanged for Subordinated Debt from preferred stock outstanding on the Closing Date and (B) $40,000,000 plus (ii) 50% of outstanding Intercompany Subordinated Debt, other than Exchanged Debt.
Total Debt to Capital Ratio means, at any time, the ratio of ---------------------------
Total Debt to Capital Ratio means the ratio for the Company, on a consolidated basis in accordance with GAAP, of its Indebtedness to the sum of its Indebtedness plus its Shareholders' Equity. For the purpose of the calculations of Indebtedness for this ratio, Indebtedness shall be reduced by an amount equal to the lesser of (i) 50% of any outstanding Subordinated Debt which has been exchanged for Subordinated Debt from preferred stock outstanding on the Closing Date and (ii) $40,000,000.
Total Debt to Capital Ratio means, as of any date of determination, the ratio of: (i) Total Debt as of such date to (ii) Capital as of such date.
Total Debt to Capital Ratio means the ratio, expressed as a percentage, of (i) the total aggregate indebtedness (including principal, interest, fees, expenses and other amounts) of the Group to (ii) the sum of (x) total aggregate indebtedness (including principal, interest, fees, expenses and other amounts) and (y) total aggregate equity, in each case of the Group, and in each case as derived from the then current books and records of the Group Members.
Total Debt to Capital Ratio means, on any date of determination, the ratio of (x) Consolidated Indebtedness on such date to (y) Total Capitalization on such date.