Examples of Tangible Net Worth in a sentence
The Borrower shall maintain at all times a positive Tangible Net Worth.
Minimum Tangible Net Worth shall be greater than or equal to the amount set forth in the column “Tangible Net Worth” as at the end of the applicable fiscal year.
No Seller Party nor Guarantor has violated any Requirement of Law applicable to such Seller Party or Guarantor, as applicable, that, if violated, would be reasonably likely to result in a decrease to the Guarantor’s Adjusted Tangible Net Worth in an amount equal to or greater than the JPM Threshold.
At the end of each Test Period, Guarantor (on a consolidated basis) shall maintain its ratio of Debt to Tangible Net Worth to not more than 4.50 to 1.00.
Seller has not violated any Requirement of Law applicable to Seller that, if violated, would be reasonably likely to result in a decrease to Seller’s Adjusted Tangible Net Worth in an amount equal to or greater than the JPM Threshold.