Common use of Tangible Capital Base Clause in Contracts

Tangible Capital Base. Adjusted Tangible Net Worth of Borrower plus Subordinated Debt. Term - as defined in Section 4.1 of the Agreement. Total Credit Facility - $25,000,000.00.

Appears in 2 contracts

Sources: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)