Indebtedness to Net Worth Ratio. The Company and ------------------------------- its Subsidiaries will maintain, on a consolidated basis, a ratio of total Indebtedness to Net Worth, at all times during each period set forth below, of not greater than the ratio set forth below opposite such period: Period Ratio ------ ----- 1/01/94 through 6/29/94 4.0 to 1.0 6/30/94 through 9/30/94 3.8 to 1.0 10/01/94 through 12/30/94 3.3 to 1.0 12/31/94 through 12/31/95 2.8 to 1.0"
Indebtedness to Net Worth Ratio. Cause to be maintained as of the end of each fiscal quarter a ratio of Indebtedness of Borrowers on a Consolidated Basis to Net Worth no greater than the ratio set forth below opposite such fiscal quarter end: Indebtedness to Fiscal Quarter End Net Worth Ratio July 2, 1995 2.90 to 1.00 October 1, 1995 4.87 to 1.00 December 31, 1995 4.50 to 1.00 March 31, 1996 4.28 to 1.00 June 30, 1996 3.93 to 1.00 September 29, 1996 3.65 to 1.00 December 29, 1996 3.41 to 1.00 March 30, 1997 3.15 to 1.00 June 29, 1997 2.91 to 1.00 September 28, 1997 2.72 to 1.00 December 28, 1997 2.55 to 1.00 and each fiscal quarter 2.55 to 1.00" end thereafter (e) Section 6.9 of the Loan Agreement is hereby amended in its entirety to provide as follows:
Indebtedness to Net Worth Ratio. The Company and its ------------------------------- Subsidiaries will maintain, on a consolidated basis, a ratio of total Indebtedness (excluding Unearned Revenues and amounts on all Subordinated Indebtedness that are due on and to become due more than one year from the date as of which such deter mination is to be made) to Net Worth of not greater than (i) 2.25 to 1.0 at all times from the date of this Agreement until December 30, 1992, (ii) 2.0 to 1.0 at all times from and after December 31, 1992 until December 30, 1993, and (iii) 1.50 to 1.0 at all times from December 30, 1993 and thereafter throughout the term hereof.
Indebtedness to Net Worth Ratio. Rollins will not have outstxxxxxx at any time Senior Indebtedness which in the aggregate exceeds 375% of Net Worth of Rollins. For purposes of txxx Xxxtion 8.1, Net Worth, as defined in Section 16.29, shall include 50% of Rollins' Deferred Income Taxxx.
Indebtedness to Net Worth Ratio. The Borrower will not permit Consolidated Indebtedness (other than Permitted Indebtedness owed by MinDOC or to GIF Finance) to Consolidated Net Worth to exceed .50 to 1.00.
Indebtedness to Net Worth Ratio. The introductory clause of Section 6.13(c) is deleted and replaced by the following:
Indebtedness to Net Worth Ratio. As of the end of each fiscal quarter of Brazos ending closest to the date indicated below, maintain an Indebtedness to Net Worth Ratio of no more than the ratio indicated below:"
Indebtedness to Net Worth Ratio. The Borrower shall not at any time permit the ratio of (x) all the Borrower's consolidated liabilities as reflected on its balance sheet in accordance with GAAP to (y) net worth, determined and consolidated in accordance with GAAP and measured at the end of each quarter, to exceed the ratio set forth below for the period specified below: Quarter Ending Ratio -------------- ----- March 31, 1998 2.0-to-1.0 June 30, 1998 2.25-to-1.0 September 30, 1998 3.0-to-1.0 If the ratio at the end of the 3rd fiscal quarter exceeds 2.50-to-1.0, then the ratio shall be re-tested and may not exceed: 2.0-to-1.0* -60- 70 December 31, 1998 2.0-to-1.0 March 31, 1999 2.0-to-1.0 June 30, 1999 2.25-to-1.0 September 30, 1999 3.25-to-1.0 If the ratio at the end of the 3rd fiscal quarter exceeds 2.50-to-1.0, then the ratio shall be re-tested and may not exceed: 2.0-to-1.0* December 31, 1999 2.0-to-1.0 March 31, 2000 2.0-to-1.0 June 30, 2000 2.25-to-1.0 September 30, 2000 3.25-to-1.0 December 31, 2000 2.0-to-1.0 March 31, 2001 and thereafter 2.0-to-1.0 *For purposes of the special test which may apply after the 3rd quarter test, the ratio shall be calculated as of November 30 of the relevant year.
Indebtedness to Net Worth Ratio. Article 14 of the Loan Agreement shall be and is hereby amended to add the following financial covenant as a new Section 14.9:
Indebtedness to Net Worth Ratio. Borrowers will maintain a ratio of Indebtedness to Net Worth of not more than 1.3 to 1.0 for the fiscal month ending March 31, 2003 and for each fiscal month end thereafter. ’’
