Minimum Equity Ratio definition
Minimum Equity Ratio means 25%. “Net Indebtedness” means the sum of:
Minimum Equity Ratio means the ratio (expressed as a percentage) of Shareholder Equity to Total Assets and "Shareholder Equity" means Total Assets less Total Liabilities and "Total Assets" means at any time, in accordance with GAAP, the consolidated book value of all assets (both tangible and intangible) owned by the Borrower at the relevant time and "Total Liabilities" means at any time, the consolidated book value of long term and short term debt and other liabilities which in accordance with GAAP shall be included in a balance sheet.
Minimum Equity Ratio has the meaning given to it in Clause 13.4.1(i);
Examples of Minimum Equity Ratio in a sentence
The Minimum Equity Ratio of the Borrower on a consolidated basis on the last day of each financial quarter shall be at least 20%.
The covenant in Clause 14.2.5 (Minimum Equity Ratio) is thus [not] satisfied.
Notwithstanding the foregoing, no Unrestricted Subsidiary may own any Material Intellectual Property without the prior written consent of the Administrative Agent.
The covenant in Clause 20.2.5 (Minimum Equity Ratio) is thus [not] satisfied.
More Definitions of Minimum Equity Ratio
Minimum Equity Ratio means the weighted average of the ratemaking equity ratios for Washington Gas in its three state regulatory jurisdictions, based on the respective rate base in each jurisdiction, less five percentage points. 154
Minimum Equity Ratio means the weighted average of the ratemaking equity ratios for Washington Gas in its three state regulatory jurisdictions, based on the respective rate base in each jurisdiction, less five percentage points.