Consolidated Tangible Net Worth Ratio Sample Clauses

Consolidated Tangible Net Worth Ratio. Permit the ratio of (i) the aggregate amount of all Indebtedness of the Parent and its Consolidated Subsidiaries, consolidated in accordance with GAAP, plus 100% of Product Acquisition Commitments of the Parent and its Consolidated Subsidiaries that support financings provided by the Lenders, plus 110% of all other Product Acquisition Commitments of the Parent and its Consolidated Subsidiaries, less the present value of related Off- Balance Sheet Receivables (but not more than the related portion of Product Acquisition Commitments), to (ii) Consolidated Tangible Net Worth to be greater than the ratio set forth below during the period corresponding thereto: Ratio Period ----- ------ 4.75:1 March 31, 1998 to June 29,1998 4.5:1 June 30, 1998 to September 29, 1998 4.0:1 September 30, 1998 to December 30, 1998 3.75:1 December 31, 1998 to March 30, 1999 3.5:1 March 31, 1999 and thereafter
Sample 1
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Consolidated 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 10.0 to 1.0.
Sample 1
Consolidated Tangible Net Worth Ratio. The Borrower ------------------------------------- will not permit Consolidated Tangible Net Worth to be less than the sum of $22,500,000 plus, on a cumulative basis, fifty percent (50%) of positive ---- Consolidated Net Income for each fiscal year of the Borrower ending on or after January 2, 1999."
Sample 1
Consolidated Tangible Net Worth Ratio. The Borrowers and ------------------------------------- their Subsidiaries, taken as a whole, shall maintain, for (and at all times during) each Fiscal Quarter beginning with the Initial Fiscal Quarter, a Consolidated Tangible Net Worth of not less than (w) eighty-five percent (85%) of Consolidated Tangible Net Worth as of the Effective Date plus (x) eighty- ---- five percent (85%) of the net proceeds resulting from any exercise of the underwriters' overallotment option in connection with the Parent Borrower Public Offering plus (y) fifty percent (50%) of Consolidated Net Income ---- (computed on a cumulative basis for each Fiscal Quarter during the term of this Agreement, from the Initial Fiscal Quarter to the date of determination plus (z) one hundred percent (100%) of the net proceeds from ---- the issuance for cash of any Capital Stock of the Borrowers, after the later of the Effective Date and the closing of any exercise of the underwriters' overallotment option in connection with the Parent Borrower Public Offering.
Sample 1

Related to Consolidated Tangible Net Worth Ratio

  • 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.

  • 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.

  • 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”).

  • 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.

  • 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.

  • 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 Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

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