Total Indebtedness to Tangible Net Worth Sample Clauses

Total Indebtedness to Tangible Net Worth. Borrower shall ---------------------------------------- maintain on a consolidated basis, as of the last day of each calendar month, a ratio of Total Indebtedness (defined below) to Tangible Net Worth (defined below) of at least the following amounts at the following times: Indebtedness/Net ---------------- Worth Ratio: Period ----------- ------ [N/A] through First Tranche Closing 8.0 to 1.0 First Tranche Closing through Second Tranche Closing 2.0 to 1.0 Second Tranche Closing through first four full fiscal quarters thereafter 1.0 to 1.0 At all times thereafter
Sample 1
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Total Indebtedness to Tangible Net Worth. Tangible Net Worth: Equity as of financial statements dated [ ] U.S.$ Less: Goodwill and other Intangible Assets U.S.$( ) Tangible Net Worth U.S.$ (A) Indebtedness: [itemize] U.S.$ (B) Reimbursement Obligations in respect of any letters of credit, letter of guarantee or surety bond (to extent fully defeased by cash collateral) U.S. $ (C) Total Indebtedness (B - C) U.S.$ (D) Total Indebtedness to Tangible Net Worth <*>:1 (D:A) Minimum Requirement 0.25:1
Sample 1
Total Indebtedness to Tangible Net Worth. Borrower shall ---------------------------------------- not permit the ratio of Total Indebtedness to Consolidated Tangible Net Worth, at the end of any quarterly period, to be more than 2.50 to 1.00.
Sample 1
Total Indebtedness to Tangible Net Worth. As of any date, the ratio of Total Indebtedness to Tangible Net Worth, as of any date, to exceed 1.0 to 1.0.
Sample 1
Total Indebtedness to Tangible Net Worth. Maintain on a Consolidated basis, as of the last day of each period set forth below, a ratio of (i) Borrower's total Indebtedness for Money Borrowed for the cumulative period ending on such date, to (ii) Borrower's Tangible Net Worth for the cumulative period ending on such date, of not greater than the ratio set forth below for the period corresponding thereto. Period Ratio ------ ----- (i) Three calendar month period (i) 2.60 to 1.0 ending on June 30, 1998
Sample 1

Related to Total Indebtedness to Tangible Net Worth

  • Minimum Consolidated Tangible Net Worth (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.

  • Consolidated Tangible Net Worth (i) The net worth of Seller and its consolidated subsidiaries, on a combined basis, determined in accordance with GAAP, minus (ii) all intangibles determined in accordance with GAAP (including goodwill, capitalized financing costs and capitalized administration costs but excluding originated and purchased mortgage servicing rights or retained residual securities) and any and all advances to, investments in and receivables held from affiliates; provided, however, that the non-cash effect (gain or loss) of any xxxx-to-market adjustments made directly to stockholders’ equity for fluctuation of the value of financial instruments as mandated under the Statement of Financial Accounting Standards No. 133 (or any successor statement) shall be excluded from the calculation of Consolidated Tangible Net Worth.

  • 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.

  • 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.

  • Minimum Consolidated Net Worth Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$11,250,000,000 (“Minimum Amount”).

  • Total Liabilities to Tangible Net Worth Permit or suffer the ratio of the consolidated Total Liabilities of the Company and its subsidiaries to the consolidated Tangible Net Worth of the Company and its subsidiaries to be greater than 1.85 to 1.00.

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) 203,170,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

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