Senior Debt to Tangible Assets Sample Clauses

Senior Debt to Tangible Assets. Not permit the ratio of (i) Senior ------------------------------ Debt minus all Securitization Obligations to (ii) Tangible Assets minus, to the extent included in Tangible Assets, all assets which are owned by or subject to a Lien in favor of a Special Purpose Vehicle to exceed 1.0 to 1.0 at any time.
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Senior Debt to Tangible Assets. Not permit the ratio of (i) ------------------------------ Senior Debt to (ii) Tangible Assets to exceed 1.0 to 1.0 at any time.
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Senior Debt to Tangible Assets. The Borrowers will not permit at any time the ratio of (a) the sum of the Loans, unpaid Reimbursement Obligations and the Maximum Drawing Amount to (b) Consolidated Tangible Assets to be greater than 1.00:1.
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Senior Debt to Tangible Assets. Not permit the ratio of (i) Senior ------------------------------ Debt to (ii) Tangible Assets to exceed the applicable ratio set forth below during any period set forth below: SENIOR DEBT TO PERIOD: TANGIBLE ASSETS RATIO: ------ --------------------- Effective Date through 12/31/98 1.25 to 1.0 1/1/99 and thereafter 1.00 to 1.0.
Sample 1
Senior Debt to Tangible Assets. Not permit the ratio of (i) Senior Debt to (ii) the sum of Tangible Assets plus the outstanding amount of accounts receivable, lease receivables and other payment obligations which are not included on Parent's consolidated balance sheet but would be so included if not sold pursuant to a Securitization Transaction to exceed 1.0 to 1.0 at any time.
Sample 1
Senior Debt to Tangible Assets. The Parent will not permit the ratio of (i) Senior Debt (excluding Securitization Obligations) to (ii) Tangible Assets (excluding, to the extent included in Tangible Assets, (A) all assets which are owned by a Special Purpose Vehicle or subject to a Lien in connection with a Securitization Transaction and (B) Excess Synthetic Lease Collateral (other than Excess Synthetic Lease Collateral securing the Existing Synthetic Leases)) to exceed 1.10 to 1.00 at any time.
Sample 1
Senior Debt to Tangible Assets. Holdings will not permit the ------------------------------- ratio of (i) Senior Debt (excluding Securitization Obligations) to (ii) Tangible Assets (excluding, to the extent included in Tangible Assets, (A) all assets which are owned by a Special Purpose Vehicle or subject to a Lien in connection with a Securitization Transaction and (B) Excess Synthetic Lease Collateral (other than Excess Synthetic Lease Collateral securing the Existing Synthetic Leases)) to exceed 1.0 to 1.0 at any time.
Sample 1
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Senior Debt to Tangible Assets. 51 10.6.5 Senior Debt to Cash Flow Ratio.......................... 51 10.7
Sample 1
Senior Debt to Tangible Assets. The Borrowers will not permit at any time the ratio of (a) the sum of the Loans, unpaid Reimbursement Obligations and the Maximum Drawing Amount to (b) Consolidated Tangible Assets to be greater than the ratio opposite such period set forth in the table below: Fiscal Quarters Ending Ratio -------------------------------------- ----------------------------------- 3/31/01 - 9/30/01 1.10:1 -------------------------------------- ----------------------------------- 12/31/01 1.05:1 -------------------------------------- ----------------------------------- 3/31/02 and thereafter 1.00:1 -------------------------------------- ----------------------------------- 18 -18-
Sample 1

Related to Senior Debt to Tangible Assets

  • Net Tangible Assets Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) remaining after the closing of the Purchaser Share Redemption.

  • Debt to Tangible Net Worth Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 1.0:1.0.

  • Tangible Assets The Target owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

  • Intangible Assets 4,912 Other assets........................................................... 113,928 Total assets........................................................... 6,920,723 CONTINUED ON NEXT PAGE

  • Condition of Tangible Assets All buildings, structures, facilities, equipment and other material items of tangible property and assets included in the Assets are in good operating condition and repair, subject to normal wear and maintenance, are usable in the regular and ordinary course of business and conform to all applicable laws, ordinances, codes, rules and regulations relating to their construction, use and operation.

  • Title to Tangible Assets The Company and its Subsidiaries have good title to their properties and assets and good title to all their leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than or resulting from taxes which have not yet become delinquent and minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company and its Subsidiaries and which have not arisen otherwise than in the ordinary course of business.

  • Eligible Assets The Fund shall only make investments in the Eligible Assets as described on Exhibit B, as amended from time to time with the prior written consent of Xxxxx Fargo, in accordance with the Fund’s investment objectives and the investment policies set forth in the Offering Memorandum, as such investment objectives and investment policies may be modified in accordance with the 1940 Act and applicable law and, if applicable, the Related Documents.

  • Borrowing Base Properties (a) Except where the failure to comply with any of the following would not have a Material Adverse Effect, each of Parent and Borrower shall, and shall use commercially reasonable efforts to cause each other Loan Party or the applicable tenant, to:

  • Existing Indebtedness of the Loan Parties All of the existing Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than Indebtedness permitted to exist pursuant to Section 7.02) shall be repaid in full and all security interests related thereto shall be terminated on or prior to the Closing Date.

  • Funded Indebtedness 2 GAAP............................................................ 6

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