Total Liabilities to Adjusted Tangible Net Worth Ratio. The ratio of Total Liabilities to Adjusted Tangible Net Worth shall not be more than 3.0:1.0 at the end of each Fiscal Quarter (the “Total Liabilities to Adjusted Tangible Net Worth Ratio”). (l) Section 8.6 of the Agreement is modified and restated as follows:
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Sources: First Modification Agreement (Neighborhoods V, LLC)
Total Liabilities to Adjusted Tangible Net Worth Ratio. The ratio of Total Liabilities to Adjusted Tangible Net Worth shall not be more than 3.0:1.0 at the end of each Fiscal Quarter (the “Total Liabilities to Adjusted Tangible Net Worth Ratio”).
(l) Section 8.6 of the Agreement is modified and restated as follows:
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