Common use of Debt to Worth Ratio Clause in Contracts

Debt to Worth Ratio. Borrower will maintain, at all times, a ratio of (a) total liabilities (excluding any Subordinated Debt), to (b) Tangible Net Worth of not greater than 2.50 to 1.0.

Appears in 2 contracts

Samples: Loan Agreement (Calloways Nursery Inc), Loan Agreement (Calloways Nursery Inc)

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Debt to Worth Ratio. Borrower will maintain, Maintain at all times, times a ratio of (a) total liabilities (excluding any Subordinated Debt), Debt to (b) Tangible Net Worth of not greater higher than 2.50 1.4 to 1.01.

Appears in 1 contract

Samples: Credit Agreement (Sei Ii L P)

Debt to Worth Ratio. Borrower will maintain, shall at all times, times maintain a ratio of (a) total liabilities (excluding exclusive of any Subordinated Debt), debt subordinated to (bindebtedness of Borrower to Lender pursuant to subordination agreements satisfactory to Lender) Tangible Net Worth to tangible net worth of not greater more than 2.50 1.75 to 1.0. For purposes of this covenant, "tangible net worth" shall have the meaning set forth in Section 6.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Radio Systems Corp)

Debt to Worth Ratio. Borrower will maintain, at all times, a ratio of (a) total liabilities (excluding any Subordinated DebtDebt and all indebtedness of FCC Acceptance Corp. under the Receivables Agreement), to (b) Tangible Net Worth of not greater than 2.50 3.5 to 1.0.

Appears in 1 contract

Samples: Loan Agreement (Us Home Systems Inc /Tx)

Debt to Worth Ratio. Borrower will maintain, at all times, a ratio of (a) total liabilities (excluding any Subordinated Debt), to (b) Tangible Net Worth of not greater than 2.50 2.5 to 1.0, tested quarterly.

Appears in 1 contract

Samples: Loan Agreement (Craftmade International Inc)

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Debt to Worth Ratio. Borrower will maintain, at all times, a ratio of (a) total liabilities (excluding any Subordinated Debt), to (b) Tangible Net Worth (“Debt to Worth Ratio”) of not greater than 2.50 3.0 to 1.0, tested quarterly.

Appears in 1 contract

Samples: Loan Agreement (Craftmade International Inc)

Debt to Worth Ratio. Borrower will maintain, at all times, times maintain a ratio of of: (a1) total liabilities (excluding any Subordinated Borrower's Debt), to (b2) the Tangible Net Worth of Borrower, of not greater more than 2.50 to 1.01.50:1.00.

Appears in 1 contract

Samples: Secured Term Loan and Revolving Credit Agreement (Georesources Inc)

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