Common use of Debt to Tangible Net Worth Ratio Clause in Contracts

Debt to Tangible Net Worth Ratio. Borrower shall maintain, on a consolidated basis, as at the end of each fiscal quarter commencing with the fiscal quarter ending October 31, 1998, a ratio of Debt to Tangible Net Worth of not more than (a) 1.75 to 1 as at the fiscal quarters ending October 31, 1998 and

Debt to Tangible Net Worth Ratio. Borrower shall maintain, on a consolidated basis, as at the end of each fiscal quarter commencing with the fiscal quarter ending October 31, 1998, a ratio of Debt to Tangible Net Worth of not more than (a) 1.75 to 1 1. As used herein, "Debt" shall mean all liabilities of Borrower as at the fiscal quarters ending October 31, 1998 anddetermined and computed in accordance with GAAP.

Debt to Tangible Net Worth Ratio. The Borrower shall maintainhave a Debt to Tangible Net Worth Ratio not to exceed 1.50 to 1, on a consolidated basis, as which ratio shall be calculated at the end of each fiscal quarter commencing with year of the fiscal quarter ending October 31, 1998, a ratio of Debt to Tangible Net Worth of not more than (a) 1.75 to 1 as at the fiscal quarters ending October 31, 1998 andBorrower.