Ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth Clause Samples

The 'Ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth' clause sets a financial covenant that limits the amount of debt a company can have relative to its tangible net worth. Typically, this clause requires the company to maintain its total liabilities below a specified multiple of its tangible net worth, calculated by excluding intangible assets and goodwill from net worth. By imposing this restriction, the clause helps ensure the company remains financially stable and does not become over-leveraged, thereby protecting lenders or investors from excessive credit risk.
Ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth. The ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth will not at any time exceed 1.00 to 1.00.
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Ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth. The Borrowers shall have a ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth measured at the end of each fiscal quarter of not more than:
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Ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth. The Borrower will not permit the ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth as of the last day of any fiscal quarter ending during any period set forth in the table below to exceed the ratio set forth opposite such date in such table: 07/01/01-09/30/01 1.90:1.00 10/01/01-03/31/02 1.75:1.00 04/01/02 and thereafter 1.50:1.00
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Ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth. The Borrower shall not permit, and shall cause each of its Subsidiaries not to permit, for any period of four consecutive fiscal quarters, the ratio of Consolidated Total Liabilities for such period to Consolidated Tangible Net Worth for such period to be greater than 1.50 to 1.00.
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Related to Ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth

  • Consolidated Total Liabilities All liabilities of the Borrowers determined on a consolidated basis in accordance with GAAP.

  • Minimum Consolidated Net Worth Consolidated Net Worth will at no time be less than $550,000,000 plus 25% of the consolidated net income of the Borrower at the end of each fiscal quarter for each fiscal year commencing after the fiscal year ending December 31, 1994.

  • Minimum Consolidated Tangible Net Worth Commencing with the Fiscal Quarter ending June, 2006, Consolidated Tangible Net Worth will at no time be less than a cumulatively increasing amount equal to the sum of (i) $130,000,000 plus (ii) 50% of the Consolidated Net Income for each Fiscal Quarter ending September 20, 2006 and thereafter. In determining the minimum Consolidated Tangible Net Worth required by this Section 5.03, any negative Consolidated Net Income, computed cumulatively on an annual basis, shall be excluded.

  • Consolidated Tangible Net Worth The net worth of Seller and its consolidated subsidiaries, on a combined basis, determined in accordance with GAAP, minus (ii) all intangibles determined in accordance with GAAP (including goodwill, capitalized financing costs and capitalized administration costs but excluding originated and purchased mortgage servicing rights or retained residual securities) and any and all advances to, investments in and receivables held from affiliates; provided, however, that the non-cash effect (gain or loss) of any ▇▇▇▇-to-market adjustments made directly to stockholders’ equity for fluctuation of the value of financial instruments as mandated under the Statement of Financial Accounting Standards No. 133 (or any successor statement) shall be excluded from the calculation of Consolidated Tangible Net Worth.

  • Consolidated Total Leverage Ratio As of the last day of any fiscal quarter, permit the Consolidated Total Leverage Ratio to be greater than 3.00 to 1.00.