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.
Appears in 1 contract
Sources: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Seller Guarantor shall not permit its or at any time after the Guarantor’s respective date hereof to have a 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 Guarantor2.50 to 1.00.
Appears in 1 contract
Sources: Parent Guaranty and Indemnity (KBS Real Estate Investment Trust, Inc.)
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Seller Guarantor shall not permit its or at any time after the Guarantor’s respective date hereof to have a 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 Guarantor2:50 to 1:00.
Appears in 1 contract
Sources: Parent Guaranty and Indemnity (KBS Real Estate Investment Trust, Inc.)
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Seller shall not permit its or Guarantor at any time after the Guarantor’s respective date hereof to have a 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 Guarantor2.50 to 1.00.
Appears in 1 contract
Sources: Master Repurchase Agreement (KBS Real Estate Investment Trust, Inc.)
Maintenance of Ratio of Total Indebtedness to Tangible Net Worth. The Seller shall not permit its or Guarantor at any time after the Guarantor’s respective date hereof to have a 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 Guarantor2:50 to 1:00.
Appears in 1 contract
Sources: Master Repurchase Agreement (KBS Real Estate Investment Trust, Inc.)