Minimum Adjusted Tangible Net Worth. Sellers shall not permit the Adjusted Tangible Net Worth of all Sellers (and, if applicable, their Subsidiaries, on a consolidated basis), computed as of the end of each calendar month to be less than $10,000,000.
Minimum Adjusted Tangible Net Worth. [Borrower][Guarantor] has at the end of each calendar month complied with the minimum Adjusted Tangible Net Worth covenant pursuant to Section 5.1(a)(ii) of the Agreement during the fiscal [quarter][month] ending on the Certification Date. The information provided below is true, complete and accurate as of the Certification Date:
(A) Total Assets: $[__].[__]
(B) Adjusted Tangible Net Worth: $[__].[__] --- (B) is at least equal to or greater than [$____________].
Minimum Adjusted Tangible Net Worth. (A) The Borrower and its Subsidiaries shall maintain, as of the last day of each calendar month ending after the Closing Date, Adjusted Tangible Net Worth not less than [***].
(B) The Guarantor shall maintain, as of the last day of each calendar month ending after the Closing Date, Adjusted Tangible Net Worth not less than [***].
Minimum Adjusted Tangible Net Worth. Permit Adjusted Tangible Net Worth of the Company (and its Subsidiaries, on a consolidated basis) to be less than THIRTY MILLION AND NO/100 DOLLARS ($30,000,000.00), computed as of the end of each calendar month.
Minimum Adjusted Tangible Net Worth. Seller shall not permit the Adjusted Tangible Net Worth of Seller (and, if applicable, its Subsidiaries, on a consolidated basis), computed as of the end of each calendar month, to be less than the amount specified in Annex 1.
Minimum Adjusted Tangible Net Worth. The Borrower will not permit its Adjusted Tangible Net Worth at any time during any fiscal year to be less than $8,000,000.
Minimum Adjusted Tangible Net Worth. Seller shall not permit the Adjusted Tangible Net Worth of all Sellers (and, if applicable, their Subsidiaries, on a consolidated basis), computed as of the end of each calendar month to be less than $75,000,000.
C. Section 11(w)(iii)(A) of the MRA is hereby amended to read as follows:
(A) maintain at all times unencumbered Liquidity in an amount greater than or equal to $20,000,000; A new Exhibit C in the form attached hereto as Exhibit C is hereby made part of the MRA in place of the Exhibit C currently attached to the MRA. A new Schedule IV in the form attached hereto as Schedule IV is hereby made part of the MRA in place of the Schedule IV currently attached to the MRA. As amended hereby, the MRA remains in full force and effect, and the Parties hereby ratify and confirm it. By:/s/ Xxxxxxx Johnson______ Name:Xxxxxxx Xxxxxxx Title:Senior Underwriter UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC,jointly and severally with theother Sellers By: /s/ Xxxxxx X. Greaton__ Name: Xxxxxx X. Xxxxxxx Title: Vice President UNIVERSAL AMERICAN MORTGAGE COMPANY OF CALIFORNIA,jointly and severally with theother Sellers By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Vice President SELLER: [NAME OF APPLICABLE SELLER] ADMINISTRATIVE AGENT: JPMORGAN CHASE BANK, N.A. a national banking association TODAY’S DATE: ____/____/____ REPORTING PERIOD ENDED: _____ month(s) ended ____/____/____ This certificate is delivered to Administrative Agent under the Master Repurchase Agreement dated effective as of November 21, 2013, between Sellers and Administrative Agent (the “Agreement”), all the defined terms of which have the same meanings when used herein. I hereby certify that with respect to Seller indicated above: (a) I am, and at all times mentioned herein have been, the duly elected, qualified, and acting Chief Financial Officer of Seller; (b) to the best of my knowledge, the Financial Statements of Seller from the period shown above (the “Reporting Period”) and which accompany this certificate were prepared in accordance with GAAP and present fairly the financial condition of Seller as of the end of the Reporting Period and the results of its operations for Reporting Period; (c) a review of the Agreement and of the activities of Seller during the Reporting Period has been made under my supervision with a view to determining Seller’s compliance with the covenants, requirements, terms, and conditions of the Agreement, and such review has not disclosed the existence during or at...
Minimum Adjusted Tangible Net Worth. (a) Permit the Parent’s Tangible Net Worth shall at any time to be less than the sum of: (A) Two Hundred Million Dollars ($200,000,000.00), plus (B) an amount equal to seventy-five percent (75%) of the Net Proceeds of any Equity Issuances by the Parent or any Subsidiary occurring after the Closing Date, to be tested on the last day of each Calendar Quarter, or (ii) permit the Parent or any applicable Subsidiary to otherwise not be in compliance with applicable net worth requirements of HUD, Xxxxxx Xxx and Xxxxxxx Mac.
Minimum Adjusted Tangible Net Worth. The Borrower shall ----------------------------------- never permit the Adjusted Tangible Net Worth of the Borrower and its Subsidiaries at any time to be less than $125,000,000.
Minimum Adjusted Tangible Net Worth. Permit the Adjusted Tangible Net Worth determined as of the end of any fiscal quarter of Borrower to be less than the sum of the following:
(a) an amount equal to $932,024,800; plus
(b) an amount equal to fifty (50%) of the Net Income earned after March 31, 2006; plus
(c) an amount equal to fifty (50%) of the aggregate proceeds of Equity Offerings (net of equity substituted from proceeds of new equity) after the Closing Date.
