Total Debt to Tangible Net Worth. As of the end of each of its fiscal quarters, the Borrower shall maintain a ratio of Total Debt to Tangible Net Worth of not greater than 1.75 to 1.00.
Total Debt to Tangible Net Worth. Maintain a Total Debt to Tangible Net Worth (defined as total liabilities divided by Tangible Net Worth defined as total book net worth plus minority interest, less loan to officers/stockholders/affiliates minus intangible assets and accumulated amortization) not to exceed 4.0 to 1, tested at the end of each fiscal quarter.
Total Debt to Tangible Net Worth. (a) As at December 31, 2002, and as at each fiscal year end thereafter, BORROWER shall maintain the ratio of its Total Debt to its Tangible Net Worth at no more than 6.0 to 1.0.
(b) For purposes of this covenant, "Total Debt" shall include all debt owed by BORROWER, including all debt owed by BORROWER to LENDER but excluding any debt whose payment has been subordinated to the prior payment of the Liabilities. For purposes of this covenant, Tangible Net Worth shall have the meaning given that term in Section 5.19(b) above.
Total Debt to Tangible Net Worth. Permit Total Debt to Tangible Net Worth, plus Subordinated Debt, as of the end of each fiscal quarter to be greater than 4.0 to 1.
Total Debt to Tangible Net Worth. Permit Total Debt to Tangible Net Worth, plus Subordinated Debt, at any time to be greater than 3.50 to 1.
Total Debt to Tangible Net Worth. Borrower shall have a maximum Total Debt to Tangible Net Worth ratio, which ratio shall measured on a monthly basis, of (a) 3.75 to 1.00, as of the date hereof and maintained until December 30, 2005 inclusive, (b) 3.50 to 1.00, from December 31, 2005 through December 30, 2006 inclusive, and (c) 3.25 to 1.00, from December 31, 2006 through the Maturity Date inclusive.
Total Debt to Tangible Net Worth. Permit Total Debt to Tangible Net Worth, plus Subordinated Debt, at any time to be greater than 3.50 to 1. Bank of the West/Green Plains Cattle Company LLC Second Amendment to the Credit Agreement
Total Debt to Tangible Net Worth. Borrower’s Total Debt to Tangible Net Worth ratio (determined quarterly) will be equal to or less than 1.0 to 1.0.
Total Debt to Tangible Net Worth. Maintain a Total Debt to Tangible Net Worth (defined as total liabilities divided by Tangible Net Worth defined as total book net worth plus minority Interest, less loan to officers/stockholders/affiliates minus Intangible assets and accumulated amortization) not to exceed 4.0 to 1, tested at the end of each fiscal quarter. Except as provided above, all computations made to determine compliance with the requirements contained In this paragraph shall be made In accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Total Debt to Tangible Net Worth. The Borrower will not permit the ratio of its Total Debt to its Tangible Net Worth, calculated as of the end of each quarter, to exceed 2.75 to 1.00.
