Minimum Capital Base. (a) OFL will not permit its consolidated Capital Base, on the last day of its fiscal year, to be less than the sum of (i) its consolidated Capital Base on the last day of the immediately preceding fiscal year, PLUS (ii) to the extent Net Income for such fiscal year is greater than zero, Net Income for such fiscal year PLUS (iii) Capital Base Proceeds for such fiscal year; and
Appears in 2 contracts
Samples: Execution Copy (Arcadia Financial LTD), Execution Copy (Arcadia Financial LTD)
Minimum Capital Base. (a) OFL AFL will not permit its consolidated Capital Base, on the last day of its fiscal year, to be less than the sum of (i) its consolidated Capital Base on the last day of the immediately preceding fiscal year, PLUS (ii) to the extent Net Income for such fiscal year is greater than zero, Net Income for such fiscal year PLUS (iii) Capital Base Proceeds for such fiscal year; and
Appears in 2 contracts
Samples: Note Purchase Agreement (Arcadia Financial LTD), Certificate Purchase Agreement (Arcadia Financial LTD)
Minimum Capital Base. (a) OFL will not permit its consolidated Capital Base, on the last day of its fiscal year, to be less than the sum of (i) its consolidated Capital Base on the last day of the immediately preceding fiscal year, PLUS (ii) to the extent Net Income for such fiscal year is greater than zero, Net Income for such fiscal year PLUS (iii) Capital Base Proceeds for such fiscal year; and.
Appears in 2 contracts
Samples: Execution Copy (Olympic Financial LTD), Note Purchase Agreement (Olympic Financial LTD)
