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

Maximum Debt to Tangible Net Worth. Borrower shall maintain a ratio of (i) the outstanding amount of Indebtedness of Borrower (excluding Subordinated Debt), to (ii) Tangible Net Worth, each as measured on a fiscal quarter-end basis commencing the calendar quarter ending December 31, 2005 and for each fiscal quarter thereafter, which is less than or equal to 6.00 to 1.00.

Maximum Debt to Tangible Net Worth. Borrower shall maintain a ratio of (i) the outstanding amount of Indebtedness of Borrower (excluding Subordinated Debt), to (ii) Tangible Net Worth, each as measured on a fiscal quarter-end basis commencing the calendar quarter ending December 31September 30, 2005 2007 and for each fiscal quarter thereafter, which is less than or equal to 6.00 to 1.001.00 (non-recourse off balance sheet financing would not be included as Indebtedness for the purposes of this covenant).

Maximum Debt to Tangible Net Worth. Borrower shall maintain a ratio of (i) the outstanding amount of Indebtedness of Borrower (excluding Subordinated Debt), to (ii) Tangible Net Worth, each as measured on a fiscal quarter-end basis commencing the calendar quarter ending December 31, 2005 and for each fiscal quarter thereafter, which is less than or equal to 6.00 to 1.00.;

Maximum Debt to Tangible Net Worth. Borrower shall maintain a ratio of (i) the outstanding amount of Indebtedness of Borrower (excluding Subordinated Debt), to (ii) Tangible Net Worth, each as measured on a fiscal quarter-end basis commencing the calendar quarter ending December March 31, 2005 2011 and for each fiscal quarter thereafter, which is less than or equal to 6.00 4.50 to 1.00.