Common use of Liabilities to Tangible Net Worth Clause in Contracts

Liabilities to Tangible Net Worth. Maintain at all times a --------------------------------- Liabilities to Tangible Net Worth Ratio not to exceed (a) 1.75:1.0 through 8/31/01 and (b) 1.50:1.0 at all times thereafter. Except as specifically otherwise provided, all financial covenants shall be calculated in accordance with GAAP consistently applied.

Liabilities to Tangible Net Worth. Maintain at all times a ratio --------------------------------- Liabilities of total liabilities to the sum of Tangible Net Worth Ratio plus long term portions of Subordinated Debt not to exceed (a) 1.75:1.0 through 8/31/01 and (b) 1.50:1.0 at all times thereafter1.25:1. Except as specifically otherwise provided, all financial covenants shall be calculated in accordance with GAAP consistently applied.

Liabilities to Tangible Net Worth. Maintain at all times a --------------------------------- Liabilities to Tangible Net Worth Ratio not to exceed (a) 1.75:1.0 through 8/31/01 and (b) 1.50:1.0 at all times thereafter1.25:1. Except as specifically otherwise provided, all financial covenants shall be calculated in accordance with GAAP consistently applied.

Liabilities to Tangible Net Worth. Maintain at all times a Liabilities --------------------------------- Liabilities to Tangible Net Worth Ratio not to exceed (a) 1.75:1.0 through 8/31/01 and (b) 1.50:1.0 at all times thereafter1.25:1. Except as specifically otherwise provided, all financial covenants shall be calculated in accordance with GAAP consistently applied.

Liabilities to Tangible Net Worth. Maintain at all times a --------------------------------- Liabilities to Tangible Net Worth Ratio not to exceed (a) 1.75:1.0 through 8/31/01 and (b) 1.50:1.0 at all times thereafter1.25:1.0. Except as specifically otherwise provided, all financial covenants shall be calculated in accordance with GAAP consistently applied.”