Common use of Consolidated Adjusted Tangible Net Worth Clause in Contracts

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. 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, Worth at any time to be less than the sum ofof (i) $40,000,000.00 plus (ii) fifty percent (50%) of positive Consolidated Net Income for each fiscal quarter ending after April 1, 2000 (with no deductions for any quarter in which there is a net loss)."