Common use of Maximum Debt to Equity Ratio Clause in Contracts

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 Loans Advances remain outstandingoutstanding hereunder or Lender has any commitment hereunder, the Guarantor (on a consolidated basis) shall maintain its ratio of Guarantor’s Indebtedness Debt to Guarantor’s Tangible Net Worth to be not more than 4.00 3.00 to 1.00.

Maximum Debt to Equity Ratio. At the end of each Test Period while any Loans remain outstandingPeriod, the Guarantor (on a consolidated basis) shall maintain its ratio of Guarantor’s Indebtedness Debt to Guarantor’s Tangible Net Worth to be not more than 4.00 to 1.00.