Funded Debt to Tangible Net Worth Ratio Sample Clauses

Funded Debt to Tangible Net Worth Ratio. The ratio of Borrower’s (i) Funded Debt to its (ii) Tangible Net Worth shall be less than 3.75 to 1.0 as determined in accordance with GAAP consistently applied. “Funded Debt” shall mean the Borrower’s loans and obligations with a maturity of one year or more which bears interest including the Committed, Revolving Note.”
Sample 1
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Funded Debt to Tangible Net Worth Ratio. Maintain on a consolidated basis a ratio of Funded Debt to Tangible Net Worth, measured as of each fiscal quarter end, not exceeding 2.0 to 1.
Sample 1
Funded Debt to Tangible Net Worth Ratio. The ratio of Borrower’s (i) Funded Debt to its (ii) tangible net worth shall be less than 2.00 to 1.0 as determined in accordance with GAAP consistently applied. “Funded Debt” shall mean the Borrower’s loans and obligations with a maturity of one year or more which bears interest including the Note. Both of these covenants described in 11.6.1 and 11.6.2 are to be tested quarterly, based upon the Borrowers financial statements which are to be provided by the Borrower to the Bank in accordance with Sections 11.1 and 11.2, above, and tested as of the end of each fiscal quarter .
Sample 1
Funded Debt to Tangible Net Worth Ratio. Borrower will maintain a ratio of Funded Debt to Tangible Net Worth of not more than 0.50:1.00. The financial covenant under this Section 10.3 shall be calculated and tested on a quarterly basis as of the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending June 30, 2017.
Sample 1
Funded Debt to Tangible Net Worth Ratio. Permit the Funded Debt to Tangible Net Worth Ratio to be greater than 0.75 to 1.0 as of the end of any fiscal quarter of Borrower.
Sample 1
Funded Debt to Tangible Net Worth Ratio. A. Funded Debt (Line III.A.7.) $ B. Equity $ C. Intangible Assets $ D. Funded Debt to Tangible Net Worth Ratio (Line V.A. ÷ (V.B. – V.C.) $ E. Maximum Funded Debt to Tangible Net Worth Ratio 0.75 to 1.00
Sample 1
Funded Debt to Tangible Net Worth Ratio. The ratio of the Borrowers' funded debt to tangible net worth shall not exceed 1.0:1, tested quarterly. Funded debt shall be defined as interest-bearing debt plus capitalized lease obligations.
Sample 1
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Funded Debt to Tangible Net Worth Ratio. The Companies, on a consolidated basis, shall maintain a ratio of Funded Debt to Tangible Net Worth of not more than 1.2:1.00 as at December 31, 1996 and as at the close of each and every fiscal quarter thereafter.
Sample 1
Funded Debt to Tangible Net Worth Ratio. Section 6.40(a) of the Loan Agreement is hereby deleted in its entirety and replaced with the following: (a) Borrower shall maintain a ratio of Funded Debt to Tangible Net Worth of not greater than (i) 2.00 to 1.00 as of June 30, 2004 and June 30, 2005 and (ii) 2.50 to 1.00 as of June 30th of each year, commencing with Borrower’s fiscal year ended June 30, 2006.”
Sample 1

Related to Funded Debt to Tangible Net Worth Ratio

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Funded Debt Ratio Permit the Funded Debt Ratio, as of the last day of any Fiscal Quarter, to be greater than the ratio set forth below opposite such Fiscal Quarter or the period during which such Fiscal Quarter ends: Period/Fiscal Quarter Maximum Ratio December 31, 2002 3.50:1.00 March 31, 2003 2.60:1.00 June 30, 2003 2.50:1.00 September 30, 2003 2.00:1.00 December 31, 2003 through March 31, 2004 1.75:1.00 April 1, 2004 through December 31, 2004 1.50:1.00

  • Funded Debt to EBITDA Ratio To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 2.0:1.0.

  • Consolidated Tangible Net Worth The net worth of Seller and its consolidated subsidiaries, on a combined basis, determined in accordance with GAAP, minus (ii) all intangibles determined in accordance with GAAP (including goodwill, capitalized financing costs and capitalized administration costs but excluding originated and purchased mortgage servicing rights or retained residual securities) and any and all advances to, investments in and receivables held from affiliates; provided, however, that the non-cash effect (gain or loss) of any xxxx-to-market adjustments made directly to stockholders’ equity for fluctuation of the value of financial instruments as mandated under the Statement of Financial Accounting Standards No. 133 (or any successor statement) shall be excluded from the calculation of Consolidated Tangible Net Worth.

  • Minimum Consolidated Tangible Net Worth Borrower shall not permit Consolidated Tangible Net Worth to be less than $600,000,000 plus eighty-five percent (85%) of the Net Proceeds of any Equity Issuance received after the Agreement Execution Date.

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Funded Debt 4 GAAP........................................................................................................4

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