Indebtedness to Consolidated Tangible Net Worth Ratio definition

Indebtedness to Consolidated Tangible Net Worth Ratio of the Issuer means, with respect to any determination date, the ratio of (i) Indebtedness of the Issuer and its Restricted Subsidiaries (other than Indebtedness incurred under clauses (6), (7), (8), (9), (10), (12), (14), (15), (16), (17), (18), (21), (22), (23) and (24) of Section 4.10(b)) to (ii) Consolidated Tangible Net Worth of the Issuer, in each case, as of the determination date. The Indebtedness to Consolidated Tangible Net Worth Ratio shall be calculated on a pro forma basis consistent with the pro forma adjustments set forth in the definition of Fixed Charge Coverage Ratio.
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Indebtedness to Consolidated Tangible Net Worth Ratio of the Issuer means, with respect to any determination date, the ratio of (i) Indebtedness of the Issuer and the Restricted Subsidiaries (other than Indebtedness incurred under clauses (6), (7), (8), (9), (10), (12), (14), (15), (16), (17), (18), (21), (22), (23) and (24) of Section 4.10(b)) outstanding on such date after giving effect to incurrences and repayments of Indebtedness occurring on such date to (ii) Consolidated Tangible Net Worth of the Issuer as of the determination date; provided that Consolidated Tangible Net Worth shall be calculated on a pro forma basis to reflect any transaction pursuant to which any Person becomes or ceases to be a Restricted Subsidiary (including the designation of an Unrestricted Subsidiary as a Restricted Subsidiary or vice versa) or is merged or amalgamated with or into the Issuer or one of the Restricted Subsidiaries or another Person or pursuant to which any Person’s assets are acquired or disposed of after the end of the fiscal quarter for which Consolidated Tangible Net Worth was calculated (including any such transactions occurring on the date of determination), as if such transaction occurred on the last day of such fiscal quarter. For purposes of this definition, whenever pro forma effect is to be given to any calculation under this definition, the pro forma calculations will be determined in good faith by a responsible financial or accounting officer of the Issuer.
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Indebtedness to Consolidated Tangible Net Worth Ratio of the Issuer means, with respect to any determination date, the ratio of (i) Indebtedness of the Issuer and its Restricted Subsidiaries (other than Indebtedness incurred under clause (6), (7), (8), (9), (10), (12), (14), (15), (16), (17), (18) and (24) of the definition of “Permitted Debt”) to (ii) Consolidated Tangible Net Worth of the Issuer, in each case, as of the determination date. The Indebtedness to Tangible Net Worth Ratio shall be calculated on a pro forma basis consistent with the pro forma adjustments set forth in the definition of Fixed Charge Coverage Ratio.
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Examples of Indebtedness to Consolidated Tangible Net Worth Ratio in a sentence

  • Maintenance of Consolidated Indebtedness to Consolidated Tangible Net Worth Ratio .

  • Each item of Indebtedness, Disqualified Stock or Preferred Stock that is incurred, assumed or issued, each Lien incurred and each other transaction undertaken will be deemed to have been incurred, assumed, issued or taken first, to the extent available, pursuant to the relevant Fixed Charge Coverage Ratio, Consolidated Total Indebtedness to Consolidated Tangible Net Worth Ratio or other ratio-based test.

  • Any provision of this Agreement that requires the Borrower to be in compliance or compliance on a Pro Forma Basis with the Consolidated Indebtedness to Consolidated Tangible Net Worth Ratio prior to December 31, 2016 shall be deemed to require that the Consolidated Indebtedness to Consolidated Tangible Net Worth Ratio not be greater than 5.00:1.00.

  • Any provision of this Agreement that requires the Borrower to be in compliance or compliance on a Pro Forma Basis with the Consolidated Indebtedness to Consolidated Tangible Net Worth Ratio prior to March 31, 2016 shall be deemed to require that the Consolidated Indebtedness to Consolidated Tangible Net Worth Ratio not be greater than 5.00:1.00.


More Definitions of Indebtedness to Consolidated Tangible Net Worth Ratio

Indebtedness to Consolidated Tangible Net Worth Ratio of the Issuer means, with respect to any determination date, the ratio of (i) Indebtedness of the Issuer and the Restricted Subsidiaries (other than Indebtedness incurred under clauses (6), (7), (8), (9), (10), (12), (14), (15), (16), (17), (18), (21), (22), (23) and (24) of Section 4.10(b)) outstanding on such date after giving effect to incurrences and repayments of Indebtedness occurring on such date to
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Indebtedness to Consolidated Tangible Net Worth Ratio of the Issuer means, with respect to any determination date, the ratio of (i) Indebtedness of the Issuer and its Restricted Subsidiaries (other than Indebtedness incurred under clauses (6), (7), (8), (9), (10), (12), (14), (15), (16), (17), (18), (21), (22),
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Related to Indebtedness to Consolidated Tangible Net Worth Ratio

  • Consolidated Tangible Net Worth means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, Shareholders’ Equity of the Borrower and its Subsidiaries on that date minus the Intangible Assets of the Borrower and its Subsidiaries on that date.

  • Consolidated Tangible Net Assets means, on any date of determination and with respect to any Person at any time, the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the consolidated balance sheet of such Person and its Consolidated Subsidiaries most recently delivered to the Lenders pursuant to Section 5.01(i) as of such date of determination, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the consolidated current liabilities of such Person and its Consolidated Subsidiaries appearing on such balance sheet.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Consolidated Indebtedness means, at any date of determination, an amount equal to the aggregate amount of all Indebtedness of the Company and its Restricted Subsidiaries outstanding as of the date of determination.

  • Consolidated Asset Coverage Ratio means the ratio, determined on a consolidated basis for Borrower and its Subsidiaries, without duplication, of (a) the value of total assets of the Borrower and its Subsidiaries, less all liabilities and indebtedness not represented by senior securities to (b) the aggregate amount of senior securities representing indebtedness of Borrower and its Subsidiaries (including this Agreement), in each case as determined pursuant to the Investment Company Act and any orders of the Securities and Exchange Commission issued to or with respect to Borrower thereunder, including any exemptive relief granted by the Securities and Exchange Commission with respect to the indebtedness of any SBIC Subsidiary.