Common use of Maintenance of Net Worth Clause in Contracts

Maintenance of Net Worth. Permit Consolidated Net Worth of the Borrower at any time to be less than the sum of (i) $525,000,000 plus (ii) an amount equal to 50% of the sum of Consolidated Net Income (if positive) of the Borrower for each fiscal quarter commencing with and including the first fiscal quarter of 2004.

Appears in 1 contract

Samples: Credit Agreement (Mastercard Inc)

AutoNDA by SimpleDocs

Maintenance of Net Worth. Permit Consolidated Net Worth of the Borrower at any time to be less than the sum of (i) $525,000,000 273,216,000 plus (ii) an amount equal to 50% of the sum of Consolidated Net Income (if positive) of the Borrower for each fiscal quarter commencing with and including the first fiscal quarter of 2004ending after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (Mastercard Inc)

Maintenance of Net Worth. Permit Consolidated The Borrower shall maintain at all times a Net Worth of the Borrower at any time to be not less than an amount equal to the sum of (i) $525,000,000 305,000,000 plus (ii) an amount equal to 50% of the sum of Consolidated Net Income (if positiveto the extent such amount is a positive number) of the Borrower for each fiscal quarter commencing with and including the first fiscal quarter of 2004Fiscal Quarter ending after June 30, 2002.

Appears in 1 contract

Samples: Letter of Credit Agreement (FMC Corp)

Maintenance of Net Worth. Permit Consolidated Net Worth of the Borrower at any time to be less than the sum of (i) $525,000,000 475,000,000 plus (ii) an amount equal to 50% of the sum of Consolidated Net Income (if positive) of the Borrower for each fiscal quarter commencing with and including the first fiscal quarter of 2004ending after March 31, 2003.

Appears in 1 contract

Samples: Credit Agreement (Mastercard Inc)

AutoNDA by SimpleDocs

Maintenance of Net Worth. Permit Consolidated Net Worth as of the last day of any fiscal quarter of the Borrower at any time to be less than the sum of (i) $525,000,000 plus 300,000,000 and (ii) an amount equal to 50the aggregate of 80% of the sum of Consolidated Net Income (if positive) of the Borrower for each fiscal quarter commencing with and including the first fiscal quarter of 2004.of

Appears in 1 contract

Samples: Credit Agreement (Imperial Holly Corp)

Maintenance of Net Worth. Permit the Consolidated Net Worth of the Borrower at any time Quarterly Date to be less than the sum of (i) $525,000,000 [ ] plus (ii) an amount equal to 50% of the sum of 85% of Consolidated Net Income (if positive) of for all periods from the Borrower for each fiscal quarter commencing with and including the first fiscal quarter of 2004Document Closing Date through such Quarterly Date.

Appears in 1 contract

Samples: Loan Agreement (Wynn Las Vegas LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!