Total Liabilities to Tangible Capital Funds Ratio. Not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than 12.00 to 1.00 as of the end of March, 2005; such ratio to be determined in accordance with GAAP as of such month-end.
Appears in 2 contracts
Samples: Credit Agreement (Clarion Technologies Inc/De/), Credit Agreement (Clarion Technologies Inc/De/)
Total Liabilities to Tangible Capital Funds Ratio. Not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than 12.00 (i) 6.00 to 1.00 as of the end of Marcheach of April, 2005May, June, July, and August, 2004, and (ii) greater than 4.75 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.
Appears in 2 contracts
Samples: Credit Agreement (Clarion Technologies Inc/De/), Credit Agreement (Clarion Technologies Inc/De/)
Total Liabilities to Tangible Capital Funds Ratio. Not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than 12.00 13.20 to 1.00 as of the end of March, 2005, 12.92 to 1.00 as of the end of April, 2005, and 12.65 to 1.00 as of the end of each calendar month thereafter; such ratio to be determined in accordance with GAAP as of such month-end.β
Appears in 1 contract
Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)
Total Liabilities to Tangible Capital Funds Ratio. Not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than 12.00 to 1.00 as of the end of March, 2005, 11.75 to 1.00 as of the end of April, 2005, and 11.50 to 1.00 as of the end of each calendar month thereafter; such ratio to be determined in accordance with GAAP as of such month-end.
Appears in 1 contract
