Common use of Gearing Clause in Contracts

Gearing. The Borrower must ensure that Total Borrowings are always less than 65% of Total Assets at that time.

Appears in 2 contracts

Sources: Credit Facility Agreement (Seaspan CORP), Credit Facility Agreement (Seaspan CORP)

Gearing. The Borrower must ensure that Total Borrowings are always less than 65% 65 per cent. of Total Assets at that time.

Appears in 1 contract

Sources: Credit Facility Agreement (Seaspan CORP)