Tangible Net Worth Ratio Sample Clauses
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Tangible Net Worth Ratio. Section 17.13 of the Repurchase Agreement is amended and restated in its entirety to read as follows:
Tangible Net Worth Ratio. At all times, the ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) the Seller’s Consolidated Tangible Net Worth shall not be more than 8.0 to 1.0.
Tangible Net Worth Ratio. At all times, the ratio of (i) Total Liabilities to (ii) Adjusted Tangible Net Worth shall not be more than 14.0 to 1.0.
Tangible Net Worth Ratio. The Company will not permit the ratio of Indebtedness to Tangible Net Worth to exceed 3.25 to 1.00 as of the last day of any fiscal quarter of the Company. For purposes of this Section 6.12, Indebtedness shall be determined with reference to the balance sheet included with the most recent financial statements delivered pursuant to Section 5.01(a) or (b), as applicable.
Tangible Net Worth Ratio. Section 6.6 of the Credit Agreement is deleted and is replaced by the following:
Tangible Net Worth Ratio. The ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) the Company’s Consolidated Tangible Net Worth shall not be more than 12.0 to 1.0 as of the end of each calendar month.
Tangible Net Worth Ratio. The ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) Borrower's Consolidated Tangible Net Worth shall not be more than 12.0 to 1.0 as of the end of each calendar month.
Tangible Net Worth Ratio. Borrower on a consolidated basis shall maintain, as of the last day of each calendar quarter, a maximum ratio of Total Liabilities less Subordinated Debt to Tangible Net Worth plus Subordinated Debt, as follows: Measurement Date Maximum Debt/TNW ---------------- ---------------- September 30, 1996 2.5:1.0 December 31, 1996 2.5:1.0 March 31, 1997 2.0:1.0 June 30, 1997 2.0:1.0
Tangible Net Worth Ratio. Borrower must maintain a Debt /Tangible Net Worth not in excess of 0.400 to 1.000. The ratio “Debt / Tangible Net Worth” means Borrower’s Total Liabilities divided by Borrower’s Tangible Net Worth. This leverage ratio will be evaluated as of month-end.
Tangible Net Worth Ratio. Borrower shall maintain, as of the last ------------------------ day of each month, a Tangible Net Worth Ratio of not more than 6.0:1.00. As of December 31, 2000, Borrower shall maintain, as of the last day of each month, a Tangible Net Worth Ratio of not more than 5.0:1.00.