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 at any time permit the ratio of Consolidated Total Liabilities to Consolidated Tangible Net Worth to exceed 1.50 to 1.00.
Liabilities to Worth Ratio. The Borrower will not permit the ratio of Total Liabilities to Tangible Net Worth to exceed (a) 1.50:1.00 as at the end of each fiscal quarter for the fiscal quarters ending Q1, 1997, Q2, 1997 and Q3, 1997 and (b) 1.30 as at the end of each fiscal quarter ending thereafter.
(e) Inserting immediately after the text of Section 11.4 of the Credit Agreement the following:
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 Combined Total Liabilities to Combined Tangible Net Worth to exceed 1.50:1.00 at any time from the Closing Date through December 31, 1996, and 1.25:1.00 at any time thereafter.
Liabilities to Worth Ratio. A. Consolidated Total Indebtedness Consolidated Total Indebtedness (per Schedule 1, Part B)$_________
B. Consolidated Total Assets Consolidated Total Assets (per Schedule 1, Part A) __________ A divided by B (may not exceed 50%): ________%
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 $_____________ depreciation Minus Consolidated Total Liabilities per balance sheet ($____________) Minus aggregate book value of intangible assets ($____________) Minus asset write-up amounts, if any ($____________) Total $_____________
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. (a) The Combined WPH Entity will not, at the end of any fiscal quarter, permit the ratio of Total Liabilities to Total Equity to exceed 2.75 to 1; PROVIDED, however, that such ratio shall be decreased to 2.5 to 1 commencing March 31, 2001.
(b) The Combined WPH Entity will not, at the end of any fiscal quarter, permit the ratio of Adjusted Total Liabilities to Adjusted Tangible Net Worth to exceed 2.25 to 1; PROVIDED, however, that such ratio shall be decreased to 2 to 1 commencing December 31, 2001.
Liabilities to Worth Ratio. Combined WPH Entity's Adjusted Total Liabilities Combined WPH Entity's Consolidated Total Liabilities (from 11.D. above) $_____________ LESS aggregate Indebtedness of Unrestricted Subsidiaries ($____________) LESS Cash Available of WPHD and the Borrowers ($____________) LESS outstanding Subordinate Debt ($____________) PLUS aggregate guaranties of aggregate Indebtedness of Unrestricted Subsidiaries $_____________ Total (Adjusted Total Liabilities) $_____________
