Common use of Maintenance of Consolidated Net Worth Clause in Contracts

Maintenance of Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum (without duplication of any item) of (i) $100,000,000 and (ii) 50% of the Consolidated Net Income of Holdings, if positive, for each fiscal quarter (commencing with the fiscal quarter beginning on or about July 1, 1997).

Appears in 2 contracts

Samples: Credit Agreement (Commscope Inc), Credit Agreement (Commscope Inc)

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Maintenance of Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum (without duplication of any item) of (i) $100,000,000 600,000,000 and (ii) 50% of the Consolidated Net Income of Holdingsthe Company, if positive, for each fiscal quarter (commencing with the fiscal quarter beginning on or about July 1, 1997).

Appears in 1 contract

Samples: Credit Agreement (Nextlevel Systems Inc)

Maintenance of Consolidated Net Worth. Permit The Company will not, at any time, permit Consolidated Net Worth at any time to be less than the sum (without duplication of any item) of (ia) $100,000,000 and 35,000,000, plus (iib) an aggregate amount equal to 50% of (x) the Company’s Consolidated Net Income of Holdings(but, in each case, only if positive, a positive number) for each completed fiscal quarter (commencing year beginning with the fiscal quarter beginning on or about July 1year ending December 31, 1997)2004, less (y) any Tax Dividend paid by the Company during each such completed fiscal year.

Appears in 1 contract

Samples: Note Purchase Agreement (Calamos Asset Management, Inc. /DE/)

Maintenance of Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum (without duplication of any item) of (i) $100,000,000 and (ii) 120,000,000 plus 50% of the Consolidated Net Income of Holdings, if positive, for each fiscal quarter (for which Consolidated Net Income is a positive number commencing with the fiscal quarter beginning on or about July 1, 1997)FQ2 2003.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Bush Industries Inc)

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Maintenance of Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum (without duplication of any item) of (i) $100,000,000 and 122,000,000 plus (ii) 50% of the cumulative Consolidated Net Income of Holdingsthe Company and its Subsidiaries for all quarters ending after December 31, if 1995 in which Consolidated Net Income for such quarter was positive, for each fiscal quarter (commencing with the fiscal quarter beginning on or about July 1, 1997).

Appears in 1 contract

Samples: Revolving Credit Agreement (Avondale Industries Inc)

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