Maximum Debt to Equity Ratio. Guarantor shall not permit the ratio of its Total Indebtedness to its Tangible Net Worth to be greater than 3.50 to 1.00 at any time.
Maximum Debt to Equity Ratio. HA INC shall not permit, as of any date, the Consolidated Debt to Equity Ratio to equal or exceed 4.00 to 1.00 as of such date; provided that, for purposes of the Compliance Certificate required to be delivered pursuant to Section 11.1.1(e) of the Loan Agreement, such Compliance Certificate will calculate the Consolidated Debt to Equity Ratio as of the last day of the Fiscal Quarter that ended immediately prior to the delivery of such Compliance Certificate.
Maximum Debt to Equity Ratio. The Borrower will maintain at all times a ratio of Total Liabilities to Tangible Net Worth of not greater than 5.00 to 1.0., tested annually beginning December 31, 2008.
Maximum Debt to Equity Ratio. At the end of each Test Period while any Loans remain outstanding, the ratio of Guarantor’s Indebtedness to Guarantor’s Tangible Net Worth to be more than 4.00 to 1.00.
Maximum Debt to Equity Ratio. At the end of each Test Period while any Transactions remain outstanding, the ratio of Guarantor’s Indebtedness to Guarantor’s Tangible Net Worth to be more than 4.00 to 1.00. In the event that (x) Guarantor has entered into amendments of its maximum leverage ratio covenants with each of the other repurchase buyers or lenders under all Third Party Agreements (as defined below) to which Guarantor or any Subsidiary of Guarantor is a party or with respect to which Guarantor is obligated (either as a primary or secondary obligor) and which contain a maximum leverage ratio covenant as to Guarantor that corresponds or is substantially similar to the covenant in this clause (e), and (y) in all such amendments, Guarantor’s maximum leverage ratio covenant has been modified to provide for a maximum debt to equity ratio of 4.50 to 1.00, then, Guarantor shall give Buyer prompt notice thereof and, effective as of the date upon which Guarantor has entered into such amendments of its maximum leverage ratio covenants with each of the other repurchase buyers or lenders (the “Covenant Modification Effective Date”), the covenant in this clause (e) shall automatically be deemed to be modified to reflect that the ratio of Guarantor’s Indebtedness to Guarantor’s Tangible Net Worth at the end of each Test Period may not exceed 4.50 to 1.00; provided that, after the Covenant Modification Effective Date, in the event that Guarantor agrees to amend any of its maximum leverage ratio covenants under any Third Party Agreements to be more restrictive than, or Guarantor or any Subsidiary of Guarantor enters into a new Third Party Agreement which has a maximum leverage ratio covenant that is more restrictive as to Guarantor than, the covenant in this clause (e) as modified by the foregoing, Guarantor shall promptly notify Buyer of such more restrictive maximum leverage ratio covenant and in the sole discretion of Buyer the covenant in this clause (e) shall automatically be deemed to be modified to reflect such more restrictive maximum leverage ratio covenant.
Maximum Debt to Equity Ratio. Guarantor shall not permit the ratio of (x) Total Indebtedness to (y) Total Adjusted Equity at any time to exceed 4.25:1.00.
Maximum Debt to Equity Ratio. Borrower will not permit (at any time) its Debt–to–Equity Ratio to be greater than the amount set forth in the Additional Terms Schedule.
Maximum Debt to Equity Ratio. Century will not permit (at any time) its Debt-to-Net Worth Ratio to be greater than 1.75:1.00.
Maximum Debt to Equity Ratio. Assignor shall maintain during the term of this Agreement a debt to equity ratio not to exceed 8 to 1, as of any date of determination.
Maximum Debt to Equity Ratio. Borrower will maintain, at the end of each fiscal quarter of Borrower, a ratio of Debt To Equity of less than or equal to forty percent (40.00%). This covenant has been tested as of the date hereof by Borrower and Borrower covenants to the Bank that the Borrower is in compliance with this covenant. This covenant will be tested quarterly hereafter, at the end of each fiscal quarter commencing with the fiscal quarter ended September 30, 2015.
