Common use of Maximum Leverage Clause in Contracts

Maximum Leverage. Borrower, together with the other Companies, will maintain Total Liabilities divided by Tangible Net Worth, as of the end of each fiscal quarter, at not greater than 1.50:1.00.

Appears in 3 contracts

Samples: Credit Agreement (Landec Corp \Ca\), Ex Im Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\)

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Maximum Leverage. From and after May 28, 2007, Borrower, together with the other Companies, will maintain Total Liabilities divided by Tangible Net Worth, as of the end of each fiscal quarter, at not greater than 1.50:1.001.00:1.00.

Appears in 1 contract

Samples: Credit Agreement (Landec Corp \Ca\)

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