Common use of Minimum Book Net Worth Clause in Contracts

Minimum Book Net Worth. The Borrower will maintain, as of each date set forth below, its Book Net Worth at an amount not less than the amount set forth opposite such date (numbers appearing between parentheses are negative): Date Minimum Book Net Worth March 31, 2005 ($13,447,000) June 30, 2005 ($13,526,000) September 30, 2005 ($11,857,000) December 31, 2005 and the last day of each quarter thereafter ($9,146,000)

Appears in 1 contract

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

AutoNDA by SimpleDocs

Minimum Book Net Worth. The Borrower will maintain, as of each date set forth described below, its Book Net Worth at an amount not less than the amount set forth opposite such date (numbers appearing between parentheses are negative): Date period: Period Minimum Book Net Worth March ------ ---------------------- February 28, 1999 $649,000 May 31, 2005 (1999 $13,447,000) June 878,000 August 31, 1999 $1,061,000 November 30, 2005 ($13,526,000) September 30, 2005 ($11,857,000) December 31, 2005 1999 and on the last day of each quarter thereafter ($9,146,000)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 set forth belowdescribed below during the term hereof, its Book Net Worth at an amount not less than the amount set forth below opposite such date (numbers appearing between parentheses are negative): date: Date Minimum Book Net Worth March 31, 2005 ($13,447,000) June 30, 2005 ($13,526,000) September 30, 2005 ($11,857,000) December 31, 2005 2007 Book Net Worth as of prior December 31 minus $2,300,000 December 31, 2008, and the last day each December 31 thereafter Book Net Worth as of each quarter thereafter (prior December 31 plus $9,146,000)1,000,000

Appears in 1 contract

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

Minimum Book Net Worth. The Borrower will maintain, as of each date 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 (numbers appearing between parentheses are negative): Date Minimum Book Net Worth March 31, 2005 ($13,447,000) June 30, 2005 ($13,526,000) September 30, 2005 ($11,857,00017,403,000) December 31, 2005 and the last day of each quarter thereafter ($9,146,00017,601,000)

Appears in 1 contract

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

Minimum Book Net Worth. The Borrower Borrowers will maintain, as of maintain on each date set forth listed below, its on a consolidated basis, Book Net Worth at an amount of not less than the amount set forth opposite such date (numbers appearing between parentheses are negative): date: Date Minimum Book Net Worth March 31, 2005 ($13,447,000) 2002 $ 22,750,000 June 30, 2005 ($13,526,000) 2002 $ 23,700,000 September 30, 2005 ($11,857,000) 2002 $ 24,800,000 December 31, 2005 and the last day of each quarter thereafter ($9,146,000)2002 $ 25,700,000

Appears in 1 contract

Samples: Credit and Security Agreement (Medtox Scientific Inc)

AutoNDA by SimpleDocs

Minimum Book Net Worth. The Borrower Borrowers will maintain, as of each date set forth belowdescribed below during the term hereof, its Book Net Worth at an amount not less than the amount set forth below opposite such date (numbers appearing between parentheses are negative): date: Date Minimum Book Net Worth March 31, 2005 ($13,447,000) June 30, 2005 ($13,526,000) September 30, 2005 ($11,857,000) December 31, 2005 2009 $38,750,000 December 31, 2010, and the last day each December 31 thereafter Book Net Worth as of each quarter thereafter (prior December 31 plus $9,146,000)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 set forth described below, its Book Net Worth at an amount not less than the amount set forth opposite such date (numbers appearing between parentheses are negative): date: Date Minimum Book Net Worth March ---- ---------------------- November 30, 2000 $703,000 February 28, 2001 $633,000 May 31, 2005 (2001 $13,447,000) June 838,000 August 31, 2001 $833,000 November 30, 2005 ($13,526,000) September 30, 2005 ($11,857,000) December 31, 2005 2001 and the last day of each quarter thereafter ($9,146,000)768,000"

Appears in 1 contract

Samples: Credit and Security Agreement (Naco Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.