Common use of Gearing Clause in Contracts

Gearing. Unless waived by the Facility Agent (acting on the instructions of the Majority Lenders) the Guarantor must ensure that Total Borrowings are always less than sixty five per cent (65%) of Total Assets at that time.

Gearing. Unless waived by the Facility Agent (acting on the instructions of the Majority LendersLenders which must always include the Mandated Lead Arrangers for so long as they remain Lenders under this Facility) the Guarantor Borrower must ensure that Total Borrowings are always less than sixty five per cent (65%) of Total Assets at that time.

Gearing. Unless waived by the Facility Agent (acting on the instructions of the Majority Lenders) the Guarantor Borrower must ensure that Total Borrowings are always less than sixty five per cent (65%) of Total Assets at that time.