Common use of Corporate Debt to Tangible Net Worth Clause in Contracts

Corporate Debt to Tangible Net Worth. [Borrower][Guarantor] has at the end of each calendar month complied with the Corporate Debt to Tangible Net Worth Ratio covenant pursuant to Section 5.1(a)(iii) of the Agreement during the fiscal [quarter] [month] ending on the Certification Date. The information provided below is true, complete and accurate as of the Certification Date: (A) Corporate Debt: $[__].[__] (B) Adjusted Tangible Net Worth: $[__].[__] (A) over (B) is at least equal to or greater than [__]:1.00.

Appears in 3 contracts

Samples: Credit Agreement (Home Point Capital Inc.), Credit Agreement (Home Point Capital Inc.), Credit Agreement (Home Point Capital Inc.)

AutoNDA by SimpleDocs

Corporate Debt to Tangible Net Worth. [Borrower][Guarantor] has at the end of each calendar month complied with the Corporate Debt to Tangible Net Worth Ratio covenant pursuant to Section 5.1(a)(iii) of the Agreement during the fiscal [quarter] [month] ending on the Certification Date. The information provided below is true, complete and accurate as of the Certification Date: (A) Corporate Debt: $[__].[__] (B) Adjusted Tangible Net Worth: $[__].[__] (A) over (B) is at least equal to or greater than [__***]:1.00.

Appears in 2 contracts

Samples: Credit Agreement (Home Point Capital Inc.), Credit Agreement (Home Point Capital Inc.)

AutoNDA by SimpleDocs

Corporate Debt to Tangible Net Worth. [[ Borrower][Guarantor] has at the end of each calendar month complied with the Corporate Debt to Tangible Net Worth Ratio covenant pursuant to Section 5.1(a)(iii) of the Agreement during the fiscal [quarter] [month] ending on the Certification Date. The information provided below is true, complete and accurate as of the Certification Date: (A) Corporate Debt: $[__].[__] (B) Adjusted Tangible Net Worth: $[__].[__] (A) (A) over (B) is at least equal to or greater than [__***]:1.00.

Appears in 1 contract

Samples: Credit Agreement (Home Point Capital Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!