Debt to Tangible Net Worth means, as of any day, the ratio of Funded Debt to Tangible Net Worth.
Debt to Tangible Net Worth means, with respect to Regional Management, as of any day, the ratio of its Funded Debt to its Tangible Net Worth.
Debt to Tangible Net Worth. Ratio shall mean the ratio of Indebtedness to Tangible Net Worth.
Examples of Debt to Tangible Net Worth in a sentence
Borrower agrees that, for each calendar quarter during the term of the Loans, its Debt to Tangible Net Worth shall not exceed ____to 1.0 (the "Maximum Debt to Tangible Net Worth Ratio").
Borrowers shall not permit their Leverage Ratio (Debt to Tangible Net Worth Ratio) to be greater than 2.00 to 1.00 at any time.
The Borrower's Debt to Tangible Net Worth Ratio shall not exceed 5.0 to 1 on September 30, 2016; 3.50 to 1 on September 30, 2017; and 2.0 to 1 on September 30, 2018 and each September 30 thereafter.
Borrower shall not permit the Leverage (Debt to Tangible Net Worth Ratio) to be greater than 2.00 to 1.00 at any time.
More Definitions of Debt to Tangible Net Worth
Debt to Tangible Net Worth. A ratio of total liabilities to tangible net worth of not greater than 2.0 to 1.0. In the event that this ratio exceeds 1.6:1, then the interest rate shall increase by .40% as set forth in the Renewal and Additional Advance Promissory Note.” with
Debt to Tangible Net Worth. RATIO: Borrower shall at all times maintain a ratio of total liabilities to Tangible Net Worth of not more than 1.00:1.0. For purposes of this calculation, total liabilities shall exclude deferred revenues and debt, if any, that has been subordinated to the Loans in a written subordination agreement on terms satisfactory to Silicon.
Debt to Tangible Net Worth means, as of any date in question, the ratio of (a) total Indebtedness on the balance sheet of any Issuer to (b) the fair market value of all assets on the balance sheet of any Issuer except for (i) goodwill, including any amounts representing the excess of the purchase price paid for assets or stock acquired over the value assigned thereto on the balance sheet of any Issuer, (ii) patents, trademarks, trade names, copyrights and other intellectual property, (iii) shares of Capital Stock of any Issuer, (iv) loans and notes receivable from officers, employees, stockholders, or directors of any Issuer or any Affiliate or Subsidiary of any Issuer, (v) deferred expenses, and (vi) any other intangible asset of any Issuer that should be classified as such on the balance sheet of any Issuer in accordance with GAAP, less all liabilities on the balance sheet of any Issuer.
Debt to Tangible Net Worth means the ratio of total liabilities, excluding the principal balance of any debt that is subordinate to the Senior Loan, to Tangible Net Worth;
Debt to Tangible Net Worth. REQUIREMENT: Defined in paragraph 12(viii) of the main body of this Commitment. DEVELOPMENT: Any improvements which are to be constructed on any unimproved land owned and/or controlled either directly or indirectly by Borrowers or to be acquired by Borrowers, and any additions which are to be added to any improved property owned and/or controlled either directly or indirectly by Borrowers (irrespective of whether constituting part of the collateral pool for the Credit Facility) and which additions will increase the square footage of the improvements (rentable or otherwise) located on any such improved property. EXPIRATION DATE: Defined in paragraph 33 of the main body of this Commitment.
Debt to Tangible Net Worth means Total Liabilities divided by Tangible Net Worth.
Debt to Tangible Net Worth. Dealer shall maintain a ratio of Debt to Tangible Net Worth not to exceed 9.75 to 1.0 at time of the execution of this Rider; and not to exceed a ratio of 6.0 to 1.0 by March 31 1999. Such covenant shall be measured monthly.