Common use of Consolidated Tangible Net Worth Ratio Clause in Contracts

Consolidated Tangible Net Worth Ratio. Permit the ratio of (i) the aggregate amount of all Indebtedness of the Parent and its Consolidated Subsidiaries, consolidated in accordance with GAAP, plus 100% of Product Acquisition Commitments of the Parent and its Consolidated Subsidiaries that support financings provided by the Lenders, plus 110% of all other Product Acquisition Commitments of the Parent and its Consolidated Subsidiaries, less the present value of related Off-Balance Sheet Receivables (but not more than the related portion of Product Acquisition Commitments), to (ii) Consolidated Tangible Net Worth to be greater than the ratio set forth below during the period corresponding thereto: Ratio Period ----- ------ 5.5:1 March 31, 1998 to June 29, 1998 5.25:1 June 30, 1998 to September 29, 1998 4.75:1 September 30, 1998 to December 30, 1998 4.25:1 December 31, 1998 to March 30, 1999 3.75:1 March 31, 1999 to June 29, 1999 3.5:1 June 30, 1999 and thereafter (d) Schedule 2 of the Credit Agreement is hereby amended by amending the Allowable Amount for Viacom/Paramount under the heading "Acceptable Major Domestic Account Debtors (95%)" to read "6,000,000".

Consolidated Tangible Net Worth Ratio. Permit the ratio of (i) the aggregate amount of all Indebtedness of the Parent and its Consolidated Subsidiaries, consolidated in accordance with GAAP, plus 100% of Product Acquisition Commitments of the Parent and its Consolidated Subsidiaries that support financings provided by the Lenders, plus 110% of all other Product Acquisition Commitments of the Parent and its Consolidated Subsidiaries, less the present value of related Off-Off- Balance Sheet Receivables (but not more than the related portion of Product Acquisition Commitments), to (ii) Consolidated Tangible Net Worth to be greater than the ratio set forth below during the period corresponding thereto: Ratio Period ----- ------ 5.5:1 4.75:1 March 31, 1998 to June 29, 1998 5.25:1 29,1998 4.5:1 June 30, 1998 to September 29, 1998 4.75:1 4.0:1 September 30, 1998 to December 30, 1998 4.25:1 3.75:1 December 31, 1998 to March 30, 1999 3.75:1 3.5:1 March 31, 1999 to June 29, 1999 3.5:1 June 30, 1999 and thereafter (d) Schedule 2 of the Credit Agreement is hereby amended by amending the Allowable Amount for Viacom/Paramount under the heading "Acceptable Major Domestic Account Debtors (95%)" to read "6,000,000".