Common use of Minimum Adjusted Tangible Net Worth Clause in Contracts

Minimum Adjusted Tangible Net Worth. The Borrower shall not permit its Adjusted Tangible Net Worth, calculated on a consolidated basis as of the last day of each month, to be less than (a) $90,000,000 prior to and including December 30, 1997; and (b) $120,000,000 thereafter."

Minimum Adjusted Tangible Net Worth. The Borrower shall ----------------------------------- not permit its Adjusted Tangible Net Worth, calculated on a consolidated basis as of the last day of each month, to be less than than: (a) $90,000,000 8,000,000 prior to December 1, 1995, to and including December 30November 31, 19971996; and (bc) $120,000,000 22,500,000 for the period beginning on December 1, 1996, and at all times thereafter."

Minimum Adjusted Tangible Net Worth. The Borrower shall not permit its ----------------------------------- Adjusted Tangible Net Worth, calculated on a consolidated basis as of the last day of each month, to be less than than: (a) $90,000,000 prior to and including 8,000,000 on December 3031, 1997; and 1994, (b) $120,000,000 8,000,000 during the period January 1, 1995 through December 30, 1995, (c) $15,000,000 on December 31, 1995, and (d) $15,000,000 for the period beginning January 1, 1995, and at all times thereafter."

Minimum Adjusted Tangible Net Worth. The Borrower shall ----------------------------------- not permit its Adjusted Tangible Net Worth, calculated on a consolidated basis as of the last day of each month, to be less than than: (a) $90,000,000 prior to and including 8,000,000 on December 3031, 1997; and 1994, (b) $120,000,000 8,000,000 during the period January 1, 1995, through December 30, 1995, (c) $15,000,000 on December 31, 1995, and (d) $15,000,000 for the period beginning January 1, 1996, and at all times thereafter."