Adjusted Tangible Net Worth Ratio Sample Clauses

Adjusted Tangible Net Worth Ratio. At all times, the ratio of (i) Total Liabilities to (ii) Adjusted Tangible Net Worth shall not be more than 12.0 to 1.0.
Sample 1Sample 2See All (5)
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Adjusted Tangible Net Worth Ratio. Maintain at all times, the ratio of (i) Total Liabilities plus off balance sheet liabilities (including but not limited to recourse servicing, recourse sale and other recourse obligations, guaranty, indemnity and mortgage loan repurchase obligations) to (ii) the Adjusted Tangible Net Worth of not less than 8.0 to 1.0.
Sample 1
Adjusted Tangible Net Worth Ratio. The ratio of the Liabilities to Adjusted Tangible Net Worth Ratio as of the last day of the month ended ________________________ is ___ to 1.0 (the maximum ratio under Section 16.18(b) is 8.0:1.0). Leverage Ratio Total Liabilities (excluding Qualified Subordinated Debt): $ ____________ Adjusted Tangible Net Worth: $ ____________ LEVERAGE RATIO: ___ to 1.0 (c) Liquidity. The Seller’s Liquidity, as of the last day of the month ended __________________, 202__ was $_____________ (the minimum under Section 16.18(c) is $40,000,000). Liquidity Unencumbered cash and cash equivalents: $ _______________ Plus Unused availability against Purchased Loans (Purchase Value – Purchase Price): $ _______________ LIQUIDITY: $ _______________ (d) Net Income. As of the last day of the month ended ______________, the Seller’s Net Income for the 12 month period then ending was $______________ (the minimum under Section 16.18(d) is $1). Annex A-2 to Ex B Bodman_16842095_7 EXHIBIT C To Master Repurchase Agreement List of Subsidiaries of the Seller as of the Effective Date Subsidiary Place of organization States where The Seller’s qualified as a foreign percentage of capital organization stock or equity ownership PCIC Corporation Michigan California 100% Massachusetts Michigan New York North Carolina Ohio Pennsylvania South Carolina Texas Virginia C-1 Bodman_16842095_7
Sample 1
Adjusted Tangible Net Worth Ratio. The ratio of the Liabilities to Adjusted Tangible Net Worth Ratio as of the last day of the month ended ________________________ is ___ to 1.0 (the maximum ratio under Section 16.18(b) is 8.0:1.0). Leverage Ratio Total Liabilities (excluding Qualified Subordinated Debt): $ ____________ Adjusted Tangible Net Worth: $ ____________ LEVERAGE RATIO: ___ to 1.0
Sample 1
Adjusted Tangible Net Worth Ratio. The ratio of the Liabilities to Adjusted Tangible Net Worth Ratio as of the last day of the month ended ________________________ is ___ to 1.0 (the maximum ratio under Section 16.18(b) is 8.0:1.0). Leverage Ratio Total Liabilities (excluding Qualified Subordinated Debt): $ ____________ Adjusted Tangible Net Worth: $ ____________ LEVERAGE RATIO: ___ to 1.0 (c) Liquidity. The Seller’s Liquidity, as of the last day of the month ended __________________, 201__ was $_____________ (the minimum under Section 16.18(c) is $25,000,000). Liquidity Unencumbered cash and cash equivalents: $ _______________ Plus Unused availability against Purchased Loans (Purchase Value – Purchase Price): $ _______________ LIQUIDITY: $ _______________ (d) Net Income. As of the last day of the month ended ______________, the Seller’s Net Income for the 12 month period then ending was $______________ (the minimum under Section 16.18(d) is $1).
Sample 1
Adjusted Tangible Net Worth Ratio. The ratio of the Liabilities to Adjusted Tangible Net Worth Ratio as of is to 1.0 (the maximum ratio under Section 17.12(b) is 10.0:1.0.) Leverage Ratio Total Liabilities (excluding Qualified Subordinated Debt): $ Adjusted Tangible Net Worth: $ LEVERAGE RATIO: to 1.0
Sample 1
Adjusted Tangible Net Worth Ratio. Section 17.13 of the Repurchase Agreement is amended by deleting the reference to “8.0 to 1.0” therein and inserting in its place “10.0 to 1.0”.
Sample 1
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Related to Adjusted Tangible Net Worth Ratio

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Consolidated Tangible Net Worth (i) The net worth of Seller and its consolidated subsidiaries, on a combined basis, determined in accordance with GAAP, minus (ii) all intangibles determined in accordance with GAAP (including goodwill, capitalized financing costs and capitalized administration costs but excluding originated and purchased mortgage servicing rights or retained residual securities) and any and all advances to, investments in and receivables held from affiliates; provided, however, that the non-cash effect (gain or loss) of any xxxx-to-market adjustments made directly to stockholders’ equity for fluctuation of the value of financial instruments as mandated under the Statement of Financial Accounting Standards No. 133 (or any successor statement) shall be excluded from the calculation of Consolidated Tangible Net Worth.

  • Minimum Consolidated Tangible Net Worth (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.

  • Minimum Consolidated Net Worth The Company will not permit its Consolidated Net Worth at any time to be less than the sum of (a) $800,000,000 plus (b) an aggregate amount equal to 50% of its Consolidated Net Earnings (but, in each case, only if a positive number) for each completed fiscal year beginning with the fiscal year ending September 30, 2013.”

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) 203,170,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.25 to 1.00.

  • Tangible Net Worth The Seller will not permit its tangible net worth, at any time, to be less than $10,000,000.

  • Consolidated Net Worth Borrower will at the end of each fiscal quarter maintain Consolidated Net Worth in an amount of not less than the sum of (i) $625,000,000 plus (ii) fifty percent (50%) of the aggregate Consolidated Net Income, if positive, for the period beginning January 1, 2005 and ending on the last day of such fiscal quarter.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of Holdings to be greater than 2.50 to 1.00.

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