Debt to Effective Tangible Net Worth Sample Clauses

Debt to Effective Tangible Net Worth. Borrower shall maintain a ratio of Debt to Effective Tangible Net Worth of not more than 2.00 to 1.0, to be measured on a quarterly basis.
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Debt to Effective Tangible Net Worth. Maintain a Debt to Effective Tangible Net Worth (defined as total debt divided by effective tangible net worth defined as total assets, less intangible assets, loans to shareholders/affiliates/officers/employees, less total liabilities plus subordinated debt) not to exceed 1.3 to 1.
Debt to Effective Tangible Net Worth. On and after June 30, 2005, permit the ratio of Borrower's Debt to ETNW to be no greater than 2.25 to 1.0, which ratio shall change to be no greater than 2.50 to 1.0 on and after June 30, 2006, tested annually." 9. Borrower acknowledges that in the event Lender agrees to renew the Revolving Loan beyond the Termination Date of the Revolving Loan, Lender reserves the right to impose revised new and/or additional financial covenants relating to the Revolving Loan. 10. In order to induce Bank to continue to provide financing under the Revolving Loan and extend the revolving credit facility, Borrower represents and warrants to Bank that except as disclosed in Borrower's Annual Report on Form 10-K for the Fiscal Year ended June 30, 2004, Borrower's Quarterly Reports on Form 10-Q for the quarterly periods ended September 30, 2004, December 31, 2004, press releases, and except as disclosed to Bank, since June 30, 2004, there has been (1) no material adverse change in the financial condition, assets, liabilities, business or operation (financial or otherwise) of Borrower or any Guarantor and (2) no damage, destruction or loss of any of Borrower's or any Guarantor's property, whether or not covered by insurance, materially and adversely affecting Borrower's or any Guarantor's business or property. 11. Any reference in any document executed and/or delivered in connection with the Loan Agreement to the "Agreement" or the "Loan Agreement" shall mean the revolving loan agreement dated December 23, 2002 as amended by the first amendment dated October 23, 2003 and this Agreement. All of the provisions of the Restated Secured Revolving Note, the Loan Agreement or any other document executed or delivered in connection with the Loan Agreement (collectively, the "Loan Documents") are amended so that such terms shall be consistent with the provisions of this Agreement. Notwithstanding the foregoing and to the extent that there is any inconsistency between the provisions of those agreements and this Agreement, the provisions of this Agreement shall govern.
Debt to Effective Tangible Net Worth. Maintain a ratio of total liabilities to Effective Tangible Net Worth of less than 0.60 to 1.00.
Debt to Effective Tangible Net Worth. Cause, suffer or permit Borrower's Debt to Effective Tangible Net Worth Ratio for the period set forth below to be greater than the levels set forth below, tested quarterly: Ratio Time Period
Debt to Effective Tangible Net Worth. Maintain a maximum Debt to Effective Tangible Net Worth ratio of 0.50 to 1.00. Beginning March 31, 2002, maintain a maximum Debt to Effective Tangible Net Worth ratio of 0.75 to 1.00. Beginning June 30, 2002, maintain a maximum Debt to Effective Tangible Net Worth ratio of 1.00 to 1.00. Beginning September 30, 2002, maintain a maximum Debt to Effective Tangible Net Worth ratio of 1.25 to 1.00.
Debt to Effective Tangible Net Worth. Maintain on a quarterly basis a consolidated ratio of total liabilities to Effective Tangible Net Worth (defined as stockholder's equity less any value for goodwill, trademarks, patents, copyrights, leaseholds, organization expense and other similar intangible items, and any amounts due from stockholders, officers and affiliates) of not greater than 2.00:1.0.
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Debt to Effective Tangible Net Worth. The Combined Borrower's shall not permit the ratio of its Indebtedness minus Subordinated Indebtedness to Effective Tangible Net Worth to be greater than 2.00 to 1.00, tested quarterly.
Debt to Effective Tangible Net Worth. A ratio of Total Liabilities less Subordinated Debt to Tangible Net Worth plus Subordinated Debt of not more than 1.00 to 1.00.

Related to Debt to Effective Tangible Net Worth

  • Minimum Consolidated Tangible Net Worth Borrower shall not permit Consolidated Tangible Net Worth to be less than $600,000,000 plus eighty-five percent (85%) of the Net Proceeds of any Equity Issuance received after the Agreement Execution Date.

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $731,508,263 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Tangible Net Worth The Seller will not permit its tangible net worth, at any time, to be less than $10,000,000.

  • 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 Tangible Net Worth 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 Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Maintenance of Tangible Net Worth The Borrower shall maintain during each Fiscal Quarter a Tangible Net Worth of not less than the Minimum Tangible Net Worth.

  • Certain Financial Covenants In addition to the covenants described in Section 5.1 and Section 5.2, so long as any Commitment remains in effect, any Advance is outstanding or any amount is owing to any Lender hereunder or under any other Loan Document, the Borrower will perform and comply with each of the covenants set forth on Schedule VI.

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

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