Total Debt Ratio. Borrower shall not permit the ratio, calculated as of the last day of each month, of (a) the aggregate amount of all Debt to (b) Adjusted Tangible Net Worth, to be more than: (a) 15 to 1 prior to December 1, 1996, and (b) 10 to 1 thereafter."
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Total Debt Ratio. Borrower shall not permit the ratio, calculated on a ---------------- consolidated basis as of the last day of each month, of (a) the aggregate amount of all Debt (numerator) to (b) Adjusted Tangible Net Worth, Worth (denominator) to be more than: (a) 15 to 1 prior to December 1, 1996, and (b) 10 to 1 thereafterthan 9:1."
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Samples: Loan and Security Agreement (Reliance Acceptance Group Inc)
Total Debt Ratio. The Borrower shall not permit the ratio, calculated on a consolidated basis as of the last day of each month, of (a) the aggregate amount of all Debt Debt, to (b) Adjusted Tangible Net Worth, to be more than: (a) 15 exceed 6 to 1 prior to December 1, 1996, and (b) 10 to 1 thereafter."
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Samples: Loan and Security Agreement (Reliance Acceptance Group Inc)
Total Debt Ratio. Borrower shall not permit the ratio, ----------------- calculated on a consolidated basis as of the last day of each month, of (a) the aggregate amount of all Debt (numerator) to (b) Adjusted Tangible Net Worth, Worth (denominator) to be more than: (a) 15 to 1 prior to December 1, 1996, and (b) 10 to 1 thereafterthan 10:1."
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Samples: Loan and Security Agreement (Reliance Acceptance Group Inc)
Total Debt Ratio. Borrower shall not permit the ratio, calculated as of the last day of each month, of (a) the aggregate amount of all Debt (numerator) to (b) Adjusted Tangible Net WorthWorth (denominator), to be more than: (a) 15 to 1 prior to December 1, 1996, and (b) 10 to 1 thereafter."than the amount indicated opposite the specified time period:
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