Maintenance of Ratio of Indebtedness to Tangible Net Worth. The Seller shall maintain the ratio of Indebtedness to Tangible Net Worth no greater than 15:1.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. The Seller has maintained the ratio of (a) Indebtedness less Subordinated Debt to (b) Tangible Net Worth plus Subordinated Debt no greater than 10:1. A detailed summary of the calculation of the Seller’s ratio of Indebtedness to Tangible Net Worth is set forth on Schedule 1 hereto. Maintenance of Profitability. Seller has not permitted, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00. A detailed summary of the calculation of Seller’s Net Income is set forth on Schedule 1 hereto.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. With respect to Hanover Capital Holdings or its Subsidiaries, the ratio of Indebtedness to Tangible Net Worth shall not at any time be greater than 10:1.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. The Borrowers, on a consolidated basis, shall maintain a ratio of Indebtedness to Tangible Net Worth of no greater than 25:1 and a ratio of Adjusted Indebtedness to Tangible Net Worth of no greater than 15:1.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. The Guarantor, on a consolidated basis, shall maintain a ratio of Total Indebtedness to Tangible Net Worth at the end of each calendar quarter of not greater than 15:1.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. The Borrower shall not permit the ratio of recourse Indebtedness of the Borrower and its consolidated Subsidiaries to Tangible Net Worth at any time to be greater than 5.0 to 1.0.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. Taberna Realty Finance Trust and its consolidated subsidiaries have maintained the ratio of Indebtedness to Tangible Net Worth no greater than 15:1.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. (A) Prior to the occurrence of the REIT Event, the Sellers, on a consolidated basis shall maintain the ratio of Indebtedness to Tangible Net Worth no greater than 20:1 and (B) on and after the occurrence of the REIT Event, the Sellers, on a consolidated basis shall maintain the ratio of Indebtedness to Tangible Net Worth no greater than 15:1.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. Seller has maintained the ratio of (a) Indebtedness to (b) Tangible Net Worth no greater than 10:1. A detailed summary of the calculation of Seller’s ratio of Indebtedness to Tangible Net Worth is set forth on Schedule 1 hereto. Maintenance of Profitability. Seller has not permitted, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00. A detailed summary of the calculation of Seller’s Net Income is set forth on Schedule 1 hereto.
Maintenance of Ratio of Indebtedness to Tangible Net Worth. The Guarantor shall maintain the ratio of Indebtedness to Tangible Net Worth no greater than 4:1. For purposes of this subsection (d) only, the term Indebtedness shall not include Indebtedness of others Guaranteed by the Guarantor.
