Common use of Total Liabilities to Tangible Capital Funds Ratio Clause in Contracts

Total Liabilities to Tangible Capital Funds Ratio. The Loan Parties shall not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than (i) 6.60 to 1.00 as of the end of April, May, June, July and August, 2004, and (ii) 5.23 to 1.00 as of the end of September, 2004 or any month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.

Total Liabilities to Tangible Capital Funds Ratio. The Loan Parties shall not Not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than (i) 6.60 12.00 to 1.00 as of the end of AprilMarch, May2005, June, July and August, 2004, and (ii) 5.23 11.75 to 1.00 as of xxx xxx xx Xxxxx, 0000, (xxx) 11.50 to 1.00 as of the end of SeptemberMay 31, 2004 or any 2005, June 30, 2005 and July 31, 2005, and (iv) 6.25 to 1.00 as of the end of each calendar month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.

Total Liabilities to Tangible Capital Funds Ratio. The Loan Parties shall not Not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than (i) 6.60 13.20 to 1.00 as of the end of AprilMarch, May2005, June, July and August, 2004, and (ii) 5.23 12.92 to 1.00 as of xxx xxx xx Xxxxx, 0000, (xxx) 12.65 to 1.00 as of the end of SeptemberMay 31, 2004 or any 2005, June 30, 2005 and July 31, 2005 and (iv) 6.875 to 1.00 as of the end of each calendar month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.”

Total Liabilities to Tangible Capital Funds Ratio. The Loan Parties shall not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than (i) 8.80 to 1.00 as of the end of March, April or May, 2003, (ii) 7.70 to 1.00 as of the end of June, July, August, September, October or November, 2003, or (iii) 6.60 to 1.00 as of the end of AprilDecember, May, June, July and August, 2004, and (ii) 5.23 to 1.00 as of the end of September, 2004 2003 or any month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.

Total Liabilities to Tangible Capital Funds Ratio. The Loan Parties shall not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than than: (i) 6.60 13.20 to 1.00 as of the end of April, May, June, July and August, 2004, and March 2005; or (ii) 5.23 to 1.00 as of the end of September, 2004 or any month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.”

Total Liabilities to Tangible Capital Funds Ratio. The Loan Parties shall not Not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than (i) 6.60 8.00 to 1.00 as of the end of AprilMarch, April or May, June2003, July and August, 2004, and (ii) 5.23 7.00 to 1.00 as of the end of June, July, August, September, 2004 October or November, 2003, or (iii) 6.00 to 1.00 as of the end of December, 2003 or any month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.

Total Liabilities to Tangible Capital Funds Ratio. The Loan Parties shall not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than (i) 6.60 13.20 to 1.00 as of the end of AprilMarch 2005, May, June, July and August, 2004, and or (ii) 5.23 to 1.00 as of the end of September, 2004 or any month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.”