Maximum Leverage. The Borrower shall maintain a ratio of Net Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
Appears in 6 contracts
Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Maximum Leverage. The Borrower Guarantor shall maintain a ratio of Net Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
Appears in 3 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Maximum Leverage. The Borrower shall maintain a ratio of Net Debt to Consolidated Total Capitalization Capitalisation of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarterAccounting Period.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.)
Maximum Leverage. The Borrower shall maintain a ratio of Net Consolidated Funded Debt to Consolidated Total Capitalization of not more than 0.60 0.65 to 1.001.0, to be tested on the last day of each fiscal quarter.
Appears in 1 contract
Maximum Leverage. The Borrower shall maintain a ratio of Net Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
Appears in 1 contract
Samples: Scorpio Bulkers Inc.
Maximum Leverage. The Borrower Guarantor shall maintain a ratio of Net Consolidated Funded Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
Appears in 1 contract
Maximum Leverage. The Borrower shall maintain a ratio of Net Consolidated Funded Debt to Consolidated Total Capitalization of not more than 0.60 .60 to 1.00, to be tested on the last day of each fiscal quarter.
Appears in 1 contract
Maximum Leverage. The Borrower shall maintain a ratio of Net Consolidated Funded Debt to Consolidated Total Capitalization of not more than 0.60 to 1.00, to be tested on the last day of each fiscal quarter.
Appears in 1 contract
