Ratio of Total Liabilities to Tangible Net Worth. The Borrowing Group shall maintain at all times a ratio of Total Liabilities to Tangible Net Worth of not more than 6 to 1.
Ratio of Total Liabilities to Tangible Net Worth. The Guarantor and its Subsidiaries (including the Borrower) will maintain at all times the ratio of its Total Liabilities to Tangible Net Worth of not more than 3.50 to 1.00.”
Ratio of Total Liabilities to Tangible Net Worth. Lyon Homes will at all times maintain a ratio of Total Liabilities (exclusive of consolidated liabilities of variable interest entities) to Tangible Net Worth of not more than 3.5 to 1.0.
Ratio of Total Liabilities to Tangible Net Worth. Parent will at all times maintain a Ratio of Total Liabilities to Tangible Net Worth of not greater than .50 to 1.00. The Ratio of Total Liabilities to Tangible Net Worth shall be calculated and tested quarterly as of the last day of each fiscal quarter of Parent.
Ratio of Total Liabilities to Tangible Net Worth. Seller’s ratio of Total Liabilities to Tangible Net Worth has not exceeded [ ]:[ ].
Ratio of Total Liabilities to Tangible Net Worth. Maintain a ratio of Total Liabilities to Tangible Net Worth at all times in an amount not to exceed 1.20:1.00.
Ratio of Total Liabilities to Tangible Net Worth. Total Liabilities $ Tangible Net Worth $ Ratio of Total Liabilities To Tangible Net Worth Covenant = [__:__] COMPLIANCE PASS FAIL Maintenance of Liquidity Unrestricted Cash $ Cash Equivalents $ Liquidity Covenant = $[ ]. COMPLIANCE PASS FAIL Profitability: [ ] $ Net Income covenant shows positive COMPLIANCE PASS FAIL Exh. E-3 SCHEDULE 2 TO OFFICER’S COMPLIANCE CERTIFICATE DEBT AS OF LENDER TOTAL FACILITY SIZE $ AMOUNT COMMITTED OUTSTANDING DEBT EXPIRATION DATE Exh. E-4 SCHEDULE 3 TO OFFICER’S COMPLIANCE CERTIFICATE OVERALL MORTGAGE LOAN ORIGINATIONS FOR THE MONTH ENDED MORTGAGE LOAN TYPE TOTAL NUMBER OF MORTGAGE LOANS ORIGINATED AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS ORIGINATED CONVENTIONAL 15 YR FIXED CONVENTIONAL 30 YR FIXED FHA 30 YR FIXED ARM PRODUCT (describe) Exh. E-5 SCHEDULE 4 TO OFFICER’S COMPLIANCE CERTIFICATE INTEREST RATE PROTECTION AGREEMENT Exh. E-6 SCHEDULE 5 TO OFFICER’S COMPLIANCE CERTIFICATE REPURCHASE AND EARLY PAYMENT DEFAULT REQUESTS Exh. E-7 EXHIBIT F ASSIGNMENT OF CLOSING PROTECTION LETTER Stonegate Mortgage Corporation (“Assignor”) declares that for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it does hereby convey, transfer, assign, deliver and give to Assignee, and hereby expressly subrogates Bank of America, N.A. (“Assignee”) unto, all of Assignor’s claims, demands, rights and causes of action, past, present or future, that Assignor has for loss or damage covered by the closing protection letter issued by (Title Company) attached hereto (“Closing Protection Letter”). Such rights being assigned by Assignor hereunder include, without limitation, the right to demand, xxx, collect, receive, protect, preserve and enforce performance under the Closing Protection Letter. Assignee shall succeed to all rights of recovery of Assignor under the Closing Protection Letter and Assignor shall execute such instruments and documents necessary and proper to further secure such rights to Assignee and shall not act in any manner hereafter to prejudice or impair the rights of Assignee. Assignor hereby grants Assignee an irrevocable mandate and power of attorney coupled with an interest with full power of substitution to transact this act of assignment and subrogation.
Ratio of Total Liabilities to Tangible Net Worth. Borrowers will not permit the ratio of Total Liabilities to Tangible Net Worth to be more than 0.60 to 1.0 during the term of this Agreement.
Ratio of Total Liabilities to Tangible Net Worth. Permit or suffer the ratio of the Consolidated Total Liabilities to the Consolidated Tangible Net Worth to exceed (i) 2.50 to 1.0 at any time on or before December 30, 2011, (ii) 2.25 to 1.0 at any time on or after December 31, 2011 and on or before March 30, 2012, or (iii) 2.00 to 1.0 to any time thereafter; provided that, for purposes of this Section 6.12(c) only, the 2009 Q-4 Impairment Charges shall be added back to Consolidated Tangible Net Worth.
Ratio of Total Liabilities to Tangible Net Worth. Borrower will at all times maintain a Ratio of Total Liabilities to Tangible Net Worth of not greater than 0.50 to 1.00. The Ratio of Total Liabilities to Tangible Net Worth shall be calculated and tested quarterly as of the last day of each fiscal quarter of Borrower.
