Adjusted Consolidated Tangible Net Worth. At any time, permit the Adjusted Consolidated Tangible Net Worth of the Borrower and the Subsidiaries to be less than the sum of (i) $120,000,000, plus (ii) the principal amount of Subordinated Debt incurred by the Borrower on and after June 27, 2002.
Appears in 3 contracts
Samples: Loan and Security Agreement and Waiver (Pemstar Inc), Loan and Security Agreement and Waiver (Pemstar Inc), Loan and Security Agreement (Pemstar Inc)
Adjusted Consolidated Tangible Net Worth. At any time, permit the Adjusted Consolidated Tangible Net Worth of the Borrower and the Subsidiaries to be less than the sum of (i) $120,000,000150,000,000, plus (ii) the principal amount of Subordinated Debt incurred by the Borrower on and after June 27March 19, 2002.
Appears in 1 contract
Samples: Loan and Security Agreement and Waiver (Pemstar Inc)
