Gearing Sample Clauses
The Gearing clause defines the ratio of a company's debt to its equity, often used as a financial metric in loan agreements or investment contracts. This clause typically specifies acceptable gearing levels that the company must maintain, and may require regular reporting or impose restrictions if the ratio exceeds agreed thresholds. Its core practical function is to manage financial risk by ensuring the company does not become over-leveraged, thereby protecting the interests of lenders or investors.
POPULAR SAMPLE Copied 1 times
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 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 (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 Company must ensure that Consolidated Total Borrowings do not at any time exceed 35 per cent. of Consolidated Tangible Net Worth at that time.
Gearing. The Company must ensure that the ratio of (1) Consolidated Total Net Borrowings to (2) Consolidated EBITDA on the last day of each Measurement Period is less than or equal to 3.0:1.
Gearing. The Borrower must ensure that Total Borrowings are always less than 65% of Total Assets 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.
Gearing. Unless waived by the Facility Agent (acting on the instructions of the Majority Lenders) the Borrower must ensure that Total Borrowings are always less than sixty five per cent (65%) of Total Assets at that time.
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. The Parent shall not permit the Equity to Total Assets Ratio, as of the last day of any Financial Quarter of the Parent, to be less than 0.35 to 1.0.