Common use of Minimum Book Net Worth Clause in Contracts

Minimum Book Net Worth. The Borrower will maintain its Book Net Worth, determined as at the end of each month listed below, at an amount not less than the amount set forth opposite such period: MONTH MINIMUM BOOK NET WORTH ----------------- ---------------------- March 31, 1997 $1,355,000 April 30, 1997 $2,200,000 May 31, 1997 $2,120,000 June 30, 1997 $2,565,000 July 31, 1997 $2,565,000 August 31, 1997 $2,660,000 September 30, 1997 $3,400,000 October 31, 1997 $3,520,000 November 30, 1997 $3,765,000 December 31, 1997 $4,570,000

Minimum Book Net Worth. The Borrower will maintain its Book Net Worth, determined as at the end of each month listed date below, at an amount not less than the amount set forth opposite such periodthe applicable date: MONTH DATE MINIMUM BOOK NET WORTH ----------------- ---- ---------------------- March 31, 1997 1999 $1,355,000 April 30, 1997 $2,200,000 May 31, 1997 $2,120,000 1,895,000 June 30, 1997 1999 $2,565,000 July 31, 1997 $2,565,000 August 31, 1997 $2,660,000 1,970,000 September 30, 1997 1999 $3,400,000 October 31, 1997 $3,520,000 November 30, 1997 $3,765,000 2,070,000 December 31, 1997 1999 $4,570,0002,670,000

Minimum Book Net Worth. The Borrower will maintain its Book Net Worth, determined as at the end of each month listed belowthrough December 31, 2003, at an amount not less than the amount set forth opposite such period: MONTH MINIMUM BOOK NET WORTH ----------------- ---------------------- March 31, 1997 $1,355,000 April 30, 1997 $2,200,000 May 31, 1997 $2,120,000 June 30, 1997 $2,565,000 July 31, 1997 $2,565,000 August 31, 1997 $2,660,000 September 30, 1997 $3,400,000 October 31, 1997 $3,520,000 November 30, 1997 $3,765,000 December 31, 1997 $4,570,00012,500,000.00.

Minimum Book Net Worth. The Borrower will maintain its Book Net Worth, Worth determined as at the end of each month listed belowmonth, at an amount not less than the amount set forth opposite such periodmonth: MONTH MINIMUM BOOK NET WORTH ----------------- Month Minimum Book Net Worth ----- ---------------------- July 31, 1999 $1,000,000 August 31, 1999 $900,000 September 30, 1999 $1,000,000 October 31, 1999 $1,000,000 November 30, 1999 $1,100,000 December 31, 1999 $1,150,000 January 31, 2000 $1,300,000 February 29, 2000 $1,450,000 March 31, 1997 2000 $1,355,000 1,650,000 April 30, 1997 2000 $2,200,000 1,825,000 May 31, 1997 2000 $2,120,000 2,050,000 June 30, 1997 2000 $2,565,000 July 31, 1997 $2,565,000 August 31, 1997 $2,660,000 September 30, 1997 $3,400,000 October 31, 1997 $3,520,000 November 30, 1997 $3,765,000 December 31, 1997 $4,570,0002,300,000

Minimum Book Net Worth. The Borrower will maintain its Permit Borrower's Book Net Worth, determined as Worth at the end of each month listed below, at an amount not any time to be less than the amount set forth opposite such period: MONTH MINIMUM BOOK NET WORTH ----------------- ---------------------- March 31$25,000,000, 1997 $1,355,000 April 30, 1997 $2,200,000 May 31, 1997 $2,120,000 June 30, 1997 $2,565,000 July 31, 1997 $2,565,000 August 31, 1997 $2,660,000 September 30, 1997 $3,400,000 October 31, 1997 $3,520,000 November 30, 1997 $3,765,000 plus 75% of positive net income of Borrower after December 31, 1997 $4,570,0002000.

Minimum Book Net Worth. The Borrower will maintain maintain, during each period described below, its Book Net Worth, determined as at the end of each month listed belowmonth, at an amount not less than that the amount set forth opposite such period: MONTH MINIMUM BOOK NET WORTH ----------------- Period Minimum Book Net Worth ------ ---------------------- March 31July 1, 1997 1999 through and $1,355,000 April 30, 1997 $2,200,000 May 31, 1997 $2,120,000 June 30, 1997 $2,565,000 July 31, 1997 $2,565,000 20,000,000 including August 31, 1997 1999 September 1, 1999 through and including $2,660,000 September 30, 1997 $3,400,000 October 31, 1997 $3,520,000 20,500,000 November 30, 1997 1999 December 1, 1999 through and including $3,765,000 21,000,000 December 31, 1997 $4,570,0001999

Minimum Book Net Worth. The Borrower will maintain maintain, during each period described below, its Book Net Worth, determined as at the end of each month listed belowmonth, at an amount not less than that the amount set forth opposite such period: MONTH PERIOD MINIMUM BOOK NET WORTH ----------------- ------ ---------------------- March 31July 1, 1997 1999 through and $1,355,000 April 30, 1997 $2,200,000 May 31, 1997 $2,120,000 June 30, 1997 $2,565,000 July 31, 1997 $2,565,000 20,000,000 including August 31, 1997 1999 September 1, 1999 through and including $2,660,000 September 30, 1997 $3,400,000 October 31, 1997 $3,520,000 20,500,000 November 30, 1997 1999 December 1, 1999 through and including $3,765,000 21,000,000 December 31, 1997 $4,570,0001999

Minimum Book Net Worth. The Borrower will maintain its Book Net Worth, determined as at the end of each month listed below, at an amount not less than the amount set forth opposite such period: MONTH MINIMUM BOOK NET WORTH ----------------- ---------------------- March 31, 1997 $1,355,000 April 30, 1997 $2,200,000 May 31, 1997 $2,120,000 June 30, 1997 $2,565,000 July 31, 1997 $2,565,000 August 31, 1997 $2,660,000 September 30, 1997 $3,400,000 October 31, 1997 < $3,520,000 480,000 > November 30, 1997 $3,765,000 725,000 December 31, 1997 $4,570,000885,000