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. 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. 1.7 Section 6.3(d) is hereby deleted in its entirety.
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
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: 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. 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
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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

Related to Maximum Total Liabilities to Tangible Net Worth Ratio

  • Total Liabilities Current Liabilities

  • Consolidated Total Liabilities All liabilities of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles and all Indebtedness of the Borrower and its Subsidiaries, whether or not so classified.

  • 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.

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • 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.

  • 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.

  • Total Liability WAVIN’S TOTAL LIABILITY UNDER OR IN CONNECTION WITH THE AGREEMENT FOR CLAIMS OF ANY KIND (INCLUDING THIRD PARTY CLAIMS) WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE ARISING OUT OF THE PERFORMANCE/NON-PERFORMANCE OR BREACH OF THE AGREEMENT, INCLUDING ANY OTHER COMPENSATION UNDER THE AGREEMENT, OR THE PROVISION OF ANY PRODUCTS OR SERVICES SHALL NOT EXCEED THE AMOUNT PAID OR PAYABLE FOR THE SPECIFIC PRODUCT OR SERVICE THAT GIVES RISE TO THE CLAIM.

  • 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.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

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