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

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."

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

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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 2.25 to 1.0 as of December 30January 5, 2000 2002 and all times thereafter through February 2January 31, 20012002, (ii) 1.75 3.06 to 1.0 as of February 31, 2001 2002 and all times thereafter until Xxxxx 0, 0000, (xxx) 2.00 3.13 to 1.0 as of March 32, 2001 2002 and at all times thereafter through April 5, 2002, (iv) 3.23 to 1.0 as of April 6, 2002 and at times thereafter through May 43, 20012002, (ivv) 2.20 3.22 to 1.0 as of May 54, 2001 2002 and at times thereafter through June 1trough May 31, 20012002, (vvi) 2.00 3.06 to 1.0 as of June 21, 2001 2002 and at all times thereafter through July 65, 20012002, (vivii) 2.15 2.86 to 1.0 as of July 76, 2001 2002 and at all times thereafter through August 312, 20012002, (viiviii) 2.25 3.23 to 1.0 as of September 1August 3, 2001 2002 and at all times thereafter through August 30, 2002, (ix) 3.83 to 1.0 as of August 31, 2002 and at all times thereafter through October 54, 20012002, (viiix) 2.50 4.1 to 1.0 as of October 65, 2001 2002 and at all times thereafter through November 21, 20012002, (ixxi) 3.10 4.55 to 1.0 as of November 32, 2001 2002 and at all times thereafter through November 29, 2002, (xii) 3.51 to 1.0 as of November 30, 2002 and at all times thereafter through January 43, 20022003, and (xxiii) 2.25 2.59 to 1.0 as of January 54, 2002 2003 and at all times thereafter through January 31, 2003, and (xiv) 2.67 to 1.0 as of February 1, 2003 and at all times thereafter."

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

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 230, 2001, (ix) 3.10 2.40 to 1.0 as of November 3December 1, 2001 and at all times thereafter through January 4, 2002, and (x) 2.25 1.80 to 1.0 as of January 5, 2002 and at all times thereafter through February 1, 2002, and (xi) 1.70 to 1.0 as of February 2, 2002 and at all times thereafter."

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

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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 2.25 to 1.0 as of December 30January 5, 2000 2002 and all times thereafter through February 2January 31, 20012002, (ii) 1.75 3.06 to 1.0 as of February 31, 2001 2002 and all times thereafter until Xxxxx 0, 0000, (xxx) 2.00 3.13 to 1.0 as of March 32, 2001 2002 and at times thereafter through April 5, 2002, (iv) 3.23 to 1.0 as of April 6, 2002 and at times thereafter through May 43, 20012002, (ivv) 2.20 3.22 to 1.0 as of May 54, 2001 2002 and at times thereafter through June 1May 31, 20012002, (vvi) 2.00 3.06 to 1.0 as of June 21, 2001 2002 and at all times thereafter through July 65, 20012002, (vivii) 2.15 2.86 to 1.0 as of July 76, 2001 2002 and at all times through August 2, 2002, (viii) 3.23 to 1.0 as of August 3, 2002 and at all times thereafter through August 3130, 20012002, (viiix) 2.25 3.83 to 1.0 as of September 1August 31, 2001 2002 and at all times thereafter through October 54, 20012002, (viiix) 2.50 3.66 to 1.0 as of October 65, 2001 2002 and at all times thereafter through November 21, 20012002, (ixxi) 3.10 3.82 to 1.0 as of November 32, 2001 2002 and at all times thereafter through November 29, 2002, (xii) 3.51 to 1.0 as of November 30, 2002 and at all times thereafter through January 43, 20022003, and (xxiii) 2.25 2.59 to 1.0 as of January 54, 2002 2003 and at all times thereafter through January 31, 2003, and (xiv) 2.67 to 1.0 as of February 1, 2003 and at all times thereafter."

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

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