Debt to Total Capitalization Sample Clauses
The Debt to Total Capitalization clause defines a financial ratio that measures a company's total debt as a proportion of its total capitalization, which typically includes both debt and equity. In practice, this clause is often used in loan agreements or covenants to set a maximum allowable ratio, ensuring that the borrower maintains a balanced capital structure. By establishing this limit, the clause helps lenders manage risk by preventing the borrower from becoming excessively leveraged, thereby protecting the lender’s interests and promoting the financial stability of the borrower.
Debt to Total Capitalization. Incur Funded Debt of the Company and its Subsidiaries so that the ratio of Debt of the Company and its Subsidiaries to Total Capitalization is greater than 0.4 to 1.0.
Debt to Total Capitalization. Permit the Debt-to-Total Capitalization Ratio of Essent to exceed (i) at any time that Essent maintains an Investment Grade Rating, 0.30 to 1.00 and (ii) at all other times, 0.25 to 1.00.
Debt to Total Capitalization. (a) The ratio of (i) Funded Debt to (ii) Consolidated Total Capitalization shall not exceed 0.58:1 at any time; and
(b) The ratio of (i) Funded Debt to (ii) Consolidated Total Capitalization shall not exceed 0.55:1 at the end of any two consecutive fiscal quarters of the Borrower.
Debt to Total Capitalization. The Company shall not permit the Debt to Total Capitalization Ratio to exceed .40:1 as of the end of any fiscal quarter.
Debt to Total Capitalization. Maintain at all times a ratio of Adjusted Debt (as defined below) to Total Capitalization (as defined below) of not more than 0.68 to 1.
Debt to Total Capitalization. The ratio of Funded Debt to Consolidated Total Capitalization shall not at any time exceed (a) 0.62:1 from March 6, 1998 through December 31, 1998 or (b) 0.58:1 thereafter.
Debt to Total Capitalization. The Borrower will not at any time permit the ratio of Total Debt to Total Capitalization to exceed 0.3:1.0.
Debt to Total Capitalization. The Borrower will maintain at all times a ratio of consolidated Debt to consolidated Total Capitalization of not more than .70 to 1.00.
Debt to Total Capitalization. The Borrower shall maintain, on ---------------------------- a consolidated basis, at all times a ratio of (i) Debt to (ii) the sum of (a) Net Worth plus (b) Debt, all determined on a consolidated basis for the ---- Borrower and its Subsidiaries, not exceeding .60 to 1.0.
Debt to Total Capitalization. (a) Debt of the Company and Restricted Subsidiaries as of the date of this Officer's Certificate:
(i) Indebtedness for Borrowed Money. $______
(ii) Capitalized Lease Obligations. $______
(iii) Without double counting for items covered in (i) and (ii), Capitalized Lease Obligations of Non-Restricted Subsidiaries for which the Company or a Restricted Subsidiary is liable directly or indirectly under a Guaranty. $______
(iv) Subordinated Debt. $______
(v) Items (i) plus (ii) plus (iii) less Item (iv) equals Debt. $______
(b) Capital Base as of the date of this Officer's Certificate:
(i) Subordinated Debt. $______
(ii) Consolidated Shareholder's Equity. $______
(iii) FAS 106 Capital Base Factor. $______
(iv) All outstanding advances by the Company to, and investment of the Company in, Non-Restricted Sub- sidiaries. $______
(v) Value of all treasury stock of the Company carried as an asset. $______
(vi) The aggregate amount of all general intangibles of the Company and its Restricted Subsidiaries. $______
(vii) Item 3(b)(i) plus Item 3(b)(ii) plus Item 3(b)(iii) less Items 3(b)(iv), 3(b)(v) and 3(b)(vi) equals the Capital Base. $______
(c) Debt-Like Preferred Stock. $______
(d) Total Capitalization as of the date of this Officer's Certificate - the sum of Debt (Item 3(a)(v)) plus Capital Base (Item 3(b)(vii)) plus Debt-Like Preferred Stock (Item 3(c)) equals Total Capitalization. $______