Consolidated Shareholders' Equity. Permit the Consolidated Shareholders’ Equity as at the last day of any fiscal quarter of the Borrower to be less than $2,000,000,000.
Consolidated Shareholders' Equity. Consolidated Shareholders' Equity will at no time be less than the sum of (i) $70,000,000 plus (ii) an amount equal to 25% of Consolidated Net Income for each fiscal year of the Borrower ending after May 1, 1996 and on or prior to the date of determination, in each case, for which Consolidated Net Income is positive (but with no deduction on account of negative Consolidated Net Income for any fiscal year of the Borrower).
Consolidated Shareholders' Equity. Maintain on a consolidated basis determined as of each fiscal quarter-end during the Term hereof, Consolidated Shareholders' Equity of at least the sum of (x) $185,000,000.00, plus (y) fifty percent (50%) of the after tax net income for each fiscal quarter of Borrower in which net income is earned (but zero percent (0%) of any after tax net loss for any fiscal quarter of Borrower in which a net loss is incurred) as shown on Borrower's financial statements delivered pursuant to Section 7.1(a)(i) and (ii), commencing with the addition of any net income for the fiscal quarter ending March 31, 1998, with such required increases to be cumulative for each fiscal quarter thereafter during the Term hereof, plus (z) one hundred percent (100%) of the net proceeds received by Borrower or any of its consolidated Subsidiaries from capital stock issued by Borrower or such Subsidiary subsequent to December 31, 1997, including without limitation, the value received in exchange for capital stock in an Acceptable Acquisition accounted for using the
Consolidated Shareholders' Equity. $________
Consolidated Shareholders' Equity. Permit Consolidated Shareholders' Equity to be less than $80,000,000 through the end of the Fiscal Year ended March 31, 1996 and thereafter at all times, the sum of (A) the amount of Consolidated Shareholders' Equity required to be maintained pursuant to this Section 7.3 as at the end of the immediately preceding Fiscal Year, plus (B) 50% of Net Income (with no reduction for net losses during any period) for the Fiscal Year of the Borrower ending on such day, plus (C) 100% of the aggregate amount of all increases in the stated capital and additional paid-in capital accounts of the Borrower resulting from the issuance of equity securities, conversion of any debt instruments into equity or other capital investments, less the effect of the Permitted Stock Repurchases subsequent to April 2, 1995.
Consolidated Shareholders' Equity. Permit Consolidated Shareholders' Equity to be less than (i) the difference of $80,000,000 less the effect of Permitted Stock Repurchases made subsequent to April 2, 1995 through the end of the Fiscal Year ended March 31, 1996 and (ii) thereafter at all times, the sum of (A) the amount of Consolidated Shareholders' Equity required to be maintained pursuant to this Section 7.3 as at the end of the immediately preceding Fiscal Year, plus (B) 50% of Net Income (with no reduction for net losses during any period) for the Fiscal Year of the Borrower ending on such day, plus (C) 100% of the aggregate amount of all increases in the stated capital and additional paid-in capital accounts of the Borrower resulting from the issuance of equity securities, conversion of any debt instruments into equity or other capital investments.
Consolidated Shareholders' Equity. Permit Consolidated Shareholders' Equity to be less than (i) $22,000,000 at the Closing Date, and (ii) as at the last day of each fiscal quarter of the Guarantor and until (but excluding) the last day of the next following fiscal quarter of the Guarantor, the sum of (A) the amount of Consolidated Shareholders' Equity required to be maintained pursuant to this Section 5.01 as at the end of the immediately preceding fiscal quarter, plus (B) 50% of positive Consolidated Net Income during the immediately preceding fiscal quarter of the Guarantor ending on such day (including in Consolidated Net Income for purposes of this Section 5.01 only any net gain or credit of an extraordinary nature) plus (C) 80% of the net proceeds (less (only in connection with the consummation of the Guarantor's offering of Qualified Equity Securities) an amount equal to the lesser of (i) the amount required to redeem the 9% Preferred Stock, reduced by the net proceeds to the Guarantor from the exercise of Warrant A dated December 17, 1991 or Warrant B dated December 17, 1991, as applicable, and (ii) $17,000,000) of each sale of equity interest (or securities other than those constituting Indebtedness exchangeable, convertible or exercisable into equity interests) in the Guarantor or any Subsidiary.
Consolidated Shareholders' Equity. The Borrower shall not permit the Consolidated Shareholders' Equity to be less than (i) $425,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any of its Subsidiaries at any time subsequent to the date hereof (excluding the Net Proceeds of any Equity Issuance by a Subsidiary to Subsidiaries or to the Borrower).
Consolidated Shareholders' Equity. The Borrower will not permit Consolidated Shareholders' Equity to be less than the sum of $60,000,000 plus 50% of the net income (if positive) of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP for each fiscal quarter ending after the date hereof, measured on the date thereafter on which financial statements for such fiscal quarter are delivered to the Lender.
Consolidated Shareholders' Equity. Permit Consolidated Shareholders' Equity to be less than (i) $10,000,000 at March 24, 1997 and (ii) as at the last day of each fiscal quarter of the Borrower and until (but excluding) the last day of the next following fiscal quarter of the Borrower, the sum of (A) the amount of Consolidated Shareholders' Equity required to be maintained pursuant to this Section 5.01 as at the end of the immediately preceding fiscal quarter, plus (B) 50% of positive Consolidated Net Income during the immediately preceding fiscal quarter of the Borrower ending on such day (including in Consolidated Net Income for purposes of this Section 5.0l only any net gain or credit of an extraordinary nature)."
