Debt to Tangible Net Worth. Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 1.0:1.0.
Debt to Tangible Net Worth. For purposes of calculating a Person's Leverage Ratio, Debt arising under Hedging Arrangements, to the extent of assets arising under those Hedging Arrangements, may be excluded from a Person's Debt.
Debt to Tangible Net Worth. Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 2.00:1.00. "Tangible Net Worth" shall mean net worth increased by indebtedness of Borrower subordinated to Bank and decreased by patents, licenses, trademarks, trade names, goodwill and other similar intangible assets, organizational expenses, and monies due from affiliates (including officers, shareholders and directors).
Debt to Tangible Net Worth. Maintain at all times a consolidated ratio of total liabilities to Tangible Net Worth (defined as stockholder's equity less any value for goodwill, trademarks, patents, copyrights, leaseholds, organization expense and other similar intangible items, and of any amounts due from stockholders, officers and affiliates) or not greater than 1.50:1.0" Default: Actual Debt to Tangible Net Worth was 3.97 to l.00.
Debt to Tangible Net Worth. Borrower shall have and maintain a Debt to Tangible Net Worth Ratio, on a consolidated basis, measured quarterly at the end of each Fiscal Quarter, not to exceed: 2.50:1 as of Fiscal Quarter end December, 1998 and for each Fiscal Quarter end thereafter.
Debt to Tangible Net Worth. A ratio of total liabilities to tangible net worth of not greater than 2:1. In the event that this ratio exceeds 1.6:1, then the interest rate shall increase by .40% as set forth in the Renewal and Additional Advance Promissory Note.
Debt to Tangible Net Worth. From and after April 1, 1997, the ratio of Debt (including, without limitation, Debt represented by the Note) to Tangible Net Worth will not exceed 6.00:1 as at the end of any fiscal quarter.
Debt to Tangible Net Worth. The Borrower on a consolidated basis with Guarantor and each Subsidiary shall maintain a Debt to Net Worth Ratio of no greater than 1.5 to 1.0 until the Loan is paid in full.
Debt to Tangible Net Worth. The ratio of Debt (including, without limitation, Debt represented by the Note) to Tangible Net Worth of Holdings and its Subsidiaries on a consolidated basis will not exceed 5.5:1 as at the end of any Fiscal Quarter. For the purposes of calculating this ratio, the term "Debt" shall not include any debts with respect to which the creditor does not have recourse to any Borrower or any of its respective assets. Calculation:
Debt to Tangible Net Worth. Cause or allow the BORROWER'S ratio of total debt (defined as all of BORROWER'S Indebtedness and Liabilities to whomsoever the same may be owing, whether now or hereafter existing, created or arising, absolute or contingent, direct or indirect, joint or several, including without limitation, all indebtedness under the Loan)-to-Consolidated Tangible Net Worth (as defined in Section 6.02 hereof) to be greater than 2:1.
