Funded Debt to Tangible Net Worth. Guarantors will not allow the ratio of Consolidated Funded Debt to Consolidated Tangible Net Worth to be more than .9 to 1.0 as of the end of any fiscal quarter.
Funded Debt to Tangible Net Worth. Borrower agrees to maintain a ratio of Funded Debt to Tangible Net Worth of not more than 2.10 to 1.00 measured quarterly.
Funded Debt to Tangible Net Worth. The Borrowers shall not permit the ratio of Funded Debt to Tangible Net Worth to be greater than 0.70 to 1 as of the end of any fiscal quarter, commencing with fiscal quarter ending December 31, 1997, tested as set forth in Section 1.3 hereof.
Funded Debt to Tangible Net Worth. The ratio of Consolidated Funded Debt to Consolidated Tangible Net Worth shall not be more than .80 to 1.00 at December 31, 1997.
Funded Debt to Tangible Net Worth. Permit the ratio of (A) the aggregate principal amount of all outstanding Indebtedness for borrowed money of Alon USA and its Consolidated Subsidiaries, less the aggregate principal amount of and accrued and unpaid interest on all outstanding Subordinated Investor Notes of Alon USA and its Consolidated Subsidiaries, in each case at the end of each Fiscal Quarter, to (B) Consolidated Tangible Net Worth of Alon USA and its Consolidated Subsidiaries at the end of each such Fiscal Quarter, to be greater than 3.33:1.0.
Funded Debt to Tangible Net Worth. Borrowers will not permit the ratio of their outstanding Funded Debt to Borrowers' Tangible Net Worth, on a consolidated basis, to exceed 3.60 : 1.00 for the period commencing November 30, 1996 through August 30, 1997 as measured on the last day of each fiscal quarter during such period. On August 31, 1997, Borrowers' ratio of outstanding Funded Debt to Tangible Net Worth shall reduce to 3.40 : 1.00 and such ratio shall remain in effect as measured on the last day of each fiscal quarter thereafter during the term of this Agreement.
Funded Debt to Tangible Net Worth. The Borrowers shall not permit the ratio of Funded Debt to Tangible Net Worth at any time to be greater than 0.70 to 1, tested as set forth in Section 1.3 hereof.
Funded Debt to Tangible Net Worth. To maintain on a consolidated basis a ratio of funded debt PLUS the product of (i) lease expense PLUS rent expense times (ii) six (6.0) to tangible net worth not exceeding 1.
Funded Debt to Tangible Net Worth. The Company will not permit the ratio of Consolidated Funded Debt to Consolidated Tangible Net Worth, determined as of the end of each of its fiscal quarters to be greater than 0.15 to 1.0.
Funded Debt to Tangible Net Worth. Section 10.2 of the Credit Agreement is hereby amended by deleting the ratio "1.0 to 1" occurring in the third line of such Section and substituting in lieu thereof the ratio "2.0 to 1".
