Examples of Total Interest Bearing Debt in a sentence
The Issuer shall ensure that the Group (on a consolidated basis) at all times maintains Free Liquid Assets of minimum 6% of Total Interest Bearing Debt.
Total Interest Bearing Debt to Total Shareholders’ EquityNot over 1.75 times1.093.
If the Issuer fails (or would otherwise fail) to comply with the Leverage Ratio set out in paragraph (b) of Clause 14.4.1 for any Relevant Period, and within 25 Business Days of delivery of the compliance certificate for that Relevant Period, the Issuer receives net cash proceeds from any New Shareholder Injections (a “Cure Amount”), then the Leverage Ratio shall be recalculated giving effect to a pro forma adjustment by reducing Total Interest Bearing Debt by the Cure Amount.
Minimum Free CashThe Issuer undertakes to maintain Free Cash of no less than the higher of (i) USD 35,000,000, and (ii) an amount equal to 3.5% of the Total Interest Bearing Debt.
Total Interest Bearing Debt: means, on any date, the consolidated book value of the Issuer's total interest-bearing debt, less any interest-bearing debt of any Group Company, any JV Company or a member of the HMLP Group financed without any recourse to any (other) Group Company, calculated in accordance with GAAP.