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. 1.6 Section 10.6.6 of the Credit Agreement is amended and restated in full, to read as follows:
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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 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.
1.6 1.8 Section 10.6.6 of the Credit Agreement is amended and restated in full, to read as follows:
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Total Liabilities to Tangible Capital Funds Ratio. Not The Loan Parties shall not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than 12.00 (i) 13.20 to 1.00 as of the end of MarchMarch 2005, 2005or (ii) 5.23 to 1.00 as of the end of any month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.
1.6 Section 10.6.6 of the Credit Agreement is amended and restated in full, to read as follows:β
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Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)
Total Liabilities to Tangible Capital Funds Ratio. Not The Loan Parties shall not permit the Total Liabilities to Tangible Capital Funds Ratio to be greater than 12.00 than: (i) 13.20 to 1.00 as of the end of March, March 2005; or (ii) 5.23 to 1.00 as of the end of any month thereafter; such ratio to be determined in each case in accordance with GAAP as of such month-end.
1.6 Section 10.6.6 of the Credit Agreement is amended and restated in full, to read as follows:β
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Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)