Indebtedness to Tangible Net Worth Sample Clauses

Indebtedness to Tangible Net Worth of the Loan Agreement shall be and is hereby amended to read in its entirety as follows:

Indebtedness to Tangible Net Worth. Not permit the ratio of (x) the Borrower's consolidated Indebtedness minus all of Borrower's Indebtedness under the Debentures to (y) the Borrower's Tangible Net Worth to be at any time greater than 0.70 to 1.

Indebtedness to Tangible Net Worth. At all times when Borrowers= Net Worth --- ---------------------------------- is less than Twenty Million Dollars ($20,000,000.00), Borrowers shall maintain a ratio of consolidated Indebtedness to Tangible Net Worth of not more than (i) 2.75 to 1.0 as of December 31, 1998 for the fiscal year then ended; (ii) 2.5 to 1.0 as of December 31, 1999 for the fiscal year then ended; and (iii) 2.0 to 1.0 as of December 31, 2000 for the fiscal year then ended and as of each fiscal year end thereafter.

Indebtedness to Tangible Net Worth. At the end of each fiscal month of Borrower during the following time periods, the ratios of Borrower's outstanding Indebtedness minus Subordinated Indebtedness to the Borrower's Tangible Net Worth plus Subordinated Indebtedness minus intangible assets, all calculated on a consolidated basis, shall not exceed the following: TIME PERIOD MAXIMUM RATIO ----------- ------------- January 1, 1996 through and including 2.4:1 December 31, 1996 January 1, 1997 through and including 2.1:1 December 31, 1997 January 1, 1998 and thereafter 1.9:1"

Indebtedness to Tangible Net Worth. Cause to be maintained as of the end of each fiscal quarter a ratio of total Indebtedness of Borrowers on a consolidated basis to Tangible Net Worth of not greater than 1:1.

Indebtedness to Tangible Net Worth. Borrower will not permit its ratio of Indebtedness to Tangible Net Worth as measured at the end of each calendar quarter to exceed 1.50:1.00 at any one time provided however at such time as Borrower has redeemed all of its issued and outstanding preferred stock the maximum ratio shall automatically change to 1.60:1.00.

Indebtedness to Tangible Net Worth. As of the last day of each fiscal quarter of Borrower, the ratio of Indebtedness outstanding as of such date to Tangible Net Worth, determined on a consolidated basis, shall not exceed 1.35 to 1.00. As of the computation date, Indebtedness Borrower was $___________ and Tangible Net Worth was $___________, equal to a ratio of _______ to _______.

Indebtedness to Tangible Net Worth. Borrower will not permit its ratio of outstanding Indebtedness to Tangible Net Worth, on a consolidated basis, to exceed 2.25 : 1.00 so long as any of the Obligations remain outstanding.

Indebtedness to Tangible Net Worth. Permit the ratio of Indebtedness to Tangible Net Worth to exceed 2.00 to 1 at any time.

Indebtedness to Tangible Net Worth. Cause to be maintained tested on a quarterly basis at all times a ratio of its Indebtedness to Tangible Net Worth of not less than 4.5 to 1.