Common use of Indebtedness to Adjusted Tangible Net Worth Ratio Clause in Contracts

Indebtedness to Adjusted Tangible Net Worth Ratio. (i) PMC’s ratio of Indebtedness (on and off balance sheet and excluding (A) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth has not exceeded 10:1 at any time.

Appears in 3 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), PennyMac Mortgage Investment Trust, PennyMac Mortgage Investment Trust

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Indebtedness to Adjusted Tangible Net Worth Ratio. (i) PMC’s ratio of Indebtedness (on and off balance sheet and excluding (A) Non-Recourse Debt, including any securitization debt, and (B) any intercompany debt eliminated in consolidation) to Adjusted Tangible Net Worth has shall not exceeded 10:1 at any timeexceed 10:1.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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