Ratio of Total Liabilities to Tangible Sample Clauses

Ratio of Total Liabilities to Tangible. Net Worth. Permit the Company's ratio of consolidated Total Liabilities to consolidated Tangible Net Worth to be more than (i) as of March 31, 1999, 4.00:1.00, (ii) as of June 30, 1999, 6.20:1.00, (iii) as of September 30, 1999, 3.50:1.00, (iv) as of December 31, 1999, 2.75:1.00, and (v) as of March 31, 2000, 2.25:1.00." (c) Paragraph 8(k) is hereby amended to read in its entirety as follows:
Sample 1
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Ratio of Total Liabilities to Tangible. Net Worth. Borrowers will maintain, on the last day of each fiscal quarter of Borrowers, the ratio of Total Liabilities of Borrowers and the Subsidiaries to Tangible Net Worth, each as of such date, at not more than 1.00 to 1.00.
Sample 1
Ratio of Total Liabilities to Tangible. Net Worth. Borrower shall at all times maintain a ratio of Total Liabilities to Tangible Net Worth of not more than 2.00 to 1.00, which shall be calculated at the end of each Fiscal Year and on the last day of each Fiscal Quarter." (p) A new Section 6.23 shall be added to the Loan Agreement to read as follows:
Sample 1
Ratio of Total Liabilities to Tangible. Net Worth. ------------------------------------------------ Guarantor and its Subsidiaries shall maintain on a consolidated basis a ratio of Total Liabilities less Subordinated Debt to Tangible Net Worth plus Subordinated Debt of not more than one and fifty one hundredths to one (1.50:1.00) to be measured as of December 31, 1997 and at all times thereafter.
Sample 1

Related to Ratio of Total Liabilities to Tangible

  • 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.

  • 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.

  • Material Liabilities The Company has no liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.

  • Financial Statements; Material Liabilities The Company has delivered to each Purchaser copies of the financial statements of the Company and its Subsidiaries listed on Schedule 5.5. All of said financial statements (including in each case the related schedules and notes) fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries as of the respective dates specified in such Schedule and the consolidated results of their operations and cash flows for the respective periods so specified and have been prepared in accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes thereto (subject, in the case of any interim financial statements, to normal year-end adjustments). The Company and its Subsidiaries do not have any Material liabilities that are not disclosed on such financial statements or otherwise disclosed in the Disclosure Documents.

  • Contingent Liabilities Assume, guarantee, become liable as a surety, endorse, contingently agree to purchase, or otherwise be or become liable, directly or indirectly (including, but not limited to, by means of a maintenance agreement, an asset or stock purchase agreement, or any other agreement designed to ensure any creditor against loss), for or on account of the obligation of any person or entity, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of the Company’s business.

  • Current Liabilities Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

  • 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.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

  • Environmental Liabilities No action, proceeding, revocation proceeding, amendment procedure, writ, injunction or claim is pending, or to the Company's knowledge, threatened concerning any Environmental Permit, Hazardous Material or any Hazardous Materials Activity of the Company. The Company is not aware of any fact or circumstance which could involve the Company in any environmental litigation or impose upon the Company any environmental liability.

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