Combined Tangible Net Worth Sample Clauses

Combined Tangible Net Worth. The Combined Tangible Net Worth in respect of any Relevant Period shall not be less than US$75,000,000 plus an amount equal to 75 per cent. of the combined net income of the Group in respect of each complete financial year of the Company ending after the date of this Agreement.
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Combined Tangible Net Worth. The Borrowers will not permit the Combined Tangible Net Worth of the Borrowers and their Subsidiaries at any time to be less than the sum of (a) $23,600,144, plus (b) on a cumulative basis, 75% of positive Combined Net Income of the Borrowers and their Subsidiaries for each fiscal quarter beginning with the fiscal quarter ended May 2, 1997, plus (c) 100% of the proceeds of any sale by any Borrower of equity securities issued by Borrowers from and after February 2, 1997, less (d) the Permitted Distributions made from and after February 2, 1997, plus (e) any amortization of the contra account of the Borrowers, described on their combined balance sheet as the "intercompany account" which results in an increase to shareholder's equity.
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Combined Tangible Net Worth. The Company shall maintain a Combined Tangible Net Worth at all times of at least ONE BILLION EIGHTY MILLION AND NO/100 DOLLARS ($1,080,000,000.00) plus seventy-five percent (75%) of the net amount received by the Company from the sale of equity securities, the exercise of warrants and the conversion of debentures to equity after the Closing Date plus seventy-five percent (75%) of any increase in the Company's Combined Tangible Net Worth resulting from the Santa Xxxxx Merger.
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Combined Tangible Net Worth. At any date as of which the amount thereof shall be determined, the combined total assets of both Borrowers and their Subsidiaries, collectively, with inventory and cost of goods determined on a “first in, first out” basis, minus (a) Combined Total Liabilities, and minus (b) the sum of any amounts attributable to (i) the book value, net of applicable reserves, of all intangible assets of both Borrowers and their Subsidiaries, including, without limitation, goodwill, trademarks, copyrights, patents and any similar rights, and unamortized debt discount and expense, (ii) all reserves not already deducted from assets or included in Combined Total Liabilities, (iii) any write-up in the book value of assets resulting from any revaluation thereof subsequent to the date of the Initial Financial Statements, (iv) gain-on-sale accounting, (v) the value of any minority interests in Subsidiaries, (vi) intercompany accounts with Subsidiaries and Affiliates (including receivables due from Subsidiaries and Affiliates), (vii) the value, if any, attributable to any Capital Stock of either Borrower or any Subsidiary held in treasury, and (viii) the value, if any, attributable to any notes or subscriptions receivable due from equity holders in respect of Capital Stock.
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Combined Tangible Net Worth. The Company shall not permit, --------------------------- as of the last day of any fiscal quarter, Combined Tangible Net Worth to be less than an amount equal to $1,900,000,000, plus the sum of (a) 75% of ---- Combined Net Income (not reduced by Combined Net Loss for any period) earned in each fiscal quarterly accounting period commencing with the fiscal quarter ending September 3, 1998, and (b) 50% of the amount by which Combined Tangible Net Worth increases as a result of any secondary public or private offering of equity securities by the Company and its Semiconductor Operations Subsidiaries (not in connection with an Acquisition or employee stock option or purchase plans or the TI Acquisition) after the Closing Date.
Sample 1
Combined Tangible Net Worth. 1. Total net assets:/1/ $___________ 2. Net book value of intangible assets:/1/ $___________ 3. Line B.1 less Line B.2: $ ---- ===========
Sample 1
Combined Tangible Net Worth. The Borrower will not permit Combined Tangible Net Worth at any time to be less than the sum of $20,000,000, plus, on a cumulative basis, 40% of positive Combined Net Income (without deduction for any year in which there is a net loss) for each fiscal year subsequent to the fiscal year ended December 31, 1994.
Sample 1
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Combined Tangible Net Worth. 1. Total net assets:/1/ $__________ 2. Net book value of intangible assets:/1/ $__________ 3. Line B.1 less Line B.2: $ ========== 4. 75% of Combined Net Income (not reduced by Combined Net Loss) commencing with FQ ending 9/3/98: $__________
Sample 1

Related to Combined Tangible Net Worth

  • 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 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.

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

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $731,508,263 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 Consolidated Tangible Net Worth Borrower shall not permit Consolidated Tangible Net Worth to be less than $600,000,000 plus eighty-five percent (85%) of the Net Proceeds of any Equity Issuance received after the Agreement Execution Date.

  • Consolidated Net Worth The Company will not at any time permit Consolidated Net Worth to be less than the sum at such time of (a) US$4,500,000,000 and (b) commencing with the fiscal quarter beginning on January 1, 2007, 50% of the Company’s Consolidated Net Income for each fiscal quarter of the Company for which Consolidated Net Income is positive and for which financial statements shall have been delivered under Section 5.01(a) or (b).”

  • 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).

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Net Tangible Assets Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) remaining after the closing of the Purchaser Share Redemption.

  • Maintenance of Tangible Net Worth The Borrower shall maintain during each Fiscal Quarter a Tangible Net Worth of not less than the Minimum Tangible Net Worth.

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