Liabilities to Tangible Net Worth Ratio definition

Liabilities to Tangible Net Worth Ratio means the result obtained by dividing Liabilities by Tangible Net Worth;

Liabilities to Tangible Net Worth Ratio means with respect to --------------------------------------- the Borrower and its Subsidiaries on a consolidated basis the ratio of total senior liabilities to the sum of Tangible Net Worth plus long term portion of Subordinated Indebtedness.

Liabilities to Tangible Net Worth Ratio means, as of any date of determination, the ratio at such time of (i) total liabilities, excluding Subordinated Debt, to (ii) Tangible Net Worth.

Examples of Liabilities to Tangible Net Worth Ratio in a sentence

• Borrower will maintain at all times a ratio of total liabilities to tangible net worth, determined under consistently applied generally accepted accounting principles, of (Total Liabilities to Tangible Net Worth Ratio) or less.

• Borrower will maintain at all times a ratio of total liabilities to tangible net worth, determined under consistently applied generally accepted accounting principles, of 0.000 to 1.0 (Total Liabilities to Tangible Net Worth Ratio) or less.

• Borrower will maintain a Total Liabilities to Tangible Net Worth Ratio, on any date of testing, of less than 2.00 to 1.00, as computed by Lender from time to time based on financial statements provided by Borrower.

• Borrower agrees to the following provisions from the date hereof until final payment in full of the Obligations, unless Bank shall otherwise consent in writing, using the financial information for Borrower, its subsidiaries, affiliates and its holding or parent company, as applicable: Total Liabilities to Tangible Net Worth Ratio.

• The Liabilities to Tangible Net Worth Ratio for Borrower and its Subsidiaries, on a consolidated basis, shall not be more than 4.0 to 1.0 as of the last day of any fiscal quarter ending on or after December 31, 2009.

More Definitions of Liabilities to Tangible Net Worth Ratio

Liabilities to Tangible Net Worth Ratio means the result obtained by dividing (a) Liabilities minus, solely for purposes of calculating this ratio as of the end of the Financial Quarters ending May 31, 2016 and November 30, 2016, the amount of the Existing Guarantees outstanding as at such date by (b) Tangible Net Worth;

Liabilities to Tangible Net Worth Ratio the result obtained by dividing Liabilities of such Person by Tangible Net Worth of such Person. For the purpose of calculating this ratio based on the Consolidated Financial Statements of Chindex, (i) the balance of the Sinking Fund Account will be deducted from the DEG Loan amount outstanding for the purposes of the Liabilities calculation and the balance in the Sinking Fund Account will be deducted from Tangible Net Worth in the Tangible Net Worth calculation; (ii) prior to Maturity, the Tranche B Notes and Tranche C notes as defined in the Securities Purchase Agreement by and among Chindex and Magenta Magic Limited dated November 7, 2007 shall be deducted from the Liabilities and added to Tangible Net Worth; and (iii) the letters of credit for the medical product division of Chindex up to five million US dollars shall be excluded from the Liabilities.

Liabilities to Tangible Net Worth Ratio has the meaning set forth in Section 10.1.3.

Liabilities to Tangible Net Worth Ratio means with respect to --------------------------------------- the Borrower and its Subsidiaries on a consolidated basis the ratio of total Senior Liabilities to the sum of Tangible Net Worth plus the long term portion of Subordinated Indebtedness. As used herein, Senior Liabilities shall mean all liabilities except for Subordinated Indebtedness. As used herein, "long term portion" shall mean that portion of Subordinated Indebtedness maturing more than twelve months from the date of any determination.

Liabilities to Tangible Net Worth Ratio means with respect to any Person, the result obtained by dividing the Liabilities of that Person by the Tangible Net Worth of that Person;

Liabilities to Tangible Net Worth Ratio means, at any time, Liabilities divided by Tangible Net Worth of the Restricted Parent Group, as of such time.

Liabilities to Tangible Net Worth Ratio. Borrower shall have and maintain at all times a Liabilities to Tangible Net Worth Ratio of not more than 3.00 to 1.00.