Combined Net Worth Sample Clauses

Combined Net Worth. The Borrowers will not permit the Combined Net Worth at any time to be less than $600,000,000.
AutoNDA by SimpleDocs
Combined Net Worth. Combined Liquid Net Worth: $0 – 100K $0 – 100K $0 – 100K $101K – 300K $101K – 300K $101K – 300K $301K – 500K $301K – 500K $301K – 500K $501K – 700K $501K – 700K $501K – 700K $701K – 1MM $701K – 1MM $701K – 1MM $1MM+ $1MM+ $1MM+
Combined Net Worth. At any date, the common shareholders' equity and preferred equity of the Combined Group determined in accordance with generally accepted accounting principles on a combined and consolidated basis.
Combined Net Worth. At any date, the common shareholders' equity and preferred equity of the Combined Group determined in accordance with GAAP on a combined and consolidated basis, less, however, the value of any intangibles otherwise included in calculating such net worth under GAAP.
Combined Net Worth. The Company will not permit Combined Net Worth at any time to be less than $35,500,000,000.
Combined Net Worth. EDC and NFC shall at all times maintain a Combined Net Worth of not less than $35,000,000, as increased from time to time after the date hereof by (i) the proceeds of any Stock of EDC or NFC or any of their respective Subsidiaries issued and sold to third Persons, (ii) the amount of Subordinated Debt of EDC or NFC or any of their respective Subsidiaries owed by third parties converted into or exchanged for Stock of EDC or NFC or any of their respective Subsidiaries, and (iii) 50% of the annual positive Combined Net Income of EDC and NFC.
Combined Net Worth. As of the Commencement Date and at all times throughout the Term, the Combined Tenants and the Guarantors (collectively the "Net Worth Parties") shall maintain a Combined Net Worth of Nine Million and No/100 Dollars ($9,000,000.00) (the "Minimum Net Worth Amount"). On the Commencement Date and at such other times during the Term as set forth herein, the Net Worth Parties shall deliver to Lessor unaudited balance sheets of each of the Net Worth Parties confirming that the Minimum Net Worth Amount is being maintained. The unaudited balance sheets delivered on the Commencement Date must be dated on or after March 31, 2005. In the event the Combined Net Worth of the Net Worth Parties at any given time is greater than the Minimum Net Worth Amount, then the Net Worth Parties shall deliver unaudited balance sheets of the Net Worth Parties on a quarterly basis within thirty (30) days of the end of each calendar quarter. In the event the Combined Net Worth of the Net Worth Parties at any given time is less than the Minimum Net Worth Amount, then the Net Worth Parties shall deliver unaudited balance sheets of the Net Worth Parties on a monthly basis within thirty (30) days of the end of each month if and until such time that the Combined Net Worth of the Net Worth Parties for any given unaudited balance sheets delivered to Lessor is more than the Minimum Net Worth Amount, at which time the Net Worth Parties shall deliver unaudited balance sheets of the Net Worth Parties on a quarterly basis within thirty (30) days of the end of each calendar quarter. The unaudited balance sheets required to be delivered hereunder on a quarterly basis shall be certified as true and correct, with the possible exception of immaterial ledger entries, by the chief financial officer (or other officer acceptable to Lessor) of each of the Net Worth Parties.
AutoNDA by SimpleDocs

Related to Combined Net Worth

  • 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.

  • Consolidated Net Worth Borrower will at the end of each fiscal quarter maintain Consolidated Net Worth in an amount of not less than the sum of (i) $625,000,000 plus (ii) fifty percent (50%) of the aggregate Consolidated Net Income, if positive, for the period beginning January 1, 2005 and ending on the last day of such fiscal quarter.

  • Net Worth The term “net worth” means the excess of total assets over total liabilities (including personal and real property, but excluding the estimated fair market value of a person’s primary home).

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Consolidated Tangible Net Worth (i) The net worth of Seller and its consolidated subsidiaries, on a combined basis, determined in accordance with GAAP, minus (ii) all intangibles determined in accordance with GAAP (including goodwill, capitalized financing costs and capitalized administration costs but excluding originated and purchased mortgage servicing rights or retained residual securities) and any and all advances to, investments in and receivables held from affiliates; provided, however, that the non-cash effect (gain or loss) of any xxxx-to-market adjustments made directly to stockholders’ equity for fluctuation of the value of financial instruments as mandated under the Statement of Financial Accounting Standards No. 133 (or any successor statement) shall be excluded from the calculation of Consolidated Tangible Net Worth.

  • Minimum Consolidated Net Worth Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$11,250,000,000 (“Minimum Amount”).

  • Tangible Net Worth The Seller will not permit its tangible net worth, at any time, to be less than $10,000,000.

  • Minimum Adjusted Tangible Net Worth Seller shall not permit the Adjusted Tangible Net Worth of Seller (and, if applicable, its Subsidiaries, on a consolidated basis), computed as of the end of each calendar month, to be less than Fifty-Seven Million Dollars ($57,000,000).

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) 203,170,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Minimum Net Worth The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!