Maintenance of Leverage. Seller shall not, as of the end of each calendar month, permit the ratio of the Seller’s consolidated Indebtedness to consolidated Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio.
Appears in 11 contracts
Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)
Maintenance of Leverage. Seller shall not, as of the end of each calendar month, permit the ratio of the Seller’s (a) consolidated Indebtedness minus Liabilities to (b) consolidated Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)
Maintenance of Leverage. Seller shall not, as of the end of each calendar month, permit the ratio of the Seller’s consolidated Indebtedness to consolidated Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)
Maintenance of Leverage. Seller shall not, as of the end of each calendar month, not permit the ratio of the Seller’s consolidated its Indebtedness (excluding non-recourse Indebtedness) to consolidated Adjusted Tangible Net Worth to be greater than the Maximum Leverage RatioRatio as of the last day of each calendar month.
Appears in 1 contract
Samples: Master Repurchase Agreement (Walter Investment Management Corp)
