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.
Appears in 2 contracts
Sources: Completion Guaranty (William Lyon Homes), Loan Agreement (William Lyon Homes)
Ratio of Total Liabilities to Tangible Net Worth. Lyon Homes and its Subsidiaries (including Borrower) 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 (i) 5.00 to 1.01.00 at all times through and including December 31, 2008, and (ii) 3.50 to 1.00 at all times from and after January 1, 2009.
Appears in 1 contract
Sources: Loan Agreement (William Lyon Homes)