Gross Worth definition

Gross Worth means, as of any time of determination thereof, the sum of Consolidated Owners' Equity and Consolidated Debt.
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Examples of Gross Worth in a sentence

  • Priority Debt to exceed 15% of Consolidated Tangible Gross Worth as of the fiscal quarter ending September 30, 2006 and each fiscal quarter ending thereafter.

  • The Company covenants that it will not, and will not permit any of its Subsidiaries to, create, incur, assume or otherwise become liable with respect to or suffer to exist at any time any Funded Debt if immediately after the incurrence thereof, Consolidated Funded Debt less cash and Cash Equivalents would at any time exceed 50% of the Consolidated Tangible Gross Worth less cash and Cash Equivalents.

  • The Company will not permit the ratio (expressed as a percentage) of Consolidated Funded Debt to Consolidated Gross Worth to exceed 50% at any time.

  • Priority Debt to exceed 15% of Consolidated Tangible Gross Worth.

  • Debt of the Company and its Restricted Subsidiaries to exceed 45% of Consolidated Tangible Gross Worth as of the quarter ending September 30, 2006 and each fiscal quarter ending thereafter.

  • Debt of the Company and its Restricted Subsidiaries (a) from the Closing Date through December 31, 2001 to exceed 50% of Consolidated Tangible Gross Worth and (b) from January 1, 2002 and at all times thereafter to exceed 45% of Consolidated Tangible Gross Worth.

  • Notwithstanding the foregoing exceptions to the prohibition against Investments, the Partnerships shall not at any time permit the aggregate amount of Investments of the Partnerships and the Subsidiaries (excluding Guarantees permitted by clause (vii) above), on a consolidated basis, to exceed 15% of Tangible Gross Worth.