Adjusted Tangible Net Worth. Borrower will maintain a minimum Adjusted Tangible Net Worth of $95,000,000. Adjusted Tangible Net Worth is defined as Tangible Net Worth before Other Comprehensive Income. For purposes of the Adjusted Tangible Net Worth calculation, Other Comprehensive Income will be the same as "Accumulated other comprehensive income (loss)" as presented in the audited financial statements of the Borrower.
Appears in 3 contracts
Samples: Loan Agreement (Monarch Cement Co), Loan Agreement (Monarch Cement Co), Seventh Amendment to Agreement (Monarch Cement Co)
Adjusted Tangible Net Worth. Borrower Borrow will maintain a minimum Adjusted Tangible Net Worth of $95,000,000. Adjusted Tangible Net Worth is defined as Tangible Net Worth before Other Comprehensive Income. For purposes of the Adjusted Tangible Net Worth calculation, Other Comprehensive Income will be the same as "Accumulated other comprehensive income (loss)" as presented in the audited financial statements of the Borrower.
Appears in 3 contracts
Samples: Eighth Amendment to Loan Agreement (Monarch Cement Co), Seventh Amendment to Agreement (Monarch Cement Co), Eighth Amendment to Loan Agreement (Monarch Cement Co)
