Gearing. The Guarantor must ensure that its Total Borrowings are always less than 65% of its Total Assets.
Gearing. The Company must ensure that the ratio of Consolidated Total Net Borrowings (as at each Testing Date) to Consolidated EBITDA (for the Measurement Period ending on that Testing Date) is not more than 3:1.
Gearing. The Company must ensure that Consolidated Total Net Borrowings do not at any time exceed 100 per cent. of Consolidated Tangible Net Worth at that time.
Gearing. Without the prior written approval of the Board, the debt to capital ratio (calculated by reference to current market values) of a Non- New Zealand Portfolio Entity shall not exceed 55%. If it is proposed that the ratio be higher than 55%, the Manager shall provide the Company with a study demonstrating that there is a net benefit to it in the higher gearing. This study shall have specific regard to the relevant asset, the greater financial risks that flow from increased gearing and the higher expected returns to equity.53
Gearing. The Company must ensure that the ratio of Consolidated Total Net Borrowings (including all Loans disbursed and outstanding) to Consolidated EBITDA is not, at the end of each Measurement Period, greater than 2.5 to 1.
Gearing. The Borrower must ensure that Total Borrowings are always less than 65% of Total Assets at that time.
Gearing. Unless waived by the Facility Agent (acting on the instructions of the Majority Lenders which must always include the Mandated Lead Arrangers for so long as they remain Lenders under this Facility) the Borrower must ensure that Total Borrowings are always less than sixty five per cent (65%) of Total Assets at that time.
Gearing. (a) The Company must ensure that the ratio of Consolidated Net Borrowings of the Group to Consolidated Tangible Net Worth of the Group:
Gearing. CDFCUK must ensure that Consolidated Total Net Borrowings do not at any time exceed 100 per cent. of Consolidated Tangible Net Worth at that time.
Gearing. Imperial shall ensure that the ratio of Consolidated Total Net Borrowings at the end of each Measurement Period ending on or after 1 March 2007 to Consolidated EBITDA for that Measurement Period does not exceed 4.00:1.
