Total Liabilities to Net Worth. Permit the ratio of Total Liabilities to Consolidated Tangible Net Worth as of the last day of any fiscal month (i) as of and after January 29, 2000 to be greater than 1.5 to 1.0; and (ii) as of and after January 27, 2001 to be greater than 0.75 to 1.0.
Total Liabilities to Net Worth. To maintain on a consolidated basis a ratio of total liabilities to net worth not exceeding 1.0:1.
Total Liabilities to Net Worth. At, and measured as of, the end of each Fiscal Quarter, a ratio of Total Liabilities, divided by Net Worth (in each case as determined in accordance with GAAP), of greater than 1.00 to 1.0.
Total Liabilities to Net Worth. The ratio of total liabilities (excluding Subordinated Debt) to Net Worth plus Subordinated Debt will not exceed 4.00:1 determined on a consolidated basis for ABFS and its consolidated subsidiaries (including but not limited to ABL and FLC).
Total Liabilities to Net Worth. A ratio of Total Liabilities to Shareholders’ Equity of less than or equal to 1.00 to 1.00.
Total Liabilities to Net Worth. At, and measured as of, the end of each Fiscal Quarter, a ratio of Total Liabilities, divided by Net Worth (in each case as determined in accordance with GAAP), of greater than 0.75 to 1.0.
1.4 A new Section 9.16 is added to read as follows:
Total Liabilities to Net Worth. Borrower shall at all times maintain a maximum ratio of Total Liabilities to Net Worth of no greater than 1.30 to 1.00. As used herein "Total Liabilities" means all obligations that should, in accordance with generally accepted accounting principles, be classified as liabilities of the Borrower on its balance sheet, less customer advances for construction, contributions in aid of construction and deferred income on dispositions of land. This covenant shall be tested as of the end of each calendar quarter.
Total Liabilities to Net Worth. Borrower will maintain a ratio of total liabilities to net worth of not less than 0.60:1.
Total Liabilities to Net Worth. The Borrower shall not permit the ratio of its Total Liabilities to Net Worth to exceed 1.0 to 1.0.
Total Liabilities to Net Worth. The Parent shall not permit the ratio of Total Liabilities to Net Worth of the Parent and its Subsidiaries determined on a consolidated basis to exceed 1.5 to 1.0 at any time."
(j) The Credit Agreement is amended by deleting Section 8.3 thereof in its entirety and substituting in its place the following:
