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)
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).
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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 (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 FQ2 2003.
(1, 1997).) Amendment to Subsection 10.4;
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Bush Industries Inc)
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)
