Common use of Tangible Net Worth Ratio Clause in Contracts

Tangible Net Worth Ratio. The Company will not permit the ratio of Indebtedness to Tangible Net Worth to exceed 3.25 to 1.00 as of the last day of any fiscal quarter of the Company. For purposes of this Section 6.12, Indebtedness shall be determined with reference to the balance sheet included with the most recent financial statements delivered pursuant to Section 5.01(a) or (b), as applicable.

Appears in 3 contracts

Sources: Credit Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Credit Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Credit Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

Tangible Net Worth Ratio. The Company CompanyBorrower will not permit the ratio of Indebtedness to Tangible Net Worth to exceed 3.25 to 1.00 as of the last day of any fiscal quarter of the CompanyCompanyBorrower. For purposes of this Section 6.12, Indebtedness shall be determined with reference to the balance sheet included with the most recent financial statements delivered pursuant to Section 5.01(a) or (b), as applicable.

Appears in 1 contract

Sources: Credit Agreement (HA Sustainable Infrastructure Capital, Inc.)