Debt-Equity Ratio. The ratio of the Company’s debt to equity must not at any time exceed [ / ]. For the purposes of this Section:
Debt-Equity Ratio. (i) The Borrower shall have provided evidence to the satisfaction of the Lenders that the ratio of Debt to Equity for meeting the Project Cost does not exceed 75:25. The Facility Agent shall have received a certificate from an Authorized Officer of the Borrower confirming that the Debt to Equity ratio of the Borrower would not exceed 75:25 after the relevant Drawdown. For the purpose of calculating Debt to Equity ratio, any Cost Overrun which has been funded by way of subscription to Equity shall be excluded.
Debt-Equity Ratio. The Company shall not permit the ratio of (i) consolidated Indebtedness of the Company and its Subsidiaries (excluding Indebtedness incurred by Hermes Europe Railtel B.V. ("Hermes") identified on Schedule A ("Hermes Debt")) to (ii) consolidated shareholders' equity of the Company and its Subsidiaries, (including Hermes equity and minority interests determined in accordance with GAAP) computed in accordance with GAAP (except as provided herein), at any time to be greater than the ratio set forth with respect to any quarter in the table below: Quarter Ending -------------- Fiscal Year March 31 June 30 Sept. 30 Dec. 31 ----------- -------- ------- -------- ------- 1995 -- -- -- -- 1996 65% 65% 65% 65% 1997 and 60% 60% 60% 60% Subsequent 60% 60% 60% 60% Years
Debt-Equity Ratio. The Borrower shall not permit (i) the Debt-Equity Ratio at any time to exceed 4:1 or (ii) its debt-equity ratio calculated in accordance with and pursuant to the rules and regulations of the Central Bank to exceed the ratio from time to time required to be maintained by the Borrower thereunder.
Debt-Equity Ratio. The Guarantor shall not permit the Debt-Equity Ratio (as defined in the following sentence) to exceed 6:1 at any time. "Debt-Equity Ratio" shall mean, at any time, the ratio of total liabilities to total equity of the Guarantor and "total liabilities" and "total equity", as used herein, shall have the respective meanings assigned to such term under generally accepted accounting principles in Korea applied on a basis consistent with those used in the preparation of the financial statements referred to in Section 4.01.
Debt-Equity Ratio. The debt-equity ratio as on the date of Commercial operation shall be taken as 70:30 for determination of tariff irrespective of the actual quantum of debt and equity.
Debt-Equity Ratio. The Company shall maintain a Debt/Equity Ratio of no greater than 1.5 to 1, that is, for every S$1 of Total Shareholder Funds, there shall not be more than S$1.50 of
Debt-Equity Ratio. The Members will try to assure that the Company's debt to equity ratio does not exceed 1:1. If such debt to equity ratio exceeds 1:1, the Members will meet and try to establish a plan to reduce the ratio.
Debt-Equity Ratio. The Company shall maintain a Debt/Equity Ratio of no greater than 1.5 to 1, that is, for every S$1 of Total Shareholder Funds, there shall not be more than S$1.50 of External Bank Borrowings. In the event that the Debt/Equity Ratio exceeds 1.5 to 1, then the General Manager shall inform the Board of Directors thereof at the next Board meeting.
Debt-Equity Ratio. IPFF expects the ratio to be maximum of 10 times for PFIs operating for at least 5 years and 5 times for PFIs operating for less than 5 years (but not less than 3 years). Debt / equity ratio = Long term monetary liabilities at the end of a period Shareholders’ equity at the end of the same period Monetary liabilities would include all the outstanding components including the current portions.The maximum debt / equity ratio under Bank projects would not normally exceed 10 times, with a lower ceiling of FIs with a relatively shorter track record. Noted Points: • The PFIs must consider lease advances, lease deposits, term deposits as liabilities. • Non-monetary liabilities such as deferred liabilities should be excluded. • Current liabilities such as payable and accrued expenses should not be included.
