Total Debt Ratio. The Borrower shall not permit the ratio, calculated on a consolidated basis as of the last day of each month, of (a) the aggregate amount of all Debt, to (b) Adjusted Tangible Net Worth, to exceed 6 to 1."
Appears in 1 contract
Samples: Loan and Security Agreement (Reliance Acceptance Group Inc)
Total Debt Ratio. The Borrower shall not permit the ratio, calculated on a ---------------- consolidated basis as of the last day of each month, of (a) the aggregate amount of all Debt, Debt (numerator) to (b) Adjusted Tangible Net Worth, Worth (denominator) to exceed 6 to 1be more than 9:1."
Appears in 1 contract
Samples: Loan and Security Agreement (Reliance Acceptance Group Inc)
Total Debt Ratio. The Borrower shall not permit the ratio, ----------------- calculated on a consolidated basis as of the last day of each month, of (a) the aggregate amount of all Debt, Debt (numerator) to (b) Adjusted Tangible Net Worth, Worth (denominator) to exceed 6 to 1be more than 10:1."
Appears in 1 contract
Samples: Loan and Security Agreement (Reliance Acceptance Group Inc)
Total Debt Ratio. The Borrower shall not permit the ratio, calculated on a consolidated basis as of the last day of each month, of (a) the aggregate amount of all Debt, Debt (numerator) to (b) Adjusted Tangible Net WorthWorth (denominator), to exceed 6 to 1."be more than the amount indicated opposite the specified time period:
Appears in 1 contract
Total Debt Ratio. The Borrower shall not permit the ratio, calculated on a consolidated basis as of the last day of each month, of (a) the aggregate amount of all Debt, Debt to (b) Adjusted Tangible Net Worth, to exceed 6 be more than: (a) 15 to 1 prior to December 1, 1996, and (b) 10 to 1 thereafter."
Appears in 1 contract
