Debt to Tangible Net Worth. The Borrower on a consolidated basis with Guarantor and each Subsidiary shall maintain a Debt to Net Worth Ratio of no greater than 1.5 to 1.0 until the Loan is paid in full.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement (Conrad Industries Inc), Loan Agreement (Conrad Industries Inc)
Debt to Tangible Net Worth. The Borrower on a consolidated basis with Guarantor and each Subsidiary shall maintain a Debt to Net Worth Ratio of no greater than 1.5 1.75 to 1.0 until the Loan is paid in full.
Appears in 1 contract
