MAINTENANCE OF MINIMUM EQUITY Sample Clauses

MAINTENANCE OF MINIMUM EQUITY. 58 6.14 NONCOMPETE; USE OF CUSTOMER LISTS...............................58 6.15
Sample 1
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MAINTENANCE OF MINIMUM EQUITY. For a period of five years following the Closing Date or, if earlier, the date that PHI has made aggregate indemnity payments hereunder of at least $300,000,000, PHI or its successor shall maintain minimum consolidated stockholder's equity, as reflected in its regularly prepared balance sheets, of $600,000,000 and shall promptly notify Century if it breaches any material covenant in its principal debt facilities.
Sample 1
MAINTENANCE OF MINIMUM EQUITY. For a period of five years following the Closing Date, or if earlier, the date that Seller has made aggregate indemnity payments hereunder of at least $66,650,000, Seller or its successor shall maintain minimum consolidated stockholder's equity, as reflected on its regularly prepared balance sheets, of $100,000,000. Seller covenants and agrees that Seller will notify Buyer in advance of any transaction which would cause a breach of this provision.
Sample 1

Related to MAINTENANCE OF MINIMUM EQUITY

  • Maintenance of Liquidity Seller shall ensure that it has cash and Cash Equivalents (excluding Restricted Cash or cash pledged to Persons other than Buyer), in an amount not less than $40,000,000.

  • Maintenance of Net Worth The Parent shall at all times maintain an Adjusted Net Worth of not less than the Minimum Tangible Net Worth.

  • Maintenance of Goods Such Grantor will do all things necessary to maintain, preserve, protect and keep its Inventory and the Equipment in good repair and working and saleable condition, except for damaged or defective goods arising in the ordinary course of such Grantor’s business and except for ordinary wear and tear in respect of the Equipment.

  • Maintenance of Listing The Company will use commercially reasonable efforts to effect and maintain the listing of (x) the Units and Warrants on the NYSE (or another national securities exchange) until the consummation of the Business Combination or until such earlier time at which the Liquidation occurs, and (y) the Common Stock on the NYSE (or another national securities exchange) until five years from the date of the consummation of the Business Combination or until such earlier time at which Liquidation occurs.

  • MAINTENANCE OF CONDITIONS Conditions of employment in effect at the execution of this Agreement shall, except as improved herein, be maintained during the term of this Agreement.

  • Maintenance of Books The Company agrees to maintain, at its aforesaid office or agency, books for the registration and the registration of transfer of the Warrants.

  • Maintenance of Profitability Seller shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.

  • Maintenance of Rating Since the execution of this Agreement, there shall not have been any decrease in or withdrawal of the rating of any securities of the Company or any of its subsidiaries (including the Bank) by any “nationally recognized statistical rating organization” (as defined for purposes of Section 3(a)(62) of the 0000 Xxx) or any notice given of any intended or potential decrease in or withdrawal of any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.

  • Maintenance of Ratings At all times, Borrower shall use commercially reasonable efforts to maintain (x) a corporate family rating issued by Xxxxx’x and a corporate credit rating issued by S&P and (y) public ratings issued by Xxxxx’x and S&P with respect to its senior secured debt.

  • Maintenance of REIT Status In the case of the Parent Guarantor, at all times, conduct its affairs and the affairs of its Subsidiaries in a manner so as to continue to qualify as a REIT for U.S. federal income tax purposes.

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