Common use of Minimum Book Net Worth Clause in Contracts

Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth plus Subordinated Indebtedness, determined as at the end of each month, at an amount not less than the amount set forth in the table below opposite such period: Month Ending Minimum Book Net Worth plus Subordinated Indebtedness 9/30/06 $ 6,000,000 10/31/06 $ 6,000,000 11/30/06 $ 6,500,000 12/31/06 and each month thereafter $ 6,500,000

Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth plus Subordinated Indebtednesssubordinated debt, determined as at the end of each month, at an amount not less than the amount set forth in the table below opposite such period: Month Ending Period Minimum Book Net Worth plus Subordinated Indebtedness 9/30/06 $ 6,000,000 10/31/06 $ 6,000,000 11/30/06 $ 6,500,000 12/31/06 12/1/04 through 2/28/05 $2,400,000 3/1/05 through 5/31/05 $2,900,000 6/1/05 through 8/31/05 $3,400,000 9/1/05 through 11/30/05 $3,900,000 12/1/05 and each month thereafter $ 6,500,000$4,400,000

Minimum Book Net Worth. The Borrower Borrowers will maintain, during each period described below, its maintain at all times the sum of Netlist's Book Net Worth plus Subordinated Indebtedness, determined as at the end of each month, at an amount not less than the amount set forth in the table below opposite such periodthe applicable test date: Month Ending Test Date Minimum Book Net Worth plus Plus Subordinated Indebtedness 9/30/06 $ 6,000,000 10/31/06 $ 6,000,000 11/30/06 $ 6,500,000 12/31/06 12/31/03 and each month end thereafter $ 6,500,0005,583,000

Minimum Book Net Worth. The Borrower Borrowers will maintain, during each period described below, its maintain at all times the sum of Netlist's Book Net Worth plus Subordinated Indebtedness, determined as at the end of each month, at an amount not less than the amount set forth in the table below opposite such periodthe applicable test date: Month Ending Test Date Minimum Book Net Worth plus Plus Subordinated Indebtedness 9/30/06 Indebtedness(1) 10/31/05 $ 6,000,000 10/31/06 5,300,000 11/30/05 $ 6,000,000 11/30/06 5,250,000 12/31/05 $ 6,500,000 12/31/06 5,150,000 1/31/06 $ 5,100,000 2/28/06 and each month end thereafter $ 6,500,0005,100,000

Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth plus Subordinated IndebtednessWorth, determined as at the end of each month, at an amount not less than the amount set forth in the table below opposite such periodperiod below: Month Ending Date Minimum Book Net Worth plus Subordinated Indebtedness 9/30/06 $ 6,000,000 10/31/06 $ 6,000,000 11/30/06 $ 6,500,000 12/31/06 ---- ---------------------- 09/30/03 $8,475,000 10/31/03 $8,475,000 11/30/03 $8,525,000 12/31/03 and the last day $8,575,000" of each calendar month thereafter $ 6,500,000thereafter

Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth plus Subordinated IndebtednessWorth, determined as at the end of each month, at an amount not less than the amount set forth in the table below opposite such periodthe applicable month end: Month Ending Minimum Book Net Worth plus Subordinated Indebtedness 9/30/06 $ 6,000,000 10/31/06 $ 6,000,000 11/30/06 $ 6,500,000 12/31/06 ------------ ---------------------- 1/31/04 $9,325,000 2/29/04 $9,450,000 3/31/04 $9,575,000 4/30/04 $9,675,000 5/31/04 $9,800,000 6/30/04 $9,900,000 7/31/04 $10,025,000 8/31/04 $10,150,000 9/30/04 $10,300,000 10/31/04 and each month thereafter $ 6,500,000$10,425,000 end thereafter

Minimum Book Net Worth. The Borrower Borrowers will maintain, during each period described below, its maintain at all times the sum of Netlist's Book Net Worth plus Subordinated Indebtedness, determined as at the end of each month, at an amount not less than the amount set forth in the table below opposite such periodthe applicable test date: Month Ending Minimum Book Net Worth plus Subordinated Indebtedness Test Date 3/31/06 $5,350,000 4/30/06 $5,200,000 5/31/06 $5,050,000 6/30/06 $5,100,000 7/31/06 $4,900,000 8/31/06 $4,925,000 9/30/06 $ 6,000,000 $5,300,000 10/31/06 $ 6,000,000 $5,450,000 11/30/06 $ 6,500,000 $5,750,000 12/31/06 and each month thereafter $ 6,500,000$6,250,000

Minimum Book Net Worth. The Borrower will maintain, ------------------------- during each period described below, its Book Net Worth plus Subordinated IndebtednessWorth, determined as at the end of each month, at an amount not less than the amount set forth in the table below opposite such period: Month Ending Period Minimum Book Net Worth plus Subordinated Indebtedness 9/30/06 $ 6,000,000 10/31/06 $ 6,000,000 11/30/06 $ 6,500,000 12/31/06 -------------------- ---------------------- July 31, 2000 $17,000,000 August 31, 2000 $17,000,000 September 30, 2000 $17,800,000 October 31, 2000 $18,000,000 November 30, 2000 $18,500,000 December 31, 2000 and each month thereafter $ 6,500,000$19,100,000