Minimum Book Net Worth. The Obligors will have a Book Net Worth of not less than: (a) $3,100,000, as of the end of the fiscal quarter ending in December 2004; (b) $3,200,000, as of the end of each subsequent fiscal quarter in fiscal years 2005 and 2006; and (c) the Adjusted Book Net Worth Amount, as of the end of each fiscal quarter ending after September 30, 2006.”
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Samples: Credit and Security Agreement (Infotech Usa Inc), Credit and Security Agreement (Applied Digital Solutions Inc)
Minimum Book Net Worth. The Obligors will have maintain a Book Net Worth of not less than: (a) than $3,100,0007,300,000, determined as of the end of the fiscal quarter ending in December 2004; (b) $3,200,000, as of the end of each subsequent fiscal quarter in fiscal years 2005 and 2006; and (c) the Adjusted Book Net Worth Amount, as of at the end of each fiscal quarter ending after September 30, 2006quarter.”
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Minimum Book Net Worth. The Obligors will have a Book Net Worth of not less than: (a) $3,100,0001,900000, as of the end of the fiscal quarter ending in December 20042006; (b) $3,200,0001,800,000, as of the end of each subsequent the fiscal quarter ending in March 2007; (c) $1,725,000, as of the end of the fiscal years 2005 and 2006quarter ending in June 2007; (d) $1,575,000, as of the end of the fiscal quarter ending in September 2007; and (ce) the Adjusted Book Net Worth Amount, as of the end of each fiscal quarter ending after September 30, 20062007.”
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Samples: Credit and Security Agreement (Applied Digital Solutions Inc)
Minimum Book Net Worth. The Obligors will have a Book Net Worth of not less than: (a) $3,100,0001,900,000, as of the end of the fiscal quarter ending in December 20042006; (b) $3,200,0001,800,000, as of the end of each subsequent the fiscal quarter ending in March 2007; (c) $1,725,000, as of the end of the fiscal years 2005 and 2006quarter ending in June 2007; (d) $1,575,000, as of the end of the fiscal quarter ending in September 2007; and (ce) the Adjusted Book Net Worth Amount, as of the end of each fiscal quarter ending after September 30, 20062007.”
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Minimum Book Net Worth. The Obligors will have a Book Net Worth of not less than: (a) $3,100,000, as of the end of the fiscal quarter ending in December 2004; (b) $3,200,000, as of the end of each subsequent fiscal quarter in fiscal years 2005 and 2006year 2005; and (c) the Adjusted Book Net Worth Amount, as of the end of each fiscal quarter ending after September 30, 20062005.”
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