Consolidated Minimum Book Net Worth Sample Clauses

Consolidated Minimum Book Net Worth. Section 6.2(a) is amended to read in its entirety as follows: (a) Consolidated Minimum Book Net Worth. Ramtron on a consolidated basis will maintain, as of each date described below, their Book Net Worth (excluding the effects of any non-cash charges resulting from the amendment of its debenture agreements, including changes in the debt payment schedule and a reduction in the strike price of warrants held by Infineon Technologies AG, Xxxxxxxx Capital Corp., and Halifax Fund, L.P.) at an amount not less than the amount set forth opposite such date: Date Minimum Book Net Worth ---------------------- ---------------------- May 31, 2004 $11,800,000 June 30, 2004 $12,000,000 July 31, 2004 $12,000,000 August 31, 2004 $12,300,000 September 30, 2004 $12,500,000 October 31, 2004 $12,700,000 November 30, 2004 $12,900,000 December 31, 2004 and the last day of each month thereafter $13,000,000"
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Consolidated Minimum Book Net Worth. Pursuant to Section 6.2(a) of the Credit Agreement, as of the Reporting Date, Ramtron's consolidated Book Net Worth was $XXXXXXX which ( ) satisfies ( ) does not satisfy the requirement that such amount be not less than $XXXXXXXX on the Reporting Date as set forth in table below: Date Minimum Book Net Worth ---- ---------------------- December 31, 2002 $19,500,000 January 31, 2003 $18,800,000 February 28, 2003 $18,300,000 March 31, 2003 $18,300,000 April 30, 2003 $17,600,000 May 31, 2003 $17,400,000 June 30, 2003 $17,950,000 July 31, 2003 $17,500,000 August 31, 2003 $18,000,000 September 30, 2003 $19,050,000 October 31, 2003 $19,400,000 November 30, 2003 $20,200,000 December 31, 2003 and the last day of each month thereafter $21,100,000

Related to Consolidated Minimum Book Net Worth

  • 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.

  • 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).”

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • 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.

  • 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.

  • Current Ratio The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Consolidated Net Income The consolidated net income of the Borrowers after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP.

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