Common use of Funded Debt to Total Capitalization Clause in Contracts

Funded Debt to Total Capitalization. The Seller, on a consolidated basis, will maintain a ratio of Funded Debt to Total Capitalization not to exceed 60% (.60 to 1.0) at all times, calculated on a quarterly basis.

Appears in 1 contract

Sources: Receivables Sale and Servicing Agreement (Wabash National Corp /De)

Funded Debt to Total Capitalization. The SellerBorrowers and their Subsidiaries will maintain, on a consolidated basis, will maintain a ratio of Funded Debt to Total Capitalization of not to exceed 60% (.60 to 1.0) greater than .65:1.00 as at all times, calculated on a quarterly basisthe close of each fiscal quarter.

Appears in 1 contract

Sources: Credit Agreement (Central Sprinkler Corp)

Funded Debt to Total Capitalization. The SellerBorrower, on a consolidated basis, will maintain a ratio of Funded Debt to Total Capitalization not to exceed 60% (.60 to 1.0) at all times, calculated on a quarterly basis.

Appears in 1 contract

Sources: Loan Agreement (Wabash National Corp /De)