Debt to Tangible Net Worth Ratio. Permit the ratio of Debt (excluding, for this purpose only, Debt arising under the Hedging Arrangements, to the extent of assets arising under the same Hedging Arrangements) to Tangible Net Worth of the Company (and its Subsidiaries, on a consolidated basis) at any time to exceed (i) from the Closing Date, to and including December 30, 1999, 20 to 1; and (ii) from and after December 31, 1999, 17 to 1.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Term Loan and Security Agreement (Accredited Home Lenders Holding Co)
Debt to Tangible Net Worth Ratio. Permit the ratio of Debt (excluding, for this purpose only, Debt arising under the Hedging Arrangements, to the extent of assets arising under the same Hedging Arrangements) to Tangible Net Worth of the Company (and its Subsidiaries, on a consolidated basis) at any time to exceed (i) from the Closing Date, to and including December 30, 1999, 20 to 1; and (ii) from and after December 31, 1999, 17 to 1.
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (Mortgage Com Inc)
Debt to Tangible Net Worth Ratio. Permit the ratio of Debt (excluding, for this purpose only, Debt arising under the Hedging Arrangements, to the extent of assets arising under the same Hedging Arrangements) to Tangible Net Worth of the Company (and its Subsidiaries, on a consolidated basis) at any time to exceed (i) from the Closing Date, to and including December 30, 1999, 20 to 1; and (ii) from and after December 31, 1999, 17 10 to 1.
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Credit and Security Agreement (U S Home Corp /De/)
Debt to Tangible Net Worth Ratio. Permit the ratio of Debt (excluding, for this purpose only, Debt arising under the Hedging Arrangements, to the extent of assets arising under the same Hedging Arrangements) to Tangible Net Worth of Worth, determined for the Company (Guarantor and its Subsidiaries, on a consolidated basis) , at any time to exceed (i) from the Closing Date, to and including December 30, 1999, 20 to 1; and (ii) from and after December 31, 1999, 17 12 to 1.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (American Business Financial Services Inc /De/)
Debt to Tangible Net Worth Ratio. Permit the ratio of Debt (excluding, for this purpose only, Debt arising under the Hedging Arrangements, to the extent of assets arising under the same Hedging Arrangements) to Tangible Net Worth of the Company (and its SubsidiariesControlled Entities, on a consolidated basis) at any time to exceed (i) from the Closing Date15 to 1, to and including December 30, 1999, 20 to 1; and (ii) from and after December 31, 1999, 17 to 1be measured annually as of the fiscal year-end of the Company.
Appears in 1 contract
Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC)
Debt to Tangible Net Worth Ratio. Permit the ratio of Debt (excluding, for this purpose only, Debt arising under the Hedging Arrangements, to the extent of assets arising under the same Hedging Arrangements) to Tangible Net Worth of the Company (BNC and its Subsidiaries, on a consolidated and consolidating basis) , at any time to exceed (i) from the Closing Date, to and including December 30, 1999, 20 to 1; and (ii) from and after December 31, 1999, 17 15 to 1.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (BNC Mortgage Inc)
