Maintenance of Ratio of Total Indebtedness to Tangible Net Worth Sample Clauses
The 'Maintenance of Ratio of Total Indebtedness to Tangible Net Worth' clause requires a borrower to keep its total debt within a specified proportion relative to its tangible net worth. In practice, this means the borrower must regularly calculate and report this ratio, ensuring that its outstanding loans and obligations do not exceed a certain multiple of its net assets, excluding intangible items like goodwill. This clause serves to protect lenders by limiting the borrower's leverage, thereby reducing the risk of default and maintaining the financial stability of the borrower throughout the term of the agreement.
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Guarantor shall not permit its ratio of Total Indebtedness to Tangible Net Worth at any time to be greater than 12:1.
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Seller shall not permit the ratio of Total Indebtedness to Tangible Net Worth at any time to be greater than [***].
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. Aames Capital shall not permit the ratio of Total Indebtedness to Tangible Net Worth at any time to be greater than 5.50 to 1.00.
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. Seller shall not permit the ratio of Total Indebtedness to Tangible Net Worth of AHMIC and its consolidated Subsidiaries at any time to be greater than 13:1.
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Seller shall not permit its or the Guarantor’s respective ratio of Total Indebtedness to Tangible Net Worth at any time to be greater than 10:1 in the case of the Seller and 5:1 in the case of the Guarantor.
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Guarantor shall not permit the ratio of Total Indebtedness (not taking into account the aggregate outstanding amount borrowed by the Guarantor under any secured financing facilities for which adequate collateral has been pledged thereunder by the Guarantor) to Tangible Net Worth, on a consolidated basis and on any given day, to be greater than 10:1;
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. Borrower shall not permit the ratio of Total Indebtedness to Tangible Net Worth at any time to be greater than 3:1. Lender may consider waiving the foregoing requirements under certain circumstances if requested by Borrower; however, Lender shall be under no obligation to do so.
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Borrower shall not permit the ratio of Total Indebtedness to Tangible Net Worth at any time to be greater than 8:1.
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Guarantor’s ratio of Total Indebtedness to Tangible Net Worth shall not at any time be greater than 2.5:1;
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The ratio of Total Indebtedness to Tangible Net Worth (the “Tangible Net Worth Ratio”) at the end of each fiscal quarter shall not be greater than 3.0:1.0;