Leverage Coverage Ratio. A. Total Debt $____________ B. Hedging Obligations $____________ C. Consolidated Debt (Item A minus Item B) $____________ D. Consolidated Net Worth $____________ E. Intangible Assets $____________ F. Capitalized Expenses $____________ G. Tangible Net Worth (Item D minus E minus F) $____________ H. Item C plus Item G $____________ I. Ratio of Item C to Item H ____________% Item I is not permitted to exceed 30%
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Sources: Credit Agreement (Montpelier Re Holdings LTD), Credit Agreement (Montpelier Re Holdings LTD)
Leverage Coverage Ratio. A. Total Debt $____________ $ ----------------
B. Hedging Obligations $____________ $ ----------------
C. Consolidated Debt (Item A minus Item B) $____________ $ ----------------
D. Consolidated Net Worth $____________ $ ----------------
E. Intangible Assets $____________ $ ----------------
F. Capitalized Expenses $____________ $ ----------------
G. Tangible Net Worth (Item D minus E minus F) $____________ $ ----------------
H. Item C plus Item G $____________ $ ----------------
I. Ratio of Item C to Item H ____________% Item ---------------- ITEM I is not permitted to exceed IS NOT PERMITTED TO EXCEED 30%
Appears in 1 contract