Debt to Clause Samples

Debt to. Capitalization Ratio — a Debt to Capitalization Ratio of not greater than 35% at all times; and

Debt to. CAPITALIZATION RATIO - a Debt to Capitalization Ratio at the end of each fiscal quarter of not greater than 0.60.

Debt to. EBITDA Ratio of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

Debt to equity ratio means the ratio of total liabilities to total equity capital less goodwill.

Debt to. CAPITALIZATION -- Borrower will not suffer or permit as at the end of each fiscal quarter of Borrower the ratio of its funded indebtedness to its funded indebtedness plus its net worth to exceed sixty percent (60%). For purposes of this subsection, revolving loans shall constitute funded indebtedness.

Debt to. Earnings Ratio Section 8.10..................................................Leverage Ratio Section 8.11.................................

Debt to. Tangible Net Worth Ratio is defined as Borrower’s total liabilities over Borrower’s Tangible Net Worth. Tangible Net Worth is defined as the value of Borrower’s total assets (including leaseholds and reserves against assets, but excluding goodwill, patents, trademarks, trade names, organization expense, unamortized debt discount and expenses, capitalized or deferred research and development costs, deferred marketing expenses, and other like intangibles, and monies due from affiliates, officers, directors, employees, shareholders, members or managers of Borrower) less total liabilities, including but not limited to accrued and deferred income taxes, but excluding any and all debt that is subordinated to Lender.