Company Financial Conditions. (a) The Company's net worth (i) as of the end of its most recent fiscal year was not less than $3.7 million, and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Section 5.9(a), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.9.
Company Financial Conditions. (a) The Company's consolidated tangible net worth, (i) as of the end of its most recent fiscal year was not less than $430,000, and (ii) as of the Closing, after giving effect to the Guaranteed Payment but prior to giving effect to the Stock Distribution, will not be less than the Net Worth Target.
Company Financial Conditions. (a) The Company's net worth as of the Closing will not be less than the Net Worth Target.
Company Financial Conditions. (a) The Company's net worth, after giving effect to the Permitted Distribution, as of December 31, 1997 was not less than $930,000.
Company Financial Conditions. (i) The Company Consolidated Tangible Book Equity shall be greater than or equal to $193,000,000, (ii) the aggregate value of the assets reflected on the Unaudited Company Balance Sheet shall be less than or equal to four and one-half times the Company’s Consolidated Tangible Book Equity and (iii) the aggregate value of the assets reflected on the Unaudited Company Balance Sheet shall be less than or equal to $920,000,000, in each case calculated as of the Business Day immediately prior to the Closing. Parent shall have received a certificate of the chief executive officer and the chief financial officer of the Company to such effect.
Company Financial Conditions. (a) The Company's net worth as of the end of its most recent fiscal year was not less than U.S. $1,385,000.
Company Financial Conditions. (a) The Net Worth (deficit) of the Company as of December 31, 1997 is not less than the Net Worth Target.
Company Financial Conditions. The Companies' earnings before taxes for the eight-month period ended August 31, 1998 were not less than $450,000.
Company Financial Conditions. (1) The Company's net worth (i) as of the end of its fiscal year ending December 31, 1997 was not less than $3,181,528, and (ii) as of the Closing will not be less than the Net Worth Target; provided however, if the Company's net worth at Closing is less than the Net Worth Target, and the Closing occurs, then the Buyer's sole remedy for violation of this clause (ii) shall be to recover the Purchase Price Reduction pursuant to Section 1.3 hereof.
Company Financial Conditions. The Company's earnings before taxes for the five-month period ended May 31, 1998 were in excess of $225,000.
