Leverage Test. Consolidated Total Liabilities* divided by Tangible Net Worth** shall not be greater than 2.0:1 at the end of each fiscal quarter through March 31, 2007, thereafter Consolidated Total Liabilities divided by Tangible Net Worth shall not be greater than 1.5:1 at the end of each fiscal quarter.
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Samples: Revolving Loan and Security Agreement, Term Loan Agreement (Lemaitre Vascular Inc), Revolving Loan and Security Agreement (Lemaitre Vascular Inc)
Leverage Test. Consolidated Total Liabilities* divided by Tangible Net Worth** shall not be greater than 2.0:1 at the end of each fiscal quarter through March December 31, 20072006, thereafter Consolidated Total Liabilities divided by Tangible Net Worth shall not be greater than 1.5:1 at the end of (i) 2.25:1 for each fiscal quarterquarter thereafter.
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