Borrower Net Worth. The Consolidated Net Worth of Borrower shall be no less than $5,000,000.00.
Borrower Net Worth. The Borrower will at all times maintain a Net Worth equal to or greater than the greater of (a) Two Hundred Million Dollars ($200,000,000) or (b) the sum of (i) $200,000,000 plus (ii) fifty percent (50%) of the Net Proceeds of each public or private offering of the common stock of the Borrower subsequent to the Agreement Date.
Borrower Net Worth. Not permit Borrower Net Worth to be less than an amount equal to the Required Borrower Net Worth. The initial Required Borrower Net Worth shall be $2,100,000,000. On the date that financial statements of the Borrower are delivered pursuant to Section 6.1(a)(ii) and effective as of the date of such financial statements, the Required Borrower Net Worth will be recalculated to be the greater of (x) the Required Borrower Net Worth in effect immediately prior to such Fiscal Year end and (y) 60% of the Borrower Net Worth as of such Fiscal Year end, with such recalculated Required Borrower Net Worth taking effect as of such Fiscal Year end.
Borrower Net Worth. The Consolidated Net Worth of Borrower shall be no less than $3,000,000.00.
Borrower Net Worth. The Borrower shall not permit the Net Worth of the Borrower and its consolidated Subsidiaries as at the end of any Fiscal Quarter to be less than (i) in the case of any Fiscal Quarter ending on or prior to September 30, 2022, the sum of 70% of the Net Worth of the Borrower and its consolidated Subsidiaries as of September 30, 2020, plus 50% of the aggregate Net Income for the Borrower and its consolidated Subsidiaries since September 30, 2020 (to the extent positive), and (ii) in the case of any Fiscal Quarter ending after September 30, 2022, $900,000,000.00.
Borrower Net Worth. The Consolidated Tangible Net Worth of the Parent shall at all times be more than US$750,000,000.
Borrower Net Worth the Consolidated Tangible Net Worth of the Parent was [*] and therefore the requirements of Clause 22.2.1(a) (Borrower Net Worth) have been met;
Borrower Net Worth. Section 7.7 of the Credit Agreement is hereby amended by deleting “Consolidated Net Worth” and replacing it with “Borrower Net Worth”.
Borrower Net Worth. Not permit Borrower Net Worth to be less than an amount equal to the $1,800,000,000 (the “Required Borrower Net Worth”); provided, however, that, if the Borrower Net Worth at any time is less than the Required Borrower Net Worth, but is greater than or equal to $1,500,000,000 (the “Minimum Borrower Net Worth”), then, so long as the Required Rating is maintained, no Default or Event of Default shall be deemed to have occurred solely as a result of such breach of this Section 7.2(a) until the first day on which (i) the Borrower Net Worth is less than the Minimum Borrower Net Worth, (ii) the Financial Strength Rating is less than the Required Rating, (iii) there is no publicly available Financial Strength Rating or (iv) the date which is three months from the date the Borrower Net Worth was less than the Required Borrower Net Worth if Borrower Net Worth continues to be less than the Required Borrower Net Worth.
Borrower Net Worth. The Borrower shall not permit the GAAP Net Worth of the Borrower and its consolidated Subsidiaries as at the end of any Fiscal Quarter to be less than the sum of 70% of the Net Worth of the Borrower and its consolidated Subsidiaries as of September 30, 2020, plus 50% of the aggregate Net Income for the Borrower and its consolidated Subsidiaries since September 30, 2020 (to the extent positive).
