Debt to Capitalization Ratio means, with respect to the Borrower, as of any date of determination, the ratio of (a) Total Debt for the Borrower as of such date to (b) Total Capitalization for the Borrower as of such date.

Debt to Capitalization Ratio means at any time the ratio of (x) Consolidated Total Debt to (y) the sum of (i) Consolidated Total Debt plus (ii) Consolidated Net Worth.

Debt to Capitalization Ratio means the ratio of Consolidated Funded Indebtedness to Total Capital.

## Examples of *Debt to Capitalization Ratio* in a sentence

Commencing with the first full fiscal quarter ending immediately after the Closing Date, the Company will not permit the

**Debt to Capitalization Ratio**, calculated as of the last day of each fiscal quarter for which financial statements have been delivered pursuant to Section 5.01(a) or 5.01(b), to exceed 0.35:1.00.

## More Definitions of *Debt to Capitalization Ratio*

Debt to Capitalization Ratio means the ratio of (a) Consolidated Funded Debt to (b) Consolidated Capitalization.

Debt to Capitalization Ratio means, at any time, the ratio of Consolidated Debt to Consolidated Capitalization.

Debt to Capitalization Ratio means, on any date, the ratio of (a) Debt to Capitalization Ratio Indebtedness as of such date, to (b) Consolidated Total Capitalization as of such date.

Debt to Capitalization Ratio means, as of any date, the ratio (stated as a percentage) of (a) Indebtedness of the Consolidated Group less all Unrestricted Cash in excess of $25,000,000, to (b) Capitalization.

Debt to Capitalization Ratio means at any time the ratio of (x) Consolidated Total Indebtedness to (y) the sum of (i) Consolidated Total Indebtedness plus (ii) Consolidated Net Worth.

Debt to Capitalization Ratio means, at the time of determination, the ratio of (a) Consolidated Funded Indebtedness to (b) the sum of the Consolidated Funded Indebtedness plus Shareholders’ Equity.

Debt to Capitalization Ratio means, as of any date of calculation thereof, the ratio of (i) Consolidated Covenant Indebtedness to (ii) the sum of Consolidated Covenant Indebtedness plus Consolidated Shareholders’ Equity.