Minimum Capitalization. The Offering will terminate if the Company has not received and accepted subscriptions for the Minimum Offering on or before the Minimum Offering Expiration Date.
Minimum Capitalization. (a) The Private Placement will terminate if the Company has not received and accepted subscriptions for the Minimum Offering for the Private Placement on or before the Minimum Offering Expiration Date for the Private Placement.
(b) The Initial Public Offering will terminate if the Company has not received and accepted subscriptions for the Minimum Offering for the Initial Public Offering on or before the Minimum Offering Expiration Date for the Initial Public Offering.
Minimum Capitalization. The Minimum Aggregate Funding Availability shall not be less than $100,000,000 and the Minimum Equity Capitalization shall not be less than $50,000,000.
Minimum Capitalization. The Loan Parties shall not at any time permit the ratio of Consolidated Total Funded Debt to the sum of Consolidated Total Funded Debt plus Consolidated Net Worth to exceed 0.45:1.
Minimum Capitalization. Borrower shall have a minimum net worth of $5,000,000.
Minimum Capitalization. A minimum Tangible Net Worth at all times of not less than the greater of (A) five million dollars ($5,000,000) and (B) the amount necessary to maintain compliance with the Borrowing Base.
Minimum Capitalization. The Minimum Equity Capitalization shall not be less than $100,000,000.
(q) Section 9.2(d) of the Agreement is hereby amended and restated in its entirety as follows:
Minimum Capitalization. The Agent shall have received evidence in form and substance satisfactory to the Agent that as of the Closing Date, the sum of Consolidated Net Worth plus Subordinated Indebtedness equals an aggregate amount not less than $10,000,000.
Minimum Capitalization. (Section 8.2.20). As of the Report Date, the Consolidated Funded Debt is $__________ which does not exceed $___________ which is fifty percent (50%) of Consolidated Capitalization. Such amounts are computed as follows:
(A) Consolidated Funded Debt as of the Report Date:
(i) Insert figure calculated in item (2)(A)(vi) above $___________
(B) Fifty percent of Consolidated Capitalization as of the Report Date is calculated as follows:
(i) Consolidated Funded Debt (insert figure calculated in item (2)(A)(vi) above $___________
(ii) Consolidated Net Worth (insert figure calculated in item (4)(A) above $___________
(iii) The sum of items (i) and (ii) equals Consolidated Capitalization $___________
(iv) Item (iii) x .50 equals 50% of Consolidated Capitalization $___________ ____________________, 19__ PNC BANK, NATIONAL ASSOCIATION as Agent for the Banks party to the Credit Agreement Referred to Below 249 Xxxxx Xxxxxx Xxxxxxxxxx, XX 00000-0000 Xxdies and Gentlemen: I refer to the Credit Agreement dated as of November 17, 1997 (as amended, supplemented or modified from time to time, the "Credit Agreement") among NOVACARE EMPLOYEE SERVICES, INC., a Delaware corporation ("NCES") and the Guarantors under such Credit Agreement (collectively, the "Loan Parties"), the Banks party thereto and PNC BANK, NATIONAL ASSOCIATION, as Agent for such Banks. Unless otherwise defined herein, terms defined in the Credit Agreement are used herein with the same meanings.
Minimum Capitalization. (Section 8.2.20). As of the Report Date, the Consolidated Funded Debt is $__________ which does not exceed $___________ which is fifty percent (50%) of Consolidated Capitalization. Such amounts are computed as follows:
(A) Consolidated Funded Debt as of the Report Date:
(i) Insert figure calculated in item (3)(A)(vi) above $_____________
(B) Fifty percent of Consolidated Capitalization as of the Report Date is calculated as follows:
(i) Consolidated Funded Debt (insert figure calculated in item (3)(A)(vi) above $_____________
(ii) Consolidated Net Worth (insert figure calculated in item (5)(A) above $_____________
(iii) The sum of items (i) and (ii) equals Consolidated Capitalization $_____________
(iv) Item (iii) x .50 equals 50% of Consolidated Capitalization $_____________
