Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31, 2001 plus 50% of Consolidated Net Income for each full fiscal quarter after March 31, 2001 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 7 contracts
Samples: 364 Day Credit Agreement (Humana Inc), RFC Loan Agreement (Humana Inc), Loan Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75an amount equal to the sum of $750,000,000 plus 40% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31, 2001 plus 50% of cumulative Consolidated Net Income for each full the fiscal quarter after March 31commencing April 1, 2001 1995 and for each fiscal quarter thereafter (without any deduction subtraction for any such fiscal quarter in during which such Consolidated Net Income is a negative number).
Appears in 3 contracts
Samples: 364 Day Credit Agreement (Arrow Electronics Inc), 364 Day Credit Agreement (Arrow Electronics Inc), Credit Agreement (Arrow Electronics Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31, 2001 2004 plus 50% of Consolidated Net Income for each full fiscal quarter after March 31, 2001 2004 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 2 contracts
Samples: Credit Agreement (Humana Inc), Credit Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75an amount equal to the sum of 85.0% of its Consolidated Net Worth as of the Company and its consolidated subsidiaries as at March December 31, 2001 2000 plus 50% of cumulative Consolidated Net Income for each full the fiscal quarter after March 31commencing January 1, 2001 and for each fiscal quarter thereafter (without any deduction subtraction for any such fiscal quarter in during which such Consolidated Net Income is a negative number).
Appears in 2 contracts
Samples: Credit Agreement (Arrow Electronics Inc), 364 Day Credit Agreement (Arrow Electronics Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31, 2001 1997 plus 50% of Consolidated Net Income for each full fiscal quarter after March 31, 2001 1997 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31, 2001 2013 plus 50% of Consolidated Net Income for each full fiscal quarter after March 31, 2001 2013 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 7580% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31September 30, 2001 1993 plus 5075% of the Company's Consolidated Net Income determined on an after-extraordinary items basis for each full fiscal quarter after March 31, 2001 the Closing Date (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31September 30, 2001 2010 plus 50% of Consolidated Net Income for each full fiscal quarter after March 31September, 2001 2010 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March December 31, 2001 2016 plus 50% of Consolidated Net Income for each full fiscal quarter after March December 31, 2001 2016 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31September 30, 2001 2011 plus 50% of Consolidated Net Income for each full fiscal quarter after March 31September, 2001 2011 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 7580% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31September 30, 2001 1994 plus 50% of the Company's Consolidated Net Income determined on an after-extraordinary items basis for each full fiscal quarter after March 31September 30, 2001 1994 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at any time on or after March 31, 2001 1997 to be less than 85% of Initial Consolidated Net Worth, or, if negative, 115% thereof plus 50% of Consolidated Net Income of the Company, for each full complete fiscal quarter after March 31, 2001 of the Company (without any deduction to the extent that Consolidated Net Income for any such fiscal quarter in which such Consolidated Net Income is a negative number)positive) commencing with the fiscal quarter ending June 30, 1997.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Young & Rubicam Inc)
Maintenance of Net Worth. Permit Consolidated Net Worth at any time to be less than 75% of its Consolidated Net Worth of the Company and its consolidated subsidiaries as at March 31, 2001 2006 plus 50% of Consolidated Net Income for each full fiscal quarter after March 31, 2001 2006 (without any deduction for any such fiscal quarter in which such Consolidated Net Income is a negative number).
Appears in 1 contract
Samples: Credit Agreement (Humana Inc)