Ratio of Liabilities to Tangible Net Worth. The ratio of Borrowers' consolidated Liabilities to Borrowers' Tangible Net Worth shall not exceed the following ratios at the dates indicated: As of Ratio Not to Exceed ----- ------------------- September 30, 1996 15.0 to 1 December 31, 1996 19.0 to 1 March 31, 1997 14.5 to 1 June 30, 1997 4.5 to 1 September 30, 1997 3.0 to 1 December 31, 1997 and thereafter 3.0 to 1
Ratio of Liabilities to Tangible Net Worth. Borrower shall maintain at all times during the term hereof a ratio of Liabilities to Tangible Net Worth of not more than 1:00 : 1.00, Borrower's compliance herewith to be first tested by Lender on December 31, 1997 and to be tested annually thereafter.
Ratio of Liabilities to Tangible Net Worth. The Borrower shall have a ------------------------------------------- ratio of Liabilities to Tangible Net Worth at all times equal to .70:1
Ratio of Liabilities to Tangible Net Worth. Guarantor shall maintain a ratio of total Liabilities to Tangible Net Worth of less than 1.25 to 1.00 as of the close of each fiscal quarter of Guarantor during the term of this Agreement.
Ratio of Liabilities to Tangible Net Worth. The ratio of (a) Borrower's Liabilities, on a consolidated basis, to (b) Borrower's Tangible Net Worth shall at no time be greater than 1.15:1.
Ratio of Liabilities to Tangible Net Worth. Borrower shall not permit the ratio of combined Liabilities to Tangible Net Worth to exceed 2.25 to 1, at any time.
Ratio of Liabilities to Tangible Net Worth. At all times set forth in the chart below, the Borrower shall not permit the ratio of (a) Consolidated Total Liabilities of the Borrower (excluding accrued subordinated Permitted Indebtedness payable by the Borrower to Andersen Group, Inc. which is permittex xxxxxant to ss.ss.8.1(l) and 8.14), to (b) the sum of the Borrower's Consolidated Tangible Net Worth plus accrued subordinated Permitted Indebtedness payable by the Borrower to Andersen Group, Inc. which is permixxxx xxrsuant to ss.ss.8.1(l) and 8.14, to exceed the applicable ratio set forth in the table below: --------------------------------------------------------- ---------------------- Period Ratio --------------------------------------------------------- ---------------------- --------------------------------------------------------- ---------------------- December 29, 1997 2.50 to 1 through November 30, 1998 --------------------------------------------------------- ---------------------- --------------------------------------------------------- ---------------------- December 1, 1998 through 2.25 to 1 November 30, 1999 --------------------------------------------------------- ---------------------- --------------------------------------------------------- ---------------------- December 1, 1999 through 2.00 to 1 maturity --------------------------------------------------------- ----------------------
Ratio of Liabilities to Tangible Net Worth. At all times, the Borrower shall not permit the ratio of (a) Consolidated Total Liabilities of the Borrower, to (b) the Borrower's Consolidated Tangible Net Worth, to exceed 1.25 to 1.
Ratio of Liabilities to Tangible Net Worth. Borrower will at all times maintain a ratio of Liabilities of Borrower and its Subsidiaries to Tangible Net Worth of not greater than (a) 1.50 to 1.00 from March 10, 1997 through December 30, 1997, (b) 1.35 to 1.00 from December 31, 1997 through December 30, 1998, (c) 1.20 to 1.00 from December 31, 1998 through December 30, 1999, and (d) 1.00 to 1.00 as of December 31, 1999 and throughout the remainder of the term of this Agreement.
Ratio of Liabilities to Tangible Net Worth. The BORROWER and its SUBSIDIARIES shall maintain as of the end of each fiscal quarter during the terms of the LOANS a ratio of LIABILITIES to TANGIBLE NET WORTH of not greater than 1.25 to 1.0.
