Liabilities to Worth Ratio. The Borrower will not permit the ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth of the Borrower to exceed 1 to 1.
Liabilities to Worth Ratio. The Borrowers will not permit the ratio -------------------------- of Consolidated Total Liabilities to Consolidated Tangible Net Worth to exceed 2.25 to 1 at any time.
Liabilities to Worth Ratio. The Borrower will not permit the ratio of Total Liabilities to Tangible Net Worth to exceed (a) 1.50:1.100 as at the end of each of fiscal quarter Q1, 1997 and Q2, 1997 and (b) 2.00:1.00 as at the end of each fiscal quarter ending thereafter.
Liabilities to Worth Ratio. (For changes to the Balance Sheet since the last statement or advance, use the attached adjustment form.)
Liabilities to Worth Ratio. The Borrower will not permit the ratio of Total Liabilities to Tangible Net Worth to exceed 2.40:1.00 as at the end of any Reference Period commencing on 9/30/98.
Liabilities to Worth Ratio. The Borrowers will not permit the ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth for any fiscal quarter ending during any period described in the table set forth below to exceed the ratio set forth opposite such period below: Period Ratio ------ -----
Liabilities to Worth Ratio. The Borrower will not permit the ratio of Combined Total Liabilities to Combined Tangible Net Worth to exceed (a) 1.50:1.00 at any time from the Closing Date through December 31, 1996, (b) 1.75:1.00 at any time from January 1, 1997 through December 31, 1997; (c) 1.50:1.00 at any time from January 1, 1998 through December 31, 1998; and (d) 1.25:1.00 at any time thereafter.
Liabilities to Worth Ratio. As of any date of determination, the ratio of (a) the sum of (i) Consolidated Total Liabilities of the Borrower and its Subsidiaries for the fiscal quarter most recently ended plus to the extent not otherwise included in the calculation of Consolidated Total Liabilities and without duplication, (ii) all other Indebtedness of the Borrower and its Subsidiaries which does not appear on the Borrower's consolidated balance sheet as a liability for the fiscal quarter of the Borrower and its Subsidiaries most recently ended (other than Indebtedness which constitutes (A) a "derivative contract" (as defined in paragraph (i) of the term Indebtedness); (B) obligations under securities repurchase agreements; and (C) any "equity related purchase obligations" (as such term is defined in paragraph (h) of the term Indebtedness) pertaining to the Stock Option Plan), less (iii) the aggregate amount of the outstanding Subordinated Notes on such date to (b) Consolidated Tangible Net Worth of the Borrower and its Subsidiaries for such period.
Liabilities to Worth Ratio. (For changes to the Balance Sheet since the last statement or advance, use the attached adjustment form.) A. Consolidated Total Liabilities per balance sheet $________ B. Consolidated Tangible Net Worth Consolidated Total Assets per balance sheet $________ One-time market adjustment $________ Plus real estate depreciation since date of IPO $________ Consolidated Total Assets after one-time market adjustment and adjustment for depreciation $________ Minus Consolidated Total Liabilities per balance sheet ($________)
Liabilities to Worth Ratio. A. Consolidated Total Indebtedness Consolidated Total Indebtedness (per Schedule 1, Part B)$_________
