Common use of Maximum Total Liabilities to Tangible Net Worth Ratio Clause in Contracts

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.

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, commencing with the fiscal quarter ending September 30, 2001.

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 1.5 to 1 as at the last day of each fiscal quarter of the Borrower.