Common use of Maintenance of Tangible Net Worth Clause in Contracts

Maintenance of Tangible Net Worth. (A) Seller shall maintain a Tangible Net Worth of not less than $40,000,000 and (B) Seller shall maintain a Tangible Net Worth at the end of any calendar quarter of not less than 80% of its Tangible Net Worth at the beginning of the preceding calendar quarter. For example, Seller shall maintain a Tangible Net Worth on June 30 of not less than 80% of its Tangible Net Worth on January 1st.

Maintenance of Tangible Net Worth. (A) The Seller shall maintain has maintained a Tangible Net Worth of not less than $40,000,000 and (B) 24,000,000. The Seller shall maintain has maintained a Tangible Net Worth at the end of any calendar quarter of not less than 80% of its Tangible Net Worth at the beginning of the second preceding calendar quarter. For example, Seller shall maintain a Tangible Net Worth on June 30 of not less than 80% of its Tangible Net Worth on January 1st.

Maintenance of Tangible Net Worth. (A) The Seller shall maintain a Tangible Net Worth of not less than $40,000,000 and (B) 22,000,000. The Seller shall maintain a Tangible Net Worth at the end of any two consecutive calendar quarter quarters of not less than 80% of its Tangible Net Worth at the beginning of the preceding related calendar quarter. For example, Seller shall maintain a Tangible Net Worth on June 30 of not less than 80% of its Tangible Net Worth on January 1stquarters.

Maintenance of Tangible Net Worth. (A) The Seller shall maintain a Tangible Net Worth of not less than $40,000,000 and (B) 24,000,000. The Seller shall maintain a Tangible Net Worth at the end of any calendar quarter of not less than 80% of its Tangible Net Worth at the beginning end of the second preceding calendar quarter. For example, Seller shall maintain a Tangible Net Worth on June 30 of not less than 80% of its Tangible Net Worth on January 1st.

Maintenance of Tangible Net Worth. (A) Seller shall maintain a Tangible Net Worth of not less than $40,000,000 2,000,000 on and after June 30, 2005; and (B) Seller shall maintain a Tangible Net Worth at the end of any calendar quarter of not less than 80% of its Tangible Net Worth at the beginning end of the second preceding calendar quarter. For example, Seller shall maintain a Tangible Net Worth on June 30 September 30th of not less than 80% of its Tangible Net Worth on January 1stMarch 31st.”