Common use of Debt to Tangible Net Worth Clause in Contracts

Debt to Tangible Net Worth. Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 2.00:1.00. "Tangible Net Worth" shall mean net worth increased by indebtedness of Borrower subordinated to Bank and decreased by patents, licenses, trademarks, trade names, goodwill and other similar intangible assets, organizational expenses, and monies due from affiliates (including officers, shareholders and directors).

Debt to Tangible Net Worth. Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 2.00:1.001.10:1.0. "Tangible Net Worth" shall mean net worth increased by indebtedness of Borrower subordinated to Bank and decreased by patents, licenses, trademarks, trade names, goodwill and other similar intangible assets, organizational expenses, and monies due from affiliates (including officers, shareholders and directors).

Debt to Tangible Net Worth. Borrower will at all times maintain a ratio of total liabilities to tangible net worth Tangible Net Worth of not greater than 2.00:1.001.0:1.0. "“Tangible Net Worth" shall mean ” means Borrower’s net worth increased by indebtedness of Borrower subordinated to Bank and decreased by patents, licenses, trademarks, trade names, goodwill and other similar intangible assets, organizational expenses, security deposits, prepaid costs and expenses and monies due from affiliates (including officers, shareholders and directors).

Debt to Tangible Net Worth. Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 2.00:1.000.5:1.0. "Tangible Net Worth" shall mean net worth increased by indebtedness of Borrower subordinated to Bank and decreased by patents, licenses, trademarks, trade names, goodwill goodwill, and other similar intangible assets, organizational expenses, and monies due from affiliates (including officers, shareholders and directors).

Debt to Tangible Net Worth. Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater grater than 2.00:1.000.5:1.0. "Tangible Net Worth" shall mean net worth increased by indebtedness of Borrower subordinated to Bank and decreased by patents, licenses, trademarks, trade names, goodwill and other similar intangible assets, organizational expenses, and monies due from affiliates (including officers, shareholders and directors).

Debt to Tangible Net Worth. Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 2.00:1.001.50:1.0. "Tangible Net Worth" shall mean net worth increased by indebtedness of Borrower subordinated to Bank and decreased by patents, licenses, trademarks, trade names, goodwill and other similar intangible assets, organizational expenses, and monies due from affiliates (including officers, shareholders and directors).