Common use of Debt to Worth Ratio Clause in Contracts

Debt to Worth Ratio. Borrower shall at all times maintain a ratio of total liabilities (exclusive of any debt subordinated to indebtedness of Borrower to Lender pursuant to subordination agreements satisfactory to Lender) to tangible net worth of not more than 2.0 to 1.0. For purposes of this covenant, intangible net worth" shall have the meaning set forth in Section 6.2 hereof.

Debt to Worth Ratio. Borrower and Corporate Guarantors shall at all times maintain a ratio of total liabilities (exclusive of any debt subordinated to indebtedness of Borrower to Lender pursuant to subordination agreements satisfactory or Corporate Guarantor to Lender) to tangible net worth of not more than 2.0 to 1.0, calculated on a consolidated basis. For purposes of this covenant, intangible "tangible net worth" shall have the meaning set forth in Section 6.2 SECTION 6.1 hereof.

Debt to Worth Ratio. Borrower and Guarantors shall at all times maintain a ratio of total liabilities (exclusive of any debt subordinated to indebtedness of Borrower to Lender pursuant to subordination agreements satisfactory or Guarantors to Lender) to tangible net worth of not more than 2.0 to 1.0, calculated on a consolidated basis. For purposes of this covenant, intangible "tangible net worth" shall have the meaning set forth in Section 6.2 6.1 hereof.

Debt to Worth Ratio. Borrower and Guarantors shall at all times maintain a ratio of total liabilities (exclusive of any debt subordinated to indebtedness of Borrower to Lender pursuant to subordination agreements satisfactory or Guarantors to Lender) to tangible net worth of not more than 2.0 to 1.0, calculated on a consolidated basis. For purposes of this covenant, intangible "tangible net worth" shall have the meaning set forth in Section 6.2 SECTION 6.1 hereof.