Total Liabilities to Tangible Net Worth Ratio means the ratio of all amounts that would be included as liabilities on a consolidated balance sheet of the Borrower, to Tangible Net Worth.
Total Liabilities to Tangible Net Worth Ratio means, with respect to each Person, the ratio of such Person’s (a) Total Liabilities to (b) Tangible Net Worth.
Total Liabilities to Tangible Net Worth Ratio shall have the meaning set forth in Section 8.10.
Examples of Total Liabilities to Tangible Net Worth Ratio in a sentence
Notwithstanding any other provision of the Loan Documents to the contrary, Borrower shall not be required to comply with the Maximum Total Liabilities-to-Tangible Net Worth Ratio until and after January 1, 2009, continuing during the remaining term of the Loan.
Borrower acknowledges and agrees that, with the exception of the Maximum Total Liabilities-to-Tangible Net Worth Ratio covenants for which Lender has granted Borrower an extension until and after January 1, 2009, continuing during the remaining term of the Loan, by which to comply, the financial covenants contained in the Loan Documents are in full force and effect and shall be monitored by Lender based on the financial reports to be provided under the Loan Agreement.
More Definitions of Total Liabilities to Tangible Net Worth Ratio
Total Liabilities to Tangible Net Worth Ratio means, as of any date, the ratio of consolidated Total Liabilities of the Company and its Subsidiaries to consolidated Tangible Net Worth of the Company and its Subsidiaries.
Total Liabilities to Tangible Net Worth Ratio means, for Maritrans Inc. as of the Measuring Date which is the end of each Four-Quarter Period, the quotient obtained by dividing (a) the Total Liabilities of Maritrans Inc. on a Consolidated basis as of such Measuring Date by (b) the Tangible Net Worth of Maritrans Inc. on a Consolidated basis as of such Measuring Date.
Total Liabilities to Tangible Net Worth Ratio is defined as the ratio of (x) Borrower’s total liabilities to (y) Borrower’s total assets minus intangible assets minus total liabilities.
Total Liabilities to Tangible Net Worth Ratio means as of any date of determination, the ratio of (i) the Total Liabilities of Parent and its Consolidated Subsidiaries (other than the Excluded Entities) as of such date, to (ii) Tangible Net Worth as of such date.
Total Liabilities to Tangible Net Worth Ratio means with respect to any Person, as of the last day of the most recent fiscal quarter of such Person, the ratio of (i) total liabilities under GAAP less Subordinated Debt, as of such day, to (ii) the Net Worth plus Subordinated Debt of such Person as of such day.
Total Liabilities to Tangible Net Worth Ratio means the ratio of consolidated Total Liabilities, less Subordinated Debt and Deferred Revenue, to consolidated Tangible Net Worth.
Total Liabilities to Tangible Net Worth Ratio means the ratio of Total Liabilities to Tangible Net Worth.