Total Debt to Tangible Net Worth Ratio Sample Clauses

Total Debt to Tangible Net Worth Ratio. The Borrowers shall, at all times, cause the Total Debt to Tangible Net Worth Ratio to be less than or equal to 1.00:1.
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Total Debt to Tangible Net Worth Ratio. Borrower shall maintain a ratio of Total Debt to Tangible Net Worth Ratio of not more than 1.75:1.00, calculated at the end of each fiscal quarter through the fiscal quarter ending December 31, 2004. Commencing with the fiscal quarter ending March 31, 2005, said ratio shall step down to 1.50:1.00.
Sample 1
Total Debt to Tangible Net Worth Ratio. Section 9.2 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Sample 1
Total Debt to Tangible Net Worth Ratio. Maintain a Total Debt to Tangible Net Worth Ratio of 2.00 to 1.00 or less, as of December 31, 2003, and at the end of each fiscal quarter thereafter, to be tested on a rolling four quarters basis. “Total Debt” means all of Borrower’s liabilities including Subordinated Debt. “Subordinated Debt’ means indebtedness and other liabilities of Borrower which have been subordinated by written agreement to the Lender in form and substance acceptable to Lender. “Tangible Net Worth” means Borrower’s total assets excluding all intangible assets (i.e., goodwill, trademarks, patents, copyrights, organizational expenses, and similar intangible items, but including leaseholds and leasehold improvements), less Total Debt.
Sample 1
Total Debt to Tangible Net Worth Ratio. Maintain Borrower’s Total Debt to Tangible Net Worth Ratio at not more than 2.0 to 1.0 at the end of each fiscal year, commencing December 31, 2017, measured for Borrower on a Consolidated basis. “Total Debt” means all of Borrower’s liabilities including Subordinated Debt. As used in this definition, “Subordinated Debt” means indebtedness and liabilities of Borrower, which have been subordinated by written agreement to indebtedness owed by Borrower to Lender, in form and substance acceptable to Lender. “Tangible Net Worth” means Borrower`s total assets excluding all intangible assets (i.e., goodwill, trademarks, patents, copyrights, organizational expenses, and similar intangible items, but including leaseholds and leasehold improvements) less Total Debt.
Sample 1
Total Debt to Tangible Net Worth Ratio. The ratio of the aggregate Total Debt of Borrowers to the aggregate Tangible Net Worth of Borrowers shall never exceed 12.0 to 1.0.
Sample 1
Total Debt to Tangible Net Worth Ratio. The ratio of the Total Debt of Preferred to the Tangible Net Worth of Preferred shall never be more than 10.0 to 1.0.
Sample 1
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Related to Total Debt to Tangible Net Worth Ratio

  • Total Liabilities to Tangible Net Worth Ratio Maintain a ratio of total liabilities to Tangible Net Worth of less than .80 to 1.0 as of the end of each fiscal quarter.

  • 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.

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Total Leverage Ratio The Company will not permit the Leverage Ratio as of the last day of any fiscal quarter ending during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio October 1, 2002 through and including December 31, 2002 6.85 to 1.00 January 1, 2003 through and including March 31, 2003 7.50 to 1.00 April 1, 2003 through and including September 30, 2003 7.75 to 1.00 October 1, 2003 through and including December 31, 2003 7.25 to 1.00 January 1, 2004 through and including December 31, 2004 6.50 to 1.00 January 1, 2005 and thereafter 4.00 to 1.00

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Debt to Worth Ratio To maintain at all times, on a consolidated basis, a ratio of Total Liabilities to Tangible Net Worth not exceeding 1.10 to 1.00.

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Total Debt Ratio The Loan Parties will not at any time permit the Total Debt Ratio to exceed 4.0 to 1.0. 10.17

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