Capital Base Clause Samples

Capital Base. Have a Capital Base less than $100,000,000.

Capital Base. During each of the periods set forth below, not permit the Borrower's Capital Base to be less than the amount set forth opposite such period at any time: 94 PERIOD CAPITAL BASE March 31, 1995 through and including October 30, 1995 $3,200,000 October 31, 1995 through and including March 30, 1996 $3,300,000 March 31, 1996 to and including October 30, 1996 $3,400,000 October 31, 1996 and thereafter $3,500,000

Capital Base. The Borrower will maintain as at each Determination ------------ Date (commencing with its results as at April 30, 1999) a consolidated Capital Base which shall not be less than $25,000,000.

Capital Base. Maintain a minimum Capital Base, as defined herein, as at 5/31/08 and at the end of each fiscal quarter thereafter of at least the sum of $124,000,000 plus 75% of cumulative consolidated quarterly net income of the Borrower and its Subsidiaries after 5/31/08. In addition, 75% of the net proceeds received by the Borrower or its Subsidiaries from any equity offering will be added to the applicable Capital Base amount required as set forth above for the next succeeding fiscal quarter and in each fiscal quarter thereafter. Net losses, if any, will not be deducted from the applicable calculation of Capital Base. Capital Base shall mean for the Borrower and its Subsidiaries on a consolidated basis the sum of Tangible Net Worth plus Subordinated Debt.”

Capital Base. For each period described below, International will maintain at all times, on a consolidated basis, its Capital Base in an amount not less than: Period Capital Base ------ ------------ 12/25/99 to 1/28/00 $1,470,000 1/29/00 to 2/25/00 $1,650,000 2/26/00 to 3/24/00 $1,775,000 3/25/00 to 4/30/00 $1,900,000" 4. TOTAL LIABILITIES TO CAPITAL BASE RATIO. SECTION 7.11 OF THE CREDIT AGREEMENT IS HEREBY AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

Capital Base. During each of the periods set forth below, not permit the Borrower's Capital Base to be less than the amount set forth opposite such period at any time: PERIOD CAPITAL BASE March 31, 1994 through and including June 29, 1994 $4,300,000 June 30, 1994 through and including September 29, 1994 $4,350,000 September 30, 1994 through and including December 30, 1994 $4,400,000 December 31, 1994 through and including March 30, 1995 $4,600,000 March 31, 1995 through and including September 29, 1995 $4,700,000 September 30, 1995 through and including March 30, 1996 $4,800,000 March 31, 1996 through and including September 29, 1996 $5,100,000 September 30, 1996 and thereafter $5,400,000

Capital Base. The Borrower will maintain, as at the end of each month (commencing with the Borrower's results as at October 31, 1999), a consolidated Capital Base which shall not be less than $3,000,000.

Capital Base. The Borrower shall maintain at all times a minimum Capital Base of at least $9,000,000.00, to be tested quarterly as of the last day of each fiscal quarter.

Capital Base. The Borrower will maintain, as at the end of each fiscal quarter of the Borrower, a consolidated Capital Base of not less than $5,000,000.