Maximum Liabilities to Tangible Net Worth Sample Clauses

Maximum Liabilities to Tangible Net Worth. Permit the ratio of Borrower's consolidated total Liabilities to its consolidated Tangible Net Worth at any month end to be greater than 1.5 to 1.0.
Sample 1
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Maximum Liabilities to Tangible Net Worth. Permit the ratio of total Liabilities to Tangible Net Worth for the Borrower and its Consolidated Subsidiaries (other than GHC) at the end of any fiscal quarter: (i) from the Effective Date to and including December 30, 1997, to be greater than 16 to 1; (ii) from and including December 31, 1997 to and including December 30, 1998, to be greater than 14 to 1; and (iii) at any time thereafter, to be greater than 12 to 1.
Sample 1Sample 2
Maximum Liabilities to Tangible Net Worth. Borrower shall not permit the ratio of Borrower's total Liabilities to its Tangible Net Worth at any quarter end to be greater than 3.0 to 1.
Sample 1
Maximum Liabilities to Tangible Net Worth. Permit the ratio of Borrower’s consolidated total Liabilities to its consolidated Tangible Net Worth at any month end to be greater than 1.25 to 1.0. (A) Maximum ratio of Liabilities to Tangible Net Worth permitted under Section 9.1(a) of the Loan Agreement 1.25 to 1.0 (B) Total Liabilities: $ (C) Net Worth $ (D) All intangible items, amounts due from Affiliates, employees and shareholders and all other items which should properly be treated as intangibles in accordance with GAAP $ (E) Tangible Net Worth (item (C) minus item (D)): $ (F) Ratio of total Liabilities to Tangible Net Worth (total of item (B) above divided by item (C) above) to 1.0
Sample 1
Maximum Liabilities to Tangible Net Worth. Permit the ratio of the Borrowers' (i) combined total Liabilities less Subordinated Debt to (ii) combined Tangible Net Worth at the end of any fiscal quarter: (i) from the Funding Date to and including December 31, 1997, to be greater than 8.5 to 1; LOAN AND SECURITY AGREEMENT - PAGE 62 63 (ii) from January 1, 1998, to and including June 30, 1998, to be greater than 6.5 to 1;
Sample 1
Maximum Liabilities to Tangible Net Worth. Permit the ratio of Borrower's consolidated total Liabilities to its consolidated Tangible Net Worth at any month end to be greater than 1.5 to 1.0. (A) Maximum ratio of Liabilities to Tangible Net Worth permitted under SECTION 9.1(a) of the Loan Agreement 1.5 to 1.0 (B) Total Liabilities: $_________ (C) Net Worth $_________ (D) All intangible items, amounts due from Affiliates, employees and shareholders and all other items which should properly be treated as intangibles in accordance with GAAP $______ (E) Tangible Net Worth (item (C) minus item (D)): $______
Sample 1
Maximum Liabilities to Tangible Net Worth. Permit the ratio of the Borrowers' total Liabilities (minus Subordinated Indebtedness) to their Tangible Net Worth (plus Subordinated Indebtedness), all measured on a consolidated basis at any time: (i) from the Effective Date to and including February 28, 1997, to be greater than 4.0 to 1; (ii) from March 1, 1997 to and including February 28, 1998, to be greater than 3.75 to 1; and (iii) thereafter, to be greater than 3.50 to 1.
Sample 1
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Maximum Liabilities to Tangible Net Worth. The Company shall not permit the ratio of (i) its consolidated Total Liabilities less Subordinated Debt to (ii) its consolidated Tangible Net Worth plus Subordinated Debt as of the last day of each fiscal quarter to be greater than 2.50 to 1.00.
Sample 1

Related to Maximum Liabilities to Tangible Net Worth

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $731,508,263 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Total Liabilities Current Liabilities

  • Liability for Specific Obligations The Administrator will be liable only for its specific obligations under this Agreement. All other liability is expressly waived and released as a condition of, and consideration for, the execution of this Agreement by the Administrator. The Administrator will be liable for its willful misconduct, bad faith or negligence in performing its obligations under this Agreement.

  • Minimum Consolidated Tangible Net Worth Borrower shall not permit Consolidated Tangible Net Worth to be less than $600,000,000 plus eighty-five percent (85%) of the Net Proceeds of any Equity Issuance received after the Agreement Execution Date.

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Tangible Net Worth The Seller will not permit its tangible net worth, at any time, to be less than $10,000,000.

  • Maximum Liability The provisions of this Loan Guaranty are severable, and in any action or proceeding involving any state corporate law, or any state, federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Loan Guarantor under this Loan Guaranty would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such Loan Guarantor’s liability under this Loan Guaranty, then, notwithstanding any other provision of this Loan Guaranty to the contrary, the amount of such liability shall, without any further action by the Loan Guarantors or the Lenders, be automatically limited and reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined hereunder being the relevant Loan Guarantor’s “Maximum Liability”. This Section with respect to the Maximum Liability of each Loan Guarantor is intended solely to preserve the rights of the Lenders to the maximum extent not subject to avoidance under applicable law, and no Loan Guarantor nor any other person or entity shall have any right or claim under this Section with respect to such Maximum Liability, except to the extent necessary so that the obligations of any Loan Guarantor hereunder shall not be rendered voidable under applicable law. Each Loan Guarantor agrees that the Guaranteed Obligations may at any time and from time to time exceed the Maximum Liability of each Loan Guarantor without impairing this Loan Guaranty or affecting the rights and remedies of the Lenders hereunder, provided that, nothing in this sentence shall be construed to increase any Loan Guarantor’s obligations hereunder beyond its Maximum Liability.

  • Contingent Liabilities Assume, guarantee, become liable as a surety, endorse, contingently agree to purchase, or otherwise be or become liable, directly or indirectly (including, but not limited to, by means of a maintenance agreement, an asset or stock purchase agreement, or any other agreement designed to ensure any creditor against loss), for or on account of the obligation of any person or entity, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of the Company’s business.

  • Excess/Umbrella Liability Excess/umbrella liability insurance may be included to meet minimum requirements. Umbrella coverage must indicate the existing underlying insurance coverage.

  • Consolidated Tangible Net Worth The net worth of Seller and its consolidated subsidiaries, on a combined basis, determined in accordance with GAAP, minus (ii) all intangibles determined in accordance with GAAP (including goodwill, capitalized financing costs and capitalized administration costs but excluding originated and purchased mortgage servicing rights or retained residual securities) and any and all advances to, investments in and receivables held from affiliates; provided, however, that the non-cash effect (gain or loss) of any xxxx-to-market adjustments made directly to stockholders’ equity for fluctuation of the value of financial instruments as mandated under the Statement of Financial Accounting Standards No. 133 (or any successor statement) shall be excluded from the calculation of Consolidated Tangible Net Worth.

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