Debt to Tangible Net Worth Ratio. Borrower shall maintain a ratio of total liabilities to tangible net worth of not more than 1.00 to 1.
Debt to Tangible Net Worth Ratio means, as of any applicable time of determination thereof, the ratio of (i) Adjusted Total Liabilities, to (ii) the Tangible Net Worth at such time.
Debt to Tangible Net Worth Ratio means, in respect of a Person and as of any applicable date of determination thereof, the ratio of (a) the total Debt of such Person less the total Subordinated Debt of such Person at such time to (b) the Tangible Net Worth of such Person plus the Subordinated Debt of such Person at such time.
Examples of Debt to Tangible Net Worth Ratio in a sentence
The second covenant is to maintain a Total Debt to Tangible Net Worth Ratio of less than 3.00 to 1.00.
To maintain a Debt to Tangible Net Worth Ratio not greater than 0.65:1 in each quarter.
Variations on this theme include limits on the Current Ratio, Quick Ratio, Debt to Equity Ratio, Equity to Asset Ratio, and Debt to Tangible Net Worth Ratio.
During the year the Company was, and continues to be, in default of covenants pertaining to required Tangible Net Worth and Debt to Tangible Net Worth Ratio.
The Guarantor shall maintain, as of the last day of each calendar month ending after the Closing Date, a Corporate Debt to Tangible Net Worth Ratio not to exceed [***].
More Definitions of Debt to Tangible Net Worth Ratio
Debt to Tangible Net Worth Ratio. Borrower shall maintain a ratio of total liabilities to tangible net worth of not more than 1.0 to 1. PROFITABILITY Effective with the period ending March 31, 1997, Borrower shall not incur a loss (after taxes) for any fiscal quarter or fiscal year during the term of this Agreement.
Debt to Tangible Net Worth Ratio means the debt-to-equity ratio of the Company, calculated in accordance with GAAP by comparing total Debt to Tangible Net Worth.
Debt to Tangible Net Worth Ratio is defined as (1) (A) Total Liabilities of Borrower, minus (B) Subordinated Debt, divided by (2) (A) Net Worth, plus (B) Subordinated Debt, plus (C) Intangibles, minus (D) Related Party Receivables.
Debt to Tangible Net Worth Ratio means the ratio of Borrower's total liabilities to Borrower's tangible net worth plus subordinated debt.
Debt to Tangible Net Worth Ratio means the ratio of all Debt of the Borrower and its Subsidiaries on a consolidated basis, to Tangible Net Worth.
Debt to Tangible Net Worth Ratio means a ratio with total liabilities minus the principal balance of any debt that is subordinated to Secured Party in a manner satisfactory to Secured Party as the numerator and with Tangible Net Worth (as defined below) as the denominator.
Debt to Tangible Net Worth Ratio means, as of the last day of any fiscal quarter, the ratio of (i) Funded Debt as of such date to (ii) Consolidated Tangible Net Worth as of such date.