Total Liabilities to Tangible Net Worth. Permit or suffer the --------------------------------------- ratio of Consolidated Total Liabilities of the Company and its Subsidiaries to Consolidated Tangible Net Worth of the Company and its Subsidiaries to be greater than 2.00 to 1.00 at any time.
Total Liabilities to Tangible Net Worth. The Consolidated Borrower shall at all times maintain a ratio of Total Liabilities at such time to Tangible Net Worth of not greater than 2.00:1.00.
Total Liabilities to Tangible Net Worth. Meditrust shall not permit the ratio of (x) its Total Liabilities to (y) its Tangible Net Worth to be greater than 1.75 to 1.0 at any time.
Total Liabilities to Tangible Net Worth. To maintain a ratio of total liabilities to tangible net worth not exceeding 1.0:1.0, measured monthly.
Total Liabilities to Tangible Net Worth. A ratio of Total Liabilities to Tangible Net Worth of not more than 1.25:1.00.
Total Liabilities to Tangible Net Worth. During the entire Term of the Loan, Borrower shall at all times maintain a ratio of Total Liabilities to Tangible Net Worth no greater than 0.75:1.00. This ratio shall be the measurement of the Total Liabilities of Borrower, as reflected on Borrower’s financial statements delivered to Lender on a quarterly basis beginning September 30, 2010, herein to Tangible Net Worth. “Total Liabilities” shall mean all indebtedness (i) with respect to money borrowed, evidenced by a note, Letter(s) of Credit, Rate Management Obligations (as defined below), debenture or other obligation to pay money, (ii) in respect rent or lease of property, under written leases or lease arrangements required by GAAP to be capitalized, (iii) for all obligations under conditional sales or title retention agreements, (iv) for accounts and trade payables, (v) for accrued expenses, (vi) and for all other monetary obligations of Borrower. “Tangible Net Worth” shall mean total assets of Borrower, excluding assets owed to Borrower from an officer, an affiliate or a subsidiary, and excluding the aggregate amount of Borrower’s goodwill, franchises, licenses, patents, trademarks, trade names, copyrights, service marks, brand names, and other intangible assets minus Total Liabilities.
Total Liabilities to Tangible Net Worth. A maximum Total Liabilities to Tangible Net Worth ratio at all times of 1.0:1.0. Total Liabilities is defined as shown on the Borrowers Annual and Quarterly Financial Statements referred to in Section 3.08 of this Agreement.
Total Liabilities to Tangible Net Worth. To maintain a ratio of total liabilities to tangible net worth not exceeding 2.5:1.0. "Total liabilities" means the sum of current liabilities plus long term liabilities.
Total Liabilities to Tangible Net Worth. To maintain on a consolidated basis, as of the last of each fiscal quarter, a ratio of Total Liabilities not subordinated to Tangible Net Worth not exceeding .5:1.0.
Total Liabilities to Tangible Net Worth. The ratio of Borrower's Total Liabilities to Tangible Net Worth calculated at the end of each Fiscal Quarter shall not exceed .75 to 1 at any time during the term of the Loan.
