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. 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
(a) $56,000,000, plus
(b) the sum of the Fiscal Year Net Worth Increase Amounts for all fiscal years of the Company the last day of which occurred during the period beginning January 1, 2003 and ending at such time.
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. 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. 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. (i) 50% of Consolidated Net Income for the period commencing January 1, 1997 and ending on the last day of the most recent fiscal quarter ended at least 60 days prior to the date of determination (excluding any net losses during any fiscal quarter period within such measurement period); and
(ii) 100% of the cash proceeds (net of underwriting commissions, legal, accounting and other usual professional fees and taxes) of any sale or issuance of equity Securities of the Borrower or any of its Subsidiaries (or of any options, warrants or rights in respect of any such equity Securities) or the sale or issuance of any Subordinated Indebtedness, in each case which issuance or sale takes place after the date of this Agreement.
Consolidated Adjusted Tangible Net Worth. Borrower and Guarantors shall maintain at all times within each of the following periods, a Consolidated Adjustable Tangible Net Worth (as defined in the Senior Loan Agreement) of not less than the amount shown below for the period corresponding thereto: Period Amount ------ ------ June 30, 1996 through and ($1,200,000) including September 29, 1996 September 30, 1996 through and ($300,000) including December 30, 1996 December 31, 1996 through and $0 including March 30, 1997 March 31, 1997 through and $100,000 including June 29, 1997 June 30, 1997 through and $1,100,000 including September 29, 1997 September 30, 1997 through and $2,000,000 including December 30, 1997 December 31, 1997 through and $2,300,000 including March 30, 1998 March 31, 1998 through and $2,400,000 including June 29, 1998 June 30, 1998 through and $3,400,000 including September 29, 1998 September 30, 1998 through and $4,300,000 including December 30, 1998 December 31, 1998 through and $4,600,000 including March 30, 1999 March 31, 1999 through and $4,700,000 including each fiscal quarter thereafter
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. Client and its Subsidiaries shall maintain at all times a Consolidated Adjusted Tangible Net Worth of not less than the amount shown below for the period corresponding thereto: Consolidated Adjusted Period Tangible Net Worth ------ --------------------- SEE ATTACHED EXHIBIT
