Consolidated Liabilities to Tangible Net Worth Ratio Sample Clauses

Consolidated Liabilities to Tangible Net Worth Ratio. Section 6.18 is deleted in its entirety and replaced with the following: On or before July 31, 1999, the Borrowers shall provide in writing to the Bank their Ratio of Consolidated Liabilities to Consolidated Tangible Net Worth as of the end of the fiscal quarter ending June 30, 1999.
Sample 1
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Consolidated Liabilities to Tangible Net Worth Ratio. The Borrowers shall maintain on a consolidated basis a ratio of Consolidated Liabilities to Consolidated Tangible Net Worth of less than (a) 7.00 to 1.0 as of the end the fiscal quarter ending September 30, 1998, (b) 6.75 to 1.00 as of the end the fiscal quarter ending December 31, 1998, (c) 5.75 to 1.00 as of the end the fiscal quarter ending March 31, 1999, and (d) 4.75 to 1.00 as of the end the fiscal quarter ending June 30, 1999; provided, however, that in the event the CARS Transaction is consummated, in lieu of the requirements in clauses (b), (c) and (d) above, the Borrowers shall be required to maintain on a consolidated basis, a ratio of Consolidated Liabilities to Consolidated Tangible Net Worth of less than (x) 5.50 to 1.0 as of the end the fiscal quarter ending December 31, 1998, (y) 4.50 to 1.0 as of the end the fiscal quarter ending March 31, 1999, and (z) 3.75 to 1.00 as of the end the fiscal quarter ending June 30, 1999.
Sample 1

Related to Consolidated Liabilities to Tangible Net Worth Ratio

  • Total Liabilities to Tangible Net Worth Ratio Maintain a ratio of total liabilities to Tangible Net Worth of less than .80 to 1.0 as of the end of each fiscal quarter.

  • Total Liabilities to Tangible Net Worth Permit or suffer the ratio of the consolidated Total Liabilities of the Company and its subsidiaries to the consolidated Tangible Net Worth of the Company and its subsidiaries to be greater than 1.85 to 1.00.

  • Consolidated Tangible Net Worth (i) 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 xxxx-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.

  • Minimum Consolidated Tangible Net Worth (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.

  • Consolidated Net Worth Borrower will at the end of each fiscal quarter maintain Consolidated Net Worth in an amount of not less than the sum of (i) $625,000,000 plus (ii) fifty percent (50%) of the aggregate Consolidated Net Income, if positive, for the period beginning January 1, 2005 and ending on the last day of such fiscal quarter.

  • Minimum Consolidated Net Worth Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$11,250,000,000 (“Minimum Amount”).

  • Consolidated Total Liabilities All liabilities of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles.

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

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