Maximum Total Liabilities to Tangible Net Worth Ratio Sample Clauses

Maximum Total Liabilities to Tangible Net Worth Ratio. The Borrower will not permit the ratio of its total liabilities (including, without limitation, all deferred taxes and contingent liabilities such as guarantees) to its tangible net worth, determined on a consolidated basis, to be more than 1.0 to 1 as at the last day of each fiscal quarter of the Borrower.
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Maximum Total Liabilities to Tangible Net Worth Ratio. Permit a Total Liabilities to Tangible Net Worth Ratio of the Borrower at not greater than 1.50-to-1 at any time any Loan remains outstanding and unpaid, or any other amount is owing under any Loan Document to any Lender, to be tested quarterly.
Sample 1
Maximum Total Liabilities to Tangible Net Worth Ratio. Maintain Total Liabilities to Tangible Net Worth Ratio not greater than the ratio set forth below for each Fiscal Quarter, measured as of the last day of each Fiscal Quarter: Period Ratio Fiscal Quarter ending on or between January 31, 2010 and April 30, 2010 2.00:1.00 Fiscal Quarters ending on or between July 31, 2010 and January 31, 2011 1.75:1.00 Fiscal Quarter ending April 30, 2011 and each Fiscal Quarter thereafter 1.50:1.00
Sample 1
Maximum Total Liabilities to Tangible Net Worth Ratio. To maintain a ratio of Total Liabilities to Tangible Net Worth, measured quarterly, not exceeding the amounts indicated for each period specified below: Period Ratio ------ ----- 06-30-98 2.90:1.0 09-30-98 3.10:1.0 12-31-98 2.80:1.0 03-31-99 2.40:1.0 06-30-99 and thereafter 2.00:1.0
Sample 1
Maximum Total Liabilities to Tangible Net Worth Ratio. The ratio of Total Liabilities to Tangible Net Worth , as calculated at any time and from time to time, shall be no greater than the ratio indicated below during the respective period of time indicated below: Maximum Total Liabilities to Tangible Net Time Period Worth Ratio October 31, 1996 through June 30, 1997 1.10 to 1.0 July 1, 1997 and thereafter 1.00 to 1.0
Sample 1
Maximum Total Liabilities to Tangible Net Worth Ratio. Maintain at all times a maximum Total Liabilities to Tangible Net Worth ratio of 3.0 to 1.0, reported on a rolling four quarter basis commencing with the quarter ending September 31, 2011 according to GAAP.
Sample 1
Maximum Total Liabilities to Tangible Net Worth Ratio. The Borrower will maintain a maximum Total Liabilities to Tangible Net Worth Ratio of not greater than 2.0 to 1.0.
Sample 1
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Maximum Total Liabilities to Tangible Net Worth Ratio. Borrower shall maintain a ratio of total liabilities to tangible net worth of not greater than 3.0:1, to be measured quarterly on the last day of each Fiscal Quarter. For purposes of this Section, total liabilities shall be defined as the consolidated total liabilities of Borrower and its Subsidiaries, including all short-term liabilities, long-term liabilities, and any off balance-sheet liabilities of Borrower and its Subsidiaries. For purposes of this Section, tangible net worth shall be defined, as of any date of determination, the sum of the amounts set forth on the consolidated balance sheet of the Borrower and its Subsidiaries as the sum of the common stock, preferred stock, additional paid in capital and retained earnings of the Borrower and its Subsidiaries (excluding treasury stock), less the book value of all intangible assets of the Borrower and its Subsidiaries.
Sample 1

Related to Maximum Total Liabilities to Tangible Net Worth Ratio

  • Total Liabilities to Tangible Net Worth Ratio Maintain a ratio of total liabilities to Tangible Net Worth of less than .80 to 1.0 as of the end of each fiscal quarter.

  • Total Liabilities to Tangible Net Worth Permit or suffer the ratio of the consolidated Total Liabilities of the Company and its subsidiaries to the consolidated Tangible Net Worth of the Company and its subsidiaries to be greater than 1.85 to 1.00.

  • Total Liabilities The sum of the following (without duplication): (i) all liabilities of the Borrower and the Related Companies consolidated and determined in accordance with Generally Accepted Accounting Principles excluding accounts payable incurred in the ordinary course of business, (ii) all Indebtedness of the Borrower and the Related Companies whether or not so classified, including, without limitation, all outstanding Loans under this Agreement, and (iii) the balance available for drawing under letters of credit issued for the account of the Borrower or any of the Related Companies.

  • Consolidated Total Liabilities All liabilities of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles.

  • Minimum Consolidated Tangible Net Worth (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.

  • Minimum Consolidated Net Worth Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$11,250,000,000 (“Minimum Amount”).

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) 203,170,000 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.

  • Consolidated Tangible Net Worth (i) 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.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

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