Consolidated Adjusted Tangible Net Worth. The Company will not at any time permit Consolidated Adjusted Tangible Net Worth, determined as of the end of the fiscal quarter of the Company then most recently ended, to be less than the sum of
Consolidated Adjusted Tangible Net Worth. Consolidated Adjusted Tangible Net Worth of UDRT will not at any time be less than the sum of (i) $1,500,000,000 plus (ii) 90% of the net proceeds (after customary underwriting discounts and commissions and reasonable offering expenses) from Equity Transactions occurring after December 31, 1999.
Consolidated Adjusted Tangible Net Worth. Section 15.05 of the Master Agreement is hereby deleted in its entirety and replaced with the following:
Consolidated Adjusted Tangible Net Worth. Consolidated Adjusted Tangible Net Worth will not at any time be less than $1,200,000,000.”
Consolidated Adjusted Tangible Net Worth. At any date, the aggregate of (i) consolidated shareholders’ equity and (ii) without duplication, an amount equal to 50% of any deferred federal income taxes as reflected on a consolidated balance sheet of Ryder and its Consolidated Subsidiaries prepared in accordance with GAAP, less the sum of:
Consolidated Adjusted Tangible Net Worth. Consolidated Adjusted Tangible Net Worth will not at any time be less than the sum of (i) $950,000,000 plus (ii) 100% of the net proceeds (after customary underwriting discounts and commissions and reasonable offering expenses) from Equity Transactions occurring after March 31, 1997.
Consolidated Adjusted Tangible Net Worth. Permit Consolidated Adjusted Tangible Net Worth as of the end of any fiscal quarter of Borrower (commencing on June 30, 2000) to be less than the sum of (a) $35,000,000, and (b) based on, and as of the effective date of delivery of, the annual audited financial statements delivered pursuant to Section 7.01(a), (i) an amount equal to 70% of the amount that is 60% of the Consolidated Net Income before taxes earned in the first fiscal year ending after December 31, 1999, (ii) an amount equal to 50% of the amount that is 60% of the Consolidated Net Income before taxes earned in the second fiscal year ending after December 31, 1999, and (iii) an amount equal to 30% of the amount that is 60% of the Consolidated Net Income before taxes earned in the third fiscal year ending after December 31, 1999 (with no deduction in any such year for a net loss in any such fiscal year).
Consolidated Adjusted Tangible Net Worth. Section 6.1(b) of the Note Purchase Agreement is hereby deleted in its entirety.
Consolidated Adjusted Tangible Net Worth. As of any date, the Consolidated Adjusted Tangible Net Worth of Borrower shall not be less than $10,000,000.00.
Consolidated Adjusted Tangible Net Worth. The Consolidated Adjusted Tangible Net Worth of the Loan Parties shall be not less than the amount shown below as of the date and for the period set forth below: Consolidated Adjusted Date or Period Tangible Net Worth Fiscal year ended December 31, 1995 $ 3,750,000 Fiscal quarter ended March 31, 1996 $ 100,000 Fiscal quarter ended June 30, 1996 $ 5,100,000 Fiscal quarter ended September 30, 1996 $ 8,650,000 Fiscal year ended December 31, 1996 $10,500,000 Fiscal quarter ended March 31, 1997 $ 7,100,000 Fiscal quarter ended June 30, 1997 $12,600,000 Fiscal quarter ended September 30, 1997 $16,500,000 Fiscal year ended December 31, 1997 $18,100,000 and at all times thereafter
