Examples of Value Adjusted Equity in a sentence
Definitions: Equity Ratio: means the ratio of Value Adjusted Equity to Value Adjusted Total Assets.
In connection with the Bond Issue, the Company summoned to a bondholders’ meeting with the purpose of aligning the financial covenants with the nature of the Company’s business introducing inter alia the Market Value Adjusted Equity Ratio covenant.
The Dan Swift Cover Ratio was at 1.76:1.00, above the threshold of 1.75:1.00, the Value Adjusted Equity Ratio was 53%, above the threshold of 30%, and the Liquidity was USD 27,500,000, above the threshold of USD 5,000,000.
The Minimum Value Adjusted Equity Ratio of the Guarantor (on a consolidated basis) was [•].
Coverage Ratio / Liquidity: Value Adjusted Equity Ratio: The Issuer shall ensure that the Group on a consolidated basis on the last day of any fiscal quarter maintain either:(i) A Coverage Ratio of minimum 2.00:1.00 until 1 January 2010 and minimum 2.50:1:00 thereafter; or(ii) Cash and cash equivalents plus available and unused commitments under any credit lines (in excess of 6 months) of the Group in an amount of no less than NOK 300,000,000.