Ratio of Total Liabilities to Tangible Net Worth. The Borrowing Group shall maintain at all times a ratio of Total Liabilities to Tangible Net Worth of not more than 6 to 1.
Ratio of Total Liabilities to Tangible Net Worth. The Guarantor and its Subsidiaries (including the Borrower) will maintain at all times the ratio of its Total Liabilities to Tangible Net Worth of not more than 3.50 to 1.00.”
Ratio of Total Liabilities to Tangible Net Worth. Lyon Homes will at all times maintain a ratio of Total Liabilities (exclusive of consolidated liabilities of variable interest entities) to Tangible Net Worth of not more than 3.5 to 1.0.
Ratio of Total Liabilities to Tangible Net Worth. Parent will at all times maintain a Ratio of Total Liabilities to Tangible Net Worth of not greater than .50 to 1.00. The Ratio of Total Liabilities to Tangible Net Worth shall be calculated and tested quarterly as of the last day of each fiscal quarter of Parent.
Ratio of Total Liabilities to Tangible Net Worth. Seller’s ratio of Total Liabilities to Tangible Net Worth has not exceeded [ ]:[ ].
Ratio of Total Liabilities to Tangible Net Worth. The Guarantor and its Subsidiaries (including the Borrower) will maintain at all times the ratio of its Total Liabilities (exclusive of consolidated liabilities of variable interest entities) to Tangible Net Worth of not more than (i) 5.00 to 1.00 at all times during the period from January 1, 2008 through and including December 31, 2008, and (ii) 3.50 to 1.00 at all times from and after January 1, 2009.
Ratio of Total Liabilities to Tangible Net Worth. Borrower will at all times maintain a Ratio of Total Liabilities to Tangible Net Worth of not greater than 3.75 to 1.00. The Ratio of Total Liabilities to Tangible Net Worth shall be calculated and tested monthly as of the last day of each month.
Ratio of Total Liabilities to Tangible Net Worth. Total Liabilities $ Tangible Net Worth $ Unrestricted Cash $ Cash Equivalents $ Liquidity Covenant = $[ ]. [ ] $ MORTGAGE LOAN TYPE TOTAL NUMBER OF MORTGAGE LOANS ORIGINATED AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS ORIGINATED CONVENTIONAL 15 YR FIXED CONVENTIONAL 30 YR FIXED FHA 30 YR FIXED ARM PRODUCT (describe) Stonegate Mortgage Corporation (“Assignor”) declares that for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it does hereby convey, transfer, assign, deliver and give to Assignee, and hereby expressly subrogates Bank of America, N.A. (“Assignee”) unto, all of Assignor’s claims, demands, rights and causes of action, past, present or future, that Assignor has for loss or damage covered by the closing protection letter issued by (Title Company) attached hereto (“Closing Protection Letter”). Such rights being assigned by Assignor hereunder include, without limitation, the right to demand, xxx, collect, receive, protect, preserve and enforce performance under the Closing Protection Letter. Assignee shall succeed to all rights of recovery of Assignor under the Closing Protection Letter and Assignor shall execute such instruments and documents necessary and proper to further secure such rights to Assignee and shall not act in any manner hereafter to prejudice or impair the rights of Assignee. Assignor hereby grants Assignee an irrevocable mandate and power of attorney coupled with an interest with full power of substitution to transact this act of assignment and subrogation.
Ratio of Total Liabilities to Tangible Net Worth. The Borrower will not permit the ratio of (i) Total Liabilities to (ii) Tangible Net worth to exceed 1.00 to 1.00 as of the Effective Date of this Amendment and as of the end of each fiscal quarter thereafter.
Ratio of Total Liabilities to Tangible Net Worth. Guarantor will at all times maintain a Ratio of Total Liabilities to Tangible Net Worth of not greater than 1.00 to 1.00 from and after December 31, 2007.
