Ratio of Indebtedness to Tangible Net Worth. Permit, at any time, the ratio of Indebtedness of the Borrower and its Subsidiaries to Tangible Net Worth to exceed 10.0 to 1.0.
Appears in 3 contracts
Samples: Credit Agreement (PHH Corp), Competitive Advance and Revolving Credit Agreement (PHH Corp), Day Revolving Credit Agreement (PHH Corp)
Ratio of Indebtedness to Tangible Net Worth. Permit, at any time, the ratio of Indebtedness of the Borrower and its Subsidiaries to Tangible Net Worth to exceed 10.0 6.5 to 1.0.
Appears in 2 contracts
Samples: Fourth Amendment (PHH Corp), Fourth Amendment (PHH Corp)
Ratio of Indebtedness to Tangible Net Worth. Permit, at any time, the ratio of Indebtedness (less the balance in the 2014 Convertible Notes Escrow Account at such time) of the Borrower and its Subsidiaries to Tangible Net Worth to exceed 10.0 5.75 to 1.01.00.
Appears in 1 contract
Samples: Credit Agreement (PHH Corp)
Ratio of Indebtedness to Tangible Net Worth. Permit, at any time, the ratio of Indebtedness of the Borrower and its Subsidiaries to Tangible Net Worth to exceed 10.0 6.00 to 1.01.00 prior to October 1, 2013 and 5.75 to 1.00 thereafter.
Appears in 1 contract
Samples: Credit Agreement (PHH Corp)
