Consolidated Total Net Worth Sample Clauses

Consolidated Total Net Worth. The Borrower will maintain, at all times, Consolidated Total Net Worth in an amount equal to at least:
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Consolidated Total Net Worth. The Borrowers shall not at any time permit their Consolidated Total Net Worth to be less than that amount which is equal to the aggregate of (i) (x) $70,000,000.00 minus (y) payments made in consideration of any stock repurchase or redemption permitted pursuant to Section 5-18 hereof, plus (ii) an amount equal to fifty percent (50%) of the Borrowers' Consolidated Net Income for each fiscal quarter on a cumulative basis with no reduction for loss, plus (iii) an amount equal to seventy-five percent (75%) of the Net Proceeds from (a) any Equity Issuance after the date hereof and/or (b) the incurrence by the Borrowers of any Subordinated Debt after the date hereof, on a cumulative basis, to be tested as of the end of each fiscal quarter of the Lead Borrower, commencing with the fiscal quarter ending as of September 30, 2006.
Sample 1
Consolidated Total Net Worth. The Borrowers shall not at any time during the term of the Revolving Credit permit their Consolidated Total Net Worth to be less than that amount which is equal to the aggregate of (i) $39,000,000.00, plus (ii) an amount equal to fifty percent (50%) of the Borrowers' Consolidated Net Income for each fiscal quarter on a cumulative basis with no reduction for loss, plus (iii) an amount equal to seventy-five percent (75%) of the Net Proceeds from (a) any Equity Issuance after the date hereof and/or (b) the incurrence of any subordinated debt by the Borrower after the date hereof, on a cumulative basis, to be tested as of the end of each fiscal quarter of the Lead Borrower.
Sample 1
Consolidated Total Net Worth. The Borrower will maintain, at all times, a Consolidated Net Worth in an amount equal to at least $185,000,000.
Sample 1
Consolidated Total Net Worth. The Borrower will maintain, at all times, a Consolidated Net Worth in an amount equal to at least $8,000,000. For purposes of this Section 9.1, Consolidated Net Worth may be calculated without reference to the amount of a one time write down of good will of up to $185,000,000 associated with acquisitions prior to the effective date of the Twelfth Amendment.
Sample 1

Related to Consolidated Total Net Worth

  • Consolidated Net Worth Borrower will at the end of each fiscal quarter maintain Consolidated Net Worth in an amount of not less than the sum of (i) $625,000,000 plus (ii) fifty percent (50%) of the aggregate Consolidated Net Income, if positive, for the period beginning January 1, 2005 and ending on the last day of such fiscal quarter.

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • 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.

  • Consolidated Total Assets All assets of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP.

  • Consolidated Tangible Net Worth (i) 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.

  • Consolidated Total Liabilities All liabilities of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles.

  • 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 Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Minimum Consolidated Net Worth Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$11,250,000,000 (“Minimum Amount”).

  • 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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