Total Debt to Capitalization Ratio means the Company’s Total Debt, divided by the sum of Total Debt plus the Company’s capitalization, as shown on the Company’s balance sheet.
Total Debt to Capitalization Ratio means (a) the Company’s Total Debt, divided by (b) the sum of (i) Total Debt plus (ii) the Company’s capitalization, as shown on the Company’s balance sheet plus (iii) if positive, Sharyland’s capitalization, as shown on its balance sheet. In connection with any transaction or series of related transactions not prohibited by this Agreement (including by waiver, consent or amendment given or made in accordance with Article XVII) pursuant to which the Company or any Subsidiary makes any acquisition or disposition of assets with a fair market value greater than $1,000,000, the Total Debt to Capitalization Ratio shall be calculated on a pro forma basis after giving effect to such transaction or series of related transactions as a whole (including any related incurrence, repayment or assumption of Indebtedness).
Examples of Total Debt to Capitalization Ratio in a sentence
Permit the Total Debt to Capitalization Ratio, expressed as a percentage, to exceed 60% at any time.
The Borrower will not permit the Consolidated Total Debt to Capitalization Ratio as of the end of any fiscal quarter of the Borrower to be greater than 0.75 to 1.00.
The Borrower will not permit the Total Debt to Capitalization Ratio, expressed as a percentage, to exceed 65% at any time.
The Credit Parties will not at any time permit the Total Debt to Capitalization Ratio as of the end of any fiscal quarter to exceed 60%.
Permit the Total Debt to Capitalization Ratio to exceed 0.30 to 1.0 at any time.
More Definitions of Total Debt to Capitalization Ratio
Total Debt to Capitalization Ratio means, as of any date of determination, with respect to the Borrower and its Subsidiaries, that ratio of (a) all Debt of the Borrower and its Subsidiaries at such time to (b) the sum at such time of (i) the Borrower’s shareholders’ equity (including Capital Stock, additional paid-in capital and retained earnings), as determined in accordance with GAAP, plus (ii) all Debt of the Borrower and its Subsidiaries.
Total Debt to Capitalization Ratio means, as of any date of determination, the ratio of (x) Total Debt as of such date to (y) the sum of (i) Total Debt plus (ii) Net Worth as of such date as reflected on the most recent balance sheet of the Company delivered to the Administrative Agent.
Total Debt to Capitalization Ratio means the Borrower’s Total Debt, divided by the sum of Total Debt plus the Borrower’s Consolidated Net Worth. In connection with any transaction or series of related transactions not prohibited by this Agreement (including by waiver, consent or amendment given or made in accordance with Section 12.12) pursuant to which the Borrower or any Subsidiary makes any acquisition or disposition of assets with a fair market value greater than $1,000,000, the Total Debt to Capitalization Ratio shall be calculated on a pro forma basis after giving effect to such transaction or series of related transactions as a whole (including any related incurrence, repayment or assumption of Indebtedness).
Total Debt to Capitalization Ratio means, with respect to the Company, (a) the Total Debt, divided by (b) the sum of (i) Total Debt plus (ii) the Company’s Consolidated Net Worth for such period plus (iii) if positive, Sharyland’s Consolidated Net Worth for such period.
Total Debt to Capitalization Ratio means, as at any date, the ratio of (a) Total Debt on such date to (b) Capitalization on such date.
Total Debt to Capitalization Ratio means as of the last day of any period, the ratio of (a) Total Debt on such day to (b) Consolidated Capitalization on such day.