Debt to Worth Ratio. Borrower shall maintain a ratio of Total Liabilities to Tangible Net Worth of no greater than 1.15:1.00. This covenant shall be monitored quarterly, and will commence with the fiscal quarter ending April 30, 2018. Sections 7.6.1 and 7.6.2 are not affected by this modification of Section 7.6.
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Samples: Fourth Loan Modification Agreement, Fourth Loan Modification Agreement (Optical Cable Corp)
Debt to Worth Ratio. Borrower shall maintain a ratio of Total Liabilities to Tangible Net Worth of no greater than 1.15:1.000.95:1.00. This covenant shall be monitored quarterly, and will commence with the fiscal quarter ending April 30October 31, 2018. Sections 7.6.1 and 7.6.2 are not affected by this modification of Section 7.6.
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Samples: Fifth Loan Modification Agreement (Optical Cable Corp)
Debt to Worth Ratio. Borrower shall maintain a ratio of Total Liabilities to Tangible Net Worth of no greater than 1.15:1.000.95:1.00. This covenant shall be monitored quarterly, quarterly and will commence with the fiscal quarter ending April 30, 20182016. Sections 7.6.1 and 7.6.2 are not affected by this modification of Section 7.6.(Credit Agreement)
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