Common use of Total Debt to Tangible Net Worth Clause in Contracts

Total Debt to Tangible Net Worth. (a) As at December 31, 2007, and as at each fiscal year end thereafter, BORROWER shall maintain the ratio of its Total Debt to Tangible Net Worth at no more than 6.0 to 1.0.

Appears in 1 contract

Samples: And Amended Loan and Security Agreement (Five Star Products Inc)

AutoNDA by SimpleDocs

Total Debt to Tangible Net Worth. (a) As at December 31, 20072002, 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Five Star Products Inc)

Total Debt to Tangible Net Worth. (a) As at December 31September 30, 2007, 2001 and as continuing at each fiscal year end all times thereafter, BORROWER shall maintain the ratio of its Total Debt to its Tangible Net Worth at no more than 6.0 to 1.0.

Appears in 1 contract

Samples: Loan and Security Agreement (Five Star Products Inc)

AutoNDA by SimpleDocs

Total Debt to Tangible Net Worth. (a) As at (1) During the period from the date hereof to December 31, 2007, and as at each fiscal year end thereafter1998, BORROWER shall maintain the ratio of its Total Debt to its Tangible Net Worth at no more than 6.0 to 1.0.

Appears in 1 contract

Samples: Loan and Security Agreement (American Drug Co)

Time is Money Join Law Insider Premium to draft better contracts faster.