Total Liabilities to Tangible Net Worth Ratio definition
Examples of Total 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 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.
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.
On or following December 31, 2001, the Guarantor shall not permit the Total Liabilities to Tangible Net Worth Ratio of Guarantor to exceed 12:1.