Common use of Adjusted Net Worth Clause in Contracts

Adjusted Net Worth. The Guarantor will not permit Adjusted Net Worth as at the last day of any fiscal quarter of the Guarantor to be less than $1,000,000,000.

Appears in 8 contracts

Samples: Credit and Guarantee Agreement (H&r Block Inc), Credit and Guarantee Agreement (H&r Block Inc), Credit and Guarantee Agreement (H&r Block Inc)

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Adjusted Net Worth. The Guarantor will not permit Adjusted Net Worth as at the last day of any fiscal quarter of the Guarantor to be less than (a) for the fiscal quarters ending October 31, 2007 and January 31, 2008, $800,000,000 and (b) for each other fiscal quarter, $1,000,000,000”.

Appears in 2 contracts

Samples: Five Year Credit and Guarantee Agreement (H&r Block Inc), Five Year Credit and Guarantee Agreement (H&r Block Inc)

Adjusted Net Worth. The Guarantor will not permit Adjusted Net Worth as at the last day of any fiscal quarter of the Guarantor to be less than the sum of (a) $1,000,000,000800,000,000 plus (b) 80% of the net gain attributed to Consolidated Net Worth as a result of the sale by the Borrower of all or any part of Option One Mortgage Corporation.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Block Financial Corp), Credit and Guarantee Agreement (Block Financial Corp)

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Adjusted Net Worth. The Guarantor will not permit Adjusted Net Worth as at the last day of any fiscal quarter of the Guarantor to be less than (a) for the fiscal quarter ending on January 31, 2008, $800,000,000 and (b) for each other fiscal quarter, $1,000,000,000.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (H&r Block Inc)

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