Ratio of Consolidated. Total Liabilities to Consolidated ------------------------------------------------------- Tangible Net Worth. The Company will not permit the ratio of Consolidated ------------------ Total Liabilities to Consolidated Tangible Net Worth to exceed 1.65:1 at any time." (c) Section 1 is hereby amended to insert, in correct alphabetical order, a new definition of "Consolidated Tangible Net Worth" to read in its entirety as follows:
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Ratio of Consolidated. Total Liabilities to Consolidated ------------------------------------------------------- Tangible Net Worth. The Company will not permit the ratio of Consolidated ------------------ ------------------- Total Liabilities to Consolidated Tangible Net Worth to exceed 1.65:1 1.25:1 at any time."
(cb) Section 1 11.7 is hereby amended to insert, in correct alphabetical order, a new definition of "Consolidated Tangible Net Worth" to read in its entirety as follows:
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Ratio of Consolidated. Total Liabilities to Consolidated ------------------------------------------------------- Tangible Net Worth. The Company will not permit the ratio of Consolidated ------------------ Total Liabilities to Consolidated Tangible Net Worth to exceed 1.65:1 at any time.";
h) (c) Section 1 is hereby S)7.8 of the Note Agreements shall be amended to insert, in correct alphabetical order, a new definition of "Consolidated Tangible Net Worth" to read in its entirety as follows:
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Sources: Note Purchase and Guarantee Agreement (Chart House Enterprises Inc)