Indebtedness to Tangible Net Worth Ratio. Borrower will maintain a ratio of Indebtedness (excluding any Subordinated Indebtedness) to Tangible Net Worth of not more than (i) 1.45 to 1.0 as of December 30, 2000 and all times thereafter through February 2, 2001, (ii) 1.75 to 1.0 as of February 3, 2001 and all times thereafter until Xxxxx 0, 0000, (xxx) 2.00 to 1.0 as of March 3, 2001 and at times thereafter through May 4, 2001, (iv) 2.20 to 1.0 as of May 5, 2001 and at times thereafter through June 1, 2001, (v) 2.00 to 1.0 as of June 2, 2001 and at times thereafter through July 6, 2001, (vi) 2.15 to 1.0 as of July 7, 2001 and at all times thereafter through August 31, 2001, (vii) 2.25 to 1.0 as of September 1, 2001 and at all times through October 5, 2001, (viii) 2.50 to 1.0 as of October 6, 2001 and at all times thereafter through November 2, 2001, (ix) 3.10 to 1.0 as of November 3, 2001 and at all times thereafter through January 4, 2002, and (x) 2.25 to 1.0 as of January 5, 2002 and at all times thereafter."
Indebtedness to Tangible Net Worth Ratio. Permit to ratio of Indebtedness to Tangible Net Worth of the Company (and its Subsidiaries, on a consolidated basis) to exceed: (i) 20.0 to 1 as of the end of each calendar through and including January 31, 2004 and (ii) 15.0 to 1 as of the end of each calendar with thereafter.
Indebtedness to Tangible Net Worth Ratio. Borrowers shall maintain on a consolidated basis a ratio of Indebtedness (not including Subordinated Indebtedness) to Tangible Net Worth plus Subordinated Indebtedness of not more than 1.65 to 1.0 as of the date hereof and at all times thereafter.
Indebtedness to Tangible Net Worth Ratio. Borrowers shall maintain a ratio of Indebtedness to Tangible Net Worth of not more than 1.75 to 1.0 as of the end of each fiscal quarter of Borrowers.
Indebtedness to Tangible 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 of which such determi nation is to be made) to Tangible Net Worth of not greater than (i) 12.00 to 1.00 at all times from and after December 31, 1992 until December 30, 1993 and not greater than (ii) 2.50 to 1.00 at all times from and after December 31, 1993 and thereafter throughout the term hereof.
Indebtedness to Tangible Net Worth Ratio. Borrower will maintain a ratio of Indebtedness (excluding any Subordinated Indebtedness) to Tangible Net Worth of not more than (i) 1.45 to 1.0 as of February 28, 2000 and all times thereafter through August 25, 2000, (ii) 1.60 to 1.0 as of August 26, 2000 and all times thereafter through December 29, 2000, (iii) 1.45 to 1.0 as of December 30, 2000 and all times thereafter through February 2, 2001, and (iv) 1.15 to 1.0 as of February 3, 2001 and all times thereafter.
Indebtedness to Tangible Net Worth Ratio. Borrower will maintain a ratio of Indebtedness (excluding any Subordinated Indebtedness) to Tangible Net Worth of not more than the following ratios for the following periods. Maximum Permitted Ratio Periods ----------------------- ------- 1.08 to 1.0 as of January 29,2000;1.45 to 1.0 as of January 30, 2000 and at all times through February 2, 2001; and
Indebtedness to Tangible Net Worth Ratio. Permit the ratio of Indebtedness to Tangible Net Worth of the Company (and its Subsidiaries, on a consolidated basis) to exceed 20.0 to 1 as of the end of each calendar moth.
Indebtedness to Tangible Net Worth Ratio. Section 7.5 of the Loan Agreement is amended and restated in its entirely as follows:
Indebtedness to Tangible Net Worth Ratio. Borrower will maintain a ratio of Indebtedness (excluding any Subordinated Indebtedness) to Tangible Net Worth of not more than (i) 1.45 to 1.0 as of December 30, 2000 and all times thereafter through February 2, 2001, (ii) 1.75 to 1.0 as of February 3, 2001 and all times thereafter until Xxxxx 0, 0000, (xxx) 2.00 to 1.0 as of March 3, 2001 and at times thereafter through May 4, 2001, (iv) 2.20 to 1.0 as of May 5, 2001 and at times thereafter through June 1, 2001, (v) 2.00 to 1.0 as of June 2, 2001 and at times thereafter through August 31, 2001, (vi) 2.25 to 1.0 as of September 1, 2001 and at all times through January 4, 2002, (vii) 1.80 to 1.0 as of January 5, 2002 and at all times thereafter through February 1, 2002, and (viii) 1.60 to 1.0 as of February 2, 2002 and at all times thereafter."
