Tangible Leverage Ratio definition

Tangible Leverage Ratio means total liabilities / tangible net worth. Tangible net worth is defined as the sum of (Capital stock, paid in capital and returned earnings) Less the sum of a good will or other intangible assets. All ratios will be calculated quarterly from the Borrower's fiscal quarter statements with income and expense items annualized.
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Tangible Leverage Ratio means the ratio of Total Liabilities to Tangible Net Worth.
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Tangible Leverage Ratio means the number obtained by dividing (a) the total Liabilities of Borrowers less any Subordinated Debt, by (b) the Borrowers’ Tangible Capital Funds.
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Examples of Tangible Leverage Ratio in a sentence

  • In addition, at March 31, 1997, Debtor failed to maintain (i) a Tangible Leverage Ratio of 5.75 to 1.0, as required under SECTION 12(o) of the Loan Agreement and (ii) a Fixed Charge Coverage Ratio of 1.1 to 1.0, as required under SECTION 12(q) of the Loan Agreement.

  • As of the end of each fiscal quarter beginning with the fiscal quarter ending June 30, 2011, the Borrowers’ consolidated Tangible Leverage Ratio shall not be greater than 1.30.

  • Permit UAMC'S Tangible Leverage Ratio at any time to exceed 10 to 1.

  • Permit UAMCC’s Tangible Leverage Ratio at any time to exceed 10 to 1.

  • As of the end of each fiscal quarter beginning with the fiscal quarter ending March 31, 2011, the Borrowers’ consolidated Tangible Leverage Ratio shall not be greater than 1.15.


More Definitions of Tangible Leverage Ratio

Tangible Leverage Ratio means total liabilities / tangible net worth. Tangible net worth is defined as the sum of (capital stock, paid in capital and returned earnings) less the sum of goodwill or other intangible assets.
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Tangible Leverage Ratio means the ratio of a Person's (and, if applicable, the Person's Subsidiaries, on a consolidated basis)
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