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 3.5 to 1.0 beginning September 30, 2005; and 3.0 to 1.0 beginning December 31, 2005 and thereafter, tested quarterly. If Borrower’s Debt to Worth Ratio exceeds 3.0 to 1.0 then Borrower will not make any stock repurchases.
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Samples: Loan Agreement (Craftmade International Inc), Loan Agreement (Craftmade International Inc), Loan Agreement (Craftmade International 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 of not greater than 4.5 to 1.0; and 4.0 to 1.0 beginning June 30, 2005; and 3.5 to 1.0 beginning September 30, 2005; and 3.0 to 1.0 beginning December 31, 2005 and thereafter, tested quarterly. If Borrower’s 's Debt to Worth Ratio exceeds 3.0 to 1.0 then Borrower will not make any stock repurchases.. THIRD AMENDMENT TO LOAN AGREEMENT
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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 of not greater than 3.5 3.25 to 1.0 after June 30, 2001, and 3.0 to 1.0 beginning September 30, 2005; and 3.0 to 1.0 beginning December 31, 2005 2001 and thereafter, tested quarterly. If Borrower’s Debt to Worth Ratio exceeds 3.0 to 1.0 then Borrower will not make any stock repurchases.
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