Common use of Tangible Net Worth Ratio Clause in Contracts

Tangible Net Worth Ratio. The ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) the Company’s Consolidated Tangible Net Worth shall not be more than 12.0 to 1.0 as of the end of each calendar month.

Tangible Net Worth Ratio. The ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) the Company’s 's Consolidated Tangible Net Worth shall not be more than 12.0 to 1.0 as of the end of each calendar month.