Common use of Minimum Adjusted Consolidated Net Worth Clause in Contracts

Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the Company will not permit its Adjusted Consolidated Net Worth, calculated as of the end of each fiscal quarter, to be less than an amount equal to the sum of (i) $8,187,000,000 plus (ii) 50% of the aggregate amount of the Net Proceeds of Equity Issuances by the Company and its Subsidiaries after March 31, 2021.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Equitable Holdings, Inc.), Revolving Credit Agreement (Equitable Holdings, Inc.)

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Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the The Company will not at any time permit its Adjusted Consolidated Net Worth, calculated as of the end of each fiscal quarter, Worth to be less than an amount equal to the sum of (ia) $8,187,000,000 9,200,000,000 plus (iib) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances by of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20212010.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the The Company will not at any time permit its Adjusted Consolidated Net Worth, calculated as of the end of each fiscal quarter, Worth to be less than an amount equal to the sum of (ia) $8,187,000,000 10,477,500,000 plus (iib) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances by of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20212016.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the The Company will not permit its Adjusted Consolidated Net Worth, calculated as of the end last day of each fiscal quarter, to be less than an amount equal to the sum of (ia) $8,187,000,000 8,626,000,000 plus (iib) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances by of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31September 30, 20212023.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the The Company will not at any time permit its Adjusted Consolidated Net Worth, calculated as of the end of each fiscal quarter, Worth to be less than an amount equal to the sum of (ia) $8,187,000,000 10,000,000,000 plus (iib) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances by of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 2021.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the The Company will not permit its Adjusted Consolidated Net Worth, calculated as of the end last day of each fiscal quarter, to be less than an amount equal to the sum of (iA) $8,187,000,000 7,500,000,000 plus (iiB) fifty percent (50% %) of the aggregate amount of the Net Proceeds of Equity Issuances by the Company and its Subsidiaries after March the end of the fiscal quarter ended December 31, 2021.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brighthouse Financial, Inc.)

Minimum Adjusted Consolidated Net Worth. From and after the Availability Effective Date, the Company will not permit its Adjusted Consolidated Net Worth, calculated as of the end of each fiscal quarter, to be less than an amount equal to the sum of (i) $8,187,000,000 6,441,000,000 plus (ii) 50% of the aggregate amount of the Net Proceeds of Equity Issuances by the Company and its Subsidiaries after March December 31, 20212020.”

Appears in 1 contract

Samples: Revolving Credit Agreement (Equitable Holdings, Inc.)

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Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the The Company will not at any time permit its Adjusted Consolidated Net Worth, calculated as of the end of each fiscal quarter, Worth to be less than an amount equal to the sum of (ia) $8,187,000,000 9,369,000,000 plus (iib) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances by of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20212013.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the The Company will not at any time permit its Adjusted Consolidated Net Worth, calculated as of the end of each fiscal quarter, Worth to be less than an amount equal to the sum of (ia) $8,187,000,000 9,200,000,000 plus (iib) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances by of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20212011.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. From and after the Effective Date, the The Company will not at any time permit its Adjusted Consolidated Net Worth, calculated as of the end of each fiscal quarter, Worth to be less than an amount equal to the sum of (ia) $8,187,000,000 10,619,612,000 plus (iib) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances by of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20212019.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

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