Debt to Tangible Sample Clauses

Debt to Tangible. Net Worth Ratio. Prior to the Split-Up, UDC's Debt to Tangible Net Worth Ratio shall not exceed 2.1 to 1.0, calculated as of the end of each quarterly period in each fiscal year. After the Split-Up, the Company shall not permit the Company's Debt to Tangible Net Worth Ratio to exceed 3.0 to 1.0, calculated as of the end of each quarterly period in each fiscal year.
Sample 1Sample 2
AutoNDA by SimpleDocs
Debt to Tangible. Net Worth not to exceed 1.0:1: The ratio shall be defined as Total Liabilities divided by Tangible Net Worth.
Sample 1Sample 2
Debt to Tangible. Net Worth Ratio. Maintain, at all times, a Debt-to-Tangible Net Worth Ratio of not more than 0.60 to 1.00. Section 5.15
Sample 1
Debt to Tangible. Net-Worth Ratio. From and after January 31, 1997, at all times maintain a ratio of total debt to Tangible Net Worth of not more than 1.75 to 1.00 computed quarterly; provided, however, that for purposes of computing this ratio, "revenue participation bonds" (as those terms are used in Borrower's Financial Statements) will be subtracted from total liabilities, and any minority shareholder interest of a subsidiary of Borrower will be excluded from Borrower's total liabilities.
Sample 1
Debt to Tangible. Date Net Worth Ratio ---- ---------------- August 31, 1997 16.0 to 1 November 30, 1997 14.5 to 1 February 28, 1998 13.5 to 1 May 31, 1998 12.5 to 1 August 31, 1998 11.5 to 1 November 30, 1998 10.5 to 1 February 28, 1999 and thereafter 10.0 to 1
Sample 1
Debt to Tangible. Net Worth Ratio is defined as the dividend ratio of all Debt of the Borrower divided by its Tangible Net Worth, as determined by reference to the year-end audited financial statements of the Borrower commencing with those for the fiscal year ending September 30, 2009. Debt Service Coverage Ratio is defined as the dividend ratio of: [(net income, excluding other comprehensive income, + depreciation and amortization + interest) minus (dividends + distributions), divided by [current maturity loan term debt from the prior period financial statement + interest], as determined by reference to the year-end audited financial statements of the Borrower, commencing with those for the fiscal year ending September 30, 2009.
Sample 1
Debt to Tangible. Worth Ratio). Borrower shall at all times maintain a ratio of total liabilities (exclusive of any debt subordinated to indebtedness of Borrower to Lender pursuant to subordination agreements satisfactory to Lender) to tangible net worth of not more than 3.0 to 1.0 through September 30, 1997; 2.5 to 1.0 from October 1, 1997 through December 31, 1998; and-2.0 to 1.0 thereafter. For purposes of this covenant, "tangible net worth" shall have the meaning set forth in Section 6.2 hereof.
Sample 1
AutoNDA by SimpleDocs

Related to Debt to Tangible

  • Debt to Tangible Net Worth Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 1.0:1.0.

  • Title to Tangible Assets The Company and its Subsidiaries have good title to their properties and assets and good title to all their leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than or resulting from taxes which have not yet become delinquent and minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company and its Subsidiaries and which have not arisen otherwise than in the ordinary course of business.

  • Debt to Worth Ratio To maintain at all times, on a consolidated basis, a ratio of Total Liabilities to Tangible Net Worth not exceeding 1.10 to 1.00.

  • Title to Tangible Personal Property Seller has good and valid title to, or a valid leasehold interest in, all Tangible Personal Property included in the Purchased Assets, free and clear of Encumbrances except for Permitted Encumbrances.

  • No Material Deviation in Financial Statements All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank.

  • No Material Deterioration in Financial Condition; Financial Statements All consolidated financial statements for Borrower and its Subsidiaries, delivered to Collateral Agent fairly present, in conformity with GAAP, in all material respects the consolidated financial condition of Borrower and its Subsidiaries, and the consolidated results of operations of Borrower and its Subsidiaries. There has not been any material deterioration in the consolidated financial condition of Borrower and its Subsidiaries since the date of the most recent financial statements submitted to any Lender.

  • Debt Coverage Ratio Permit, as of the close of any fiscal quarter, the ratio of (a) quarterly EBITDAX to (b) Debt Service to be less than 2.50 to 1.0.

  • Tangible Assets The Target owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

  • Intangible Assets 4,912 Other assets........................................................... 113,928 Total assets........................................................... 6,920,723 CONTINUED ON NEXT PAGE

  • Net Tangible Assets Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) remaining after the closing of the Purchaser Share Redemption.

Time is Money Join Law Insider Premium to draft better contracts faster.