Common use of Minimum Book Net Worth Clause in Contracts

Minimum Book Net Worth. The Borrower will maintain, as of each date described below, its Book Net Worth at an amount not less than the amount set forth opposite such date: Date Minimum Book Net Worth ---- ---------------------- November 30, 2000 $703,000 February 28, 2001 $633,000 May 31, 2001 $838,000 August 31, 2001 $833,000 November 30, 2001 and the last day of each quarter thereafter $768,000"

Appears in 1 contract

Samples: Credit and Security Agreement (Naco Industries Inc)

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Minimum Book Net Worth. The Borrower will maintain, as of each date described below, its Book Net Worth at an amount not less than the amount set forth opposite such dateperiod: Date Period Minimum Book Net Worth ---- ------ ---------------------- February 28, 1999 $649,000 May 31, 1999 $878,000 August 31, 1999 $1,061,000 November 30, 2000 $703,000 February 28, 2001 $633,000 May 31, 2001 $838,000 August 31, 2001 $833,000 November 30, 2001 1999 and on the last day of each quarter thereafter $768,000"1,281,000

Appears in 1 contract

Samples: Intercreditor Agreement (Naco Industries Inc)

Minimum Book Net Worth. The Borrower will maintain, as of each date described set forth below, its Book Net Worth at an amount not less than the 8878\85\930580.3 -2- amount set forth opposite such date: date (numbers appearing between parentheses are negative): Date Minimum Book Net Worth ---- ---------------------- November September 30, 2000 2005 ($703,000 February 28, 2001 $633,000 May 17,403,000) December 31, 2001 $838,000 August 31, 2001 $833,000 November 30, 2001 2005 and the last day of each quarter thereafter ($768,000"17,601,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Exabyte Corp /De/)

Minimum Book Net Worth. The Borrower will maintain, as of each date described set forth below, its Book Net Worth at an amount not less than the amount set forth opposite such date: date (numbers appearing between parentheses are negative): Date Minimum Book Net Worth ---- ---------------------- November March 31, 2005 ($13,447,000) June 30, 2000 2005 ($703,000 February 2813,526,000) September 30, 2001 2005 ($633,000 May 11,857,000) December 31, 2001 $838,000 August 31, 2001 $833,000 November 30, 2001 2005 and the last day of each quarter thereafter ($768,000"9,146,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Exabyte Corp /De/)

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Minimum Book Net Worth. The Borrower Borrowers will maintain, as of each date described belowbelow during the term hereof, its Book Net Worth at an amount not less than the amount set forth below opposite such date: Date Minimum Book Net Worth ---- ---------------------- November 30, 2000 $703,000 February 28, 2001 $633,000 May December 31, 2001 2009 $838,000 August 38,750,000 December 31, 2001 2010, and each December 31 thereafter Book Net Worth as of prior December 31 plus $833,000 November 30, 2001 and the last day of each quarter thereafter $768,000"1,000,000

Appears in 1 contract

Samples: Credit and Security Agreement (Miscor Group, Ltd.)

Minimum Book Net Worth. The Borrower will maintain, as of each date described belowbelow during the term hereof, its Book Net Worth at an amount not less than the amount set forth below opposite such date: Date Minimum Book Net Worth ---- ---------------------- November 30, 2000 $703,000 February 28, 2001 $633,000 May December 31, 2001 2007 Book Net Worth as of prior December 31 minus $838,000 August 2,300,000 December 31, 2001 2008, and each December 31 thereafter Book Net Worth as of prior December 31 plus $833,000 November 30, 2001 and the last day of each quarter thereafter $768,000"1,000,000

Appears in 1 contract

Samples: Credit and Security Agreement   by And (Miscor Group, Ltd.)

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