Net Tangible Assets to Total Liabilities. A ratio of Net Tangible Assets to Total Liabilities measured as of the last day of each Fiscal Quarter of not less than 1.30 to 1.00.
Net Tangible Assets to Total Liabilities. The Company will not permit the ratio of its Net Tangible Assets to its Total Liabilities at any time but measured as of the last day of each quarterly fiscal accounting period to be less than 1.3 to 1.
Net Tangible Assets to Total Liabilities. The Company will not permit the ratio of its Net Tangible Assets to its Total Liabilities at any time to be less than 1.3 to 1.
Net Tangible Assets to Total Liabilities. (a) During the period through June 27, 2009, a ratio of Net Tangible Assets to Total Liabilities measured as of the last day of each Fiscal Quarter of not less than 1.05 to 1.00; (b) for the Fiscal Quarter ending September 26, 2009, a ratio of Net Tangible Assets to Total Liabilities of not less than 1.10 to 1.00 measured as of the last day of such Fiscal Quarter; and (c) thereafter, a ratio of Net Tangible Assets to Total Liabilities measured as of the last day of each Fiscal Quarter of not less than 1.125 to 1.00.
Net Tangible Assets to Total Liabilities. (a) At all times during the period from the Closing Date to the Control Acquisition Date, a ratio of Net Tangible Assets to Total Liabilities measured as of the last day of each Fiscal Quarter of not less than 1.30 to 1.00; and (b) from and after the Control Acquisition Date, a ratio of Net Tangible Assets to Total Liabilities measured as of the last day of each Fiscal Quarter of not less than 1.125 to 1.00. The Net Tangible Assets to Total Liabilities target set forth in clause (b) above shall be adjusted based on the mutual agreement of Borrower, the Administrative Agent, and the Required Lenders in the event that the purchase price paid by Borrower to acquire the Gold Xxxx Stock varies in an amount in excess of five percent (5.0%) above or below $20.00 per share (considered in the aggregate); provided that if the adjustment is on account of the purchase price being an amount in excess of five percent (5.0%) above $20.00 per share, the adjustment must be approved by the Super Majority Lenders.
