Tangible Net Worth Ratio means the ratio of (a) the Total Liabilities of SBAC and its Subsidiaries on a consolidated basis to (b) the Tangible Net Worth of SBAC and its Subsidiaries on a consolidated basis.
Tangible Net Worth Ratio means, as of any date, the ratio of (a) the Total Liabilities as of such date to (b) the sum of (i) Tangible Net Worth as of such date and (ii) Financial Subordinated Debt as of such date.
Tangible Net Worth Ratio means, at any date, the ratio of (i) the total liabilities of the Borrower and the Subsidiary Guarantors determined on a consolidated basis on such date, to (ii) Tangible Net Worth
Examples of 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 Tangible Net Worth Ratio
Tangible Net Worth Ratio shall have the meaning provided in Section 11(b) of this Guaranty.
Tangible Net Worth Ratio shall have the meaning provided in Section 5.2 of this Guaranty.
Tangible Net Worth Ratio means, at any date, the
Tangible Net Worth Ratio shall have the meaning provided in Section 7.19.
Tangible Net Worth Ratio. Borrower shall maintain a ratio of total liabilities to tangible net worth of not more than 0.50 to 1. Profitability Borrower shall not incur a loss (after taxes) for the fiscal quarter ending June 30, 1992 in excess of $750,000, nor shall Borrower incur a loss (after taxes) for the fiscal quarter ending September 30, 1992 in excess of $250,000, nor shall Borrower incur a loss (after taxes) for any subsequent fiscal quarter.
Tangible Net Worth Ratio means the ratio of (a) Borrowers' Total Liabilities on a consolidated basis, to (b) Borrowers' Effective Tangible Net Worth on a consolidated basis.
Tangible Net Worth Ratio means the aggregate of all obligations outstanding under this Agreement divided by Tangible Net Worth.