Common use of Maximum Debt to Net Worth Clause in Contracts

Maximum Debt to Net Worth. Borrower shall maintain a ratio of (1) Indebtedness to (2) Tangible Net Worth of less than 9.0 to 1.0 measured annually, beginning at the end of the second year after Closing for the term of the Loan, and based on year-end CPA-reviewed financial statements;

Maximum Debt to Net Worth. Borrower shall maintain at all times a ratio of Debt to net worth (calculated in accordance with GAAP) plus accumulated depreciation of not more than 9 to 1) Indebtedness , to (2) Tangible Net Worth be measured as of less than 9.0 to 1.0 measured year-end annually, beginning at the end of the second year after Closing for the term of the Loan, and based on year-end CPA-reviewed financial statements;2027.

Maximum Debt to Net Worth. Borrower shall maintain a ratio of (1i) Indebtedness to (2ii) Tangible Net Worth of less than 9.0 to 1.0 measured annually, beginning at the end of the second year after Closing for the term of the Loan, and based on year-end CPA-reviewed audited financial statements;