Maximum Total Liabilities to Tangible Net Worth. Section 15.3 of the Original Credit Agreement is deleted and replaced with the following:
Maximum Total Liabilities to Tangible Net Worth. Reseller covenants that at the each of each fiscal month, the ratio of (a) Total Liabilities to (b) Tangible Net Worth shall not be greater than 5.25 to 1.00. This covenant will be calculated at the end of each fiscal month.
Maximum Total Liabilities to Tangible Net Worth. Borrower covenants that the ratio of Total Liabilities minus Subordinated Indebtedness to Tangible Net Worth plus Subordinated Indebtedness calculated as of the last day of each fiscal month specified in the table below, shall not be more than the ratio specified in such table opposite said fiscal month: Fiscal Month Ended Maximum Ratio September 30, October 31 and November 30 7.00:1.00 Each July 31 and August 31 6.00:1.00 Each January 31, February 28/29, March 31, April 30, May 31, June 30 and December 31 4.00:1.00”
Maximum Total Liabilities to Tangible Net Worth. The Borrower shall maintain on a consolidated basis determined quarterly during the term of this Agreement a ratio of Debt to Tangible Net Worth of not more than 1.5 to 1.0.
Maximum Total Liabilities to Tangible Net Worth. A. Total Liabilities (see definition in Section 16.1) $ __________
Maximum Total Liabilities to Tangible Net Worth. To maintain a ratio ----------------------------------------------- of Total Liabilities to Tangible Net Worth of not more than 2.0 to 1.0.
Maximum Total Liabilities to Tangible Net Worth. Borrower covenants that the ratio of Total Liabilities minus Subordinated Indebtedness to Tangible Net Worth plus Subordinated Indebtedness calculated as of the last day of each fiscal month specified in the table below, shall not be less than the ratio specified in such table opposite said fiscal month ------------------------------------------------------------------- Fiscal Month Ended Maximum Ratio ------------------------------------------------------------------- Each July 31, August 31, and September 30 6.00:1.00 ------------------------------------------------------------------- Each January 31, February 28/29, March 31, 4.00:1.00 April 30, May 31, June 30, October 31, November 30 and December 31 ------------------------------------------------------------------- Maximum Total Funded Indebtedness to EBITDA. Borrower covenants that the ratio of Total Funded Indebtedness to EBITDA, calculated as of the last day of each fiscal month for twelve month period then ended: (i) shall be no more than 4.00:1.00 for any fiscal month ending January 31, February 28/29, March 31, April 30, May 31, June 30, October 31, November 30, or December 31, and (ii) shall be no more than 6.00:1.00 for any fiscal month ending on July 31, August 31, or September 30.
Maximum Total Liabilities to Tangible Net Worth. Maintain the ratio of Total Liabilities to Tangible Net Worth of the Parent and its Subsidiaries at (i) 10.0 to 1.00 or lower as of the Closing Date and for the period commencing with the fiscal quarter ending December 31, 2004 through the fiscal quarter ending March 31, 2005, and (ii) 8.0 to 1.00 or lower as of the last day of each fiscal quarter ending thereafter.
Maximum Total Liabilities to Tangible Net Worth. Maintain on a consolidated basis a ratio of Total Liabilities to Tangible Net Worth of not more than the ratio indicated for each period set forth below: Period Ratio ------ ----- From the Closing Date through December 30, 1996 3.60 to 1 From December 31, 1996 through December 30, 1997 2.80 to 1 From December 31, 1997 through December 30, 1998 1.80 to 1 From December 31, 1998 and thereafter 1.10 to 1
Maximum Total Liabilities to Tangible Net Worth. Each Borrower covenants that the ratio of Total Liabilities to Tangible Net Worth for the preceding four fiscal quarters then ended, calculated as of the last day thereof, shall not be more than 3.00 to 1.00.
