Debt to Tangible Net Worth means, as of any day, the ratio of Funded Debt to Tangible Net Worth.
Debt to Tangible Net Worth means, with respect to Regional Management, as of any day, the ratio of its Funded Debt to its Tangible Net Worth.
Debt to Tangible Net Worth. A ratio of total liabilities to tangible net worth of not greater than 2.0 to 1.0. In the event that this ratio exceeds 1.6:1, then the interest rate shall increase by .40% as set forth in the Renewal and Additional Advance Promissory Note.” with
Examples of Debt to Tangible Net Worth in a sentence
Maintain a ratio of Debt to Tangible Net Worth of not more than 2.50 to 1.00.
The second covenant is to maintain a Total Debt to Tangible Net Worth Ratio of less than 3.00 to 1.00.
As of the end of each of its fiscal quarters, the Borrower shall maintain a ratio of Total Debt to Tangible Net Worth of not greater than 1.75 to 1.00.
Borrower’s failure to maintain its Debt to Tangible Net Worth ratio below the required maximum ratio as of each testing date shall constitute an Event of Default that is not curable.
To maintain a Debt to Tangible Net Worth Ratio not greater than 0.65:1 in each quarter.
More Definitions of Debt to Tangible Net Worth
Debt to Tangible Net Worth. RATIO: Borrower shall at all times maintain a ratio of total liabilities to Tangible Net Worth of not more than 1.00:
Debt to Tangible Net Worth. Ratio shall mean the ratio of Indebtedness to Tangible Net Worth.
Debt to Tangible Net Worth means, as of any date in question, the ratio of (a) total Indebtedness on the balance sheet of any Issuer to (b) the fair market value of all assets on the balance sheet of any Issuer except for (i) goodwill, including any amounts representing the excess of the purchase price paid for assets or stock acquired over the value assigned thereto on the balance sheet of any Issuer, (ii) patents, trademarks, trade names, copyrights and other intellectual property, (iii) shares of Capital Stock of any Issuer, (iv) loans and notes receivable from officers, employees, stockholders, or directors of any Issuer or any Affiliate or Subsidiary of any Issuer, (v) deferred expenses, and (vi) any other intangible asset of any Issuer that should be classified as such on the balance sheet of any Issuer in accordance with GAAP, less all liabilities on the balance sheet of any Issuer.
Debt to Tangible Net Worth means the ratio of total liabilities, excluding the principal balance of any debt that is subordinate to the Senior Loan, to Tangible Net Worth;
Debt to Tangible Net Worth. Borrower shall maintain, on a monthly basis, beginning with the month ended January 31, 1997, a ratio of total liabilities to tangible net worth of not more than 1.65 to 1.00. Exhibit 10(b) Form 10-QSB (3/31/97) PROFITABILITY: Borrower shall be profitable (after taxes) on a quarterly basis with an allowance for losses not to exceed $300,000.00 for the quarter ending March 31, 1997, $165,000.00 for the quarter ending June 30, 1997, $110,000.00 for the quarter ending September 30, 1997 and $30,000.00 for the quarter ending December 31, 1997.
Debt to Tangible Net Worth. Borrower shall maintain, on a monthly basis, beginning with the month ended October 31, 1997, a ratio of total liabilities to tangible net worth of not more than 2.10 to 1.00.
Debt to Tangible Net Worth. Dealer shall maintain a ratio of Debt to Tangible Net Worth not to exceed 9.75 to 1.0 at time of the execution of this Rider; and not to exceed a ratio of 6.0 to 1.0 by March 31 1999. Such covenant shall be measured monthly.