Common use of Maintenance of Tangible Net Worth Clause in Contracts

Maintenance of Tangible Net Worth. The Tangible Net Worth of the Guarantor, on a consolidated basis and on any given day, shall be equal to or greater than $34,000,000;

Maintenance of Tangible Net Worth. The Tangible Net Worth of the Guarantor, on a consolidated basis and on any given day, shall be equal to or greater than the sum of (i) $34,000,000110,000,000 plus (ii) an amount equal to 50% of the aggregate positive quarterly Net Income (without deduction for quarterly losses) commencing with Net Income for the quarter ending in October, 2003;

Maintenance of Tangible Net Worth. The Tangible Net Worth (plus the principal amount of any subordinated debt) of the Guarantor, on a consolidated basis and on any given day, shall be equal to or greater than $34,000,000;12,000,000, or such greater amount provided in any other guaranty, loan agreement, indenture or other material agreement entered into by the Guarantor and the Lender.

Maintenance of Tangible Net Worth. The Tangible Net Worth of the Guarantor, on a consolidated basis and on any given day, shall be equal to or greater than $34,000,000, or such greater amount provided in any other guaranty, loan agreement, indenture or other material agreement entered into by the Guarantor;

Maintenance of Tangible Net Worth. The Tangible Net Worth of the Guarantor, on a consolidated basis and on any given day, shall be equal to or greater than the sum of (i) $34,000,00010,000,000 plus (ii) an amount equal to 50% of the aggregate positive quarterly Net Income (without deduction for quarterly losses) commencing with Net Income for the quarter beginning in April, 2005;"

Maintenance of Tangible Net Worth. The Tangible Net Worth of the Guarantor, on a consolidated basis and on any given day, shall be equal to or greater than $34,000,000;60,000,000."

Maintenance of Tangible Net Worth. The Tangible Net Worth of the Guarantor, on a consolidated basis and on any given day, shall be equal to or greater than $34,000,00060,000,000; and not less than 80% of the Tangible Net Worth of the Guarantor, on a consolidated basis, as at the end of each fiscal quarter;

Maintenance of Tangible Net Worth. The Tangible Net Worth of the Guarantor, on a consolidated basis and on any given day, shall be equal to or greater than $34,000,00095,000,000; and not less than 80% of the Tangible Net Worth of the Guarantor, on a consolidated basis, as at the end of each fiscal quarter;

Maintenance of Tangible Net Worth. The Tangible Net Worth of the Guarantor, on a consolidated basis and on any given day, shall be equal not less than (A) $37,000,000 prior to or greater than January 1, 2002, and (B) $34,000,000, thereafter;"