Common use of Debt to Tangible Net Worth Clause in Contracts

Debt to Tangible Net Worth. Maintain at all times a consolidated ratio of total liabilities to 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 of any amounts due from stockholders, officers and affiliates) or not greater than 1.50:1.0" Default: Actual Debt to Tangible Net Worth was 3.97 to l.00.

Appears in 1 contract

Samples: Forbearance Agreement (Dental Medical Diagnostic Systems Inc)

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Debt to Tangible Net Worth. Maintain at all times a consolidated ratio of total liabilities to 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 of any amounts due from or investments in stockholders, officers and affiliates) or ), of not greater than 1.50:1.0" Default: Actual Debt 0.75 to Tangible Net Worth was 3.97 to l.001.00.

Appears in 1 contract

Samples: Credit Agreement (Motorvac Technologies Inc)

Debt to Tangible Net Worth. Maintain at all times on a quarterly basis a consolidated ratio of total liabilities to 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 of any amounts due from stockholders, officers and affiliates) or of not greater than 1.50:1.0" Default: Actual Debt to Tangible Net Worth was 3.97 to l.002.00:1.

Appears in 1 contract

Samples: Credit Agreement (Capital Title Group Inc)

Debt to Tangible Net Worth. Maintain at all times a consolidated ratio of total liabilities to 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 of any amounts due from stockholders, officers and affiliates) or of not greater than 1.50:1.0" Default: Actual Debt to Tangible Net Worth was 3.97 to l.00."

Appears in 1 contract

Samples: Promissory Note and Credit Agreement Amendment (Dental Medical Diagnostic Systems Inc)

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Debt to Tangible Net Worth. Maintain at all times a consolidated ratio of total liabilities to 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 of any amounts due from stockholders, officers and affiliates) or not greater than 1.50:1.0" Default: Actual Debt to Tangible Net Worth was 3.97 to l.00negative.

Appears in 1 contract

Samples: Forbearance Agreement (Dental Medical Diagnostic Systems Inc)

Debt to Tangible Net Worth. Maintain at all times a consolidated ratio of total liabilities to 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 of any amounts due from stockholders, officers and affiliates) or of not greater than 1.50:1.0" Default: Actual Debt to Tangible Net Worth was 3.97 to l.00.

Appears in 1 contract

Samples: Credit Agreement (Dental Medical Diagnostic Systems Inc)

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