Debt to Worth Ratio. Borrower shall cause to be maintained on a consolidated basis a ratio of total Indebtedness (excluding the current portion of Subordinated Debt) to Tangible Net Worth of not greater than 15.00 to 1.00.”
Appears in 2 contracts
Samples: Term Loan and Security Agreement (New World Brands Inc), Credit Line and Security Agreement (New World Brands Inc)
Debt to Worth Ratio. Borrower shall cause to be maintained on a consolidated basis a ratio of total Indebtedness (excluding the current portion of Subordinated Debt) to Tangible Net Worth of not greater than 15.00 2.5 to 1.001.”
Appears in 2 contracts
Samples: Credit Line and Security Agreement (New World Brands Inc), Term Loan and Security Agreement (New World Brands Inc)
Debt to Worth Ratio. Borrower shall cause to be maintained on a consolidated basis a ratio of total Indebtedness (excluding the current portion of Subordinated Debt) to Tangible Net Worth of not greater than 15.00 2.50 to 1.00.”
Appears in 1 contract
Samples: Term Loan and Security Agreement (New World Brands Inc)
