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