Common use of Minimum Consolidated Net Worth Clause in Contracts

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than (i) $175,000,000 plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal quarter ending March 31, 2004 plus (iii) the amount of all Net Cash Proceeds resulting from issuances of the Borrower's or any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiary.

Minimum Consolidated Net Worth. The Borrower will shall at all times on a consolidated basis for the Borrower and its Subsidiaries maintain Consolidated Net Worth of to be not less than the sum of: (i) $175,000,000 plus 1,250,000,000 (ii) 7550% of Consolidated Net Income net income (if positive) earned in for each fiscal quarter beginning with the fiscal quarter ending March 31on September 30, 2004 plus 2005 and thereafter, and (iii) the amount of all Net Cash Proceeds resulting from issuances of additions to equity to the Borrower's or , including, any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any SubsidiaryEquity Issuance.

Minimum Consolidated Net Worth. The Borrower will shall at all times maintain a Consolidated Net Worth of not less than at least an amount equal to the sum of (i) $175,000,000 65,000,000, plus (ii) beginning with the fiscal quarter ending November 30, 1995, 75% of Consolidated Net Income (if positive) earned in for each fiscal quarter beginning with the fiscal quarter ending March 31thereafter on a cumulative basis, 2004 plus (iii) the amount of all Net Cash Proceeds resulting from issuances of the Borrower's or without giving effect to any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiarylosses.

Minimum Consolidated Net Worth. The Borrower will at all times maintain Borrower’s Consolidated Net Worth of at any time shall not be less than the sum of (i) $175,000,000 146,000,000 plus (ii) 75beginning with the fiscal quarter ending December 31, 2005, 50% of Consolidated Net Income (if positiveto the extent a positive number) earned in for such fiscal quarter and for each fiscal quarter beginning with the fiscal quarter ending March 31, 2004 plus (iii) the amount of all Net Cash Proceeds resulting from issuances of the Borrower's or any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiarythereafter.

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than (i) $175,000,000 225,000,000 plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal quarter ending March 31September 30, 2004 2005 plus (iii) the amount of all Net Cash Proceeds resulting from issuances of the Borrower's or any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiary.

Minimum Consolidated Net Worth. The Borrower will at all times shall have and maintain a minimum Consolidated Net Worth of not less than (i) $175,000,000 plus (ii) 75% of 150,000,000 for the period from the Closing Date through December 31, 1997. For each subsequent fiscal quarter thereafter, the Borrower shall maintain, at all times during such fiscal quarter, minimum Consolidated Net Income Worth in an amount equal to at least the preceding fiscal quarter's minimum Consolidated Net Worth requirement plus an amount equal to fifty (if positive50%) earned in each fiscal quarter beginning with the fiscal quarter ending March 31, 2004 plus (iii) the amount of all Net Cash Proceeds resulting from issuances percent of the Borrower's or any Subsidiary's capital stock or other equity interests year to a Person other than the Borrower or any Subsidiarydate Consolidated Net Income for such preceding fiscal quarter (with no adjustment for losses).

Minimum Consolidated Net Worth. The Borrower will at all times shall maintain a Consolidated Net Worth of not less than at least (ia) $175,000,000 plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with 66,500,000 at all times during the fiscal quarter ending March period from the Closing Date through and including December 31, 2004 plus 2001, and (iiib) the amount of $67,500,000 at all Net Cash Proceeds resulting from issuances of the Borrower's or any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiarytimes thereafter.

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $175,000,000 494,242,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with ending subsequent to the fiscal quarter ending March 31Effective Date, 2004 plus (iii) 90% of any amount recorded as net proceeds on the amount of all Net Cash Proceeds resulting from issuances consolidated balance sheet of the Borrower's or Borrower from the issuance of any Subsidiary's capital stock or other equity interests subsequent to a Person other than the Borrower or any SubsidiaryEffective Date.

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than (i) $175,000,000 375,000,000 plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal quarter ending March 31September 30, 2004 2009 plus (iii) the amount of all Net Cash Proceeds resulting from issuances of the Borrower's ’s or any Subsidiary's capital stock or other equity interests ’s Capital Stock to a Person other than the Borrower or any Subsidiary.

Minimum Consolidated Net Worth. The Borrower will at all times maintain or cause to be maintained, as of the end of each fiscal quarter of the Borrower (beginning with the quarter ended June 30, 1998), Consolidated Net Worth of in an amount not less than (ia) $175,000,000 Consolidated Net Worth as of December 31, 1997, plus (iib) 75% fifty percent (50%) of Consolidated Net Income (if positivewithout any deduction for losses) earned in for each fiscal quarter beginning with the fiscal quarter ending March subsequent to December 31, 2004 plus 1997, minus (iiic) the amount of all Net Cash Proceeds resulting from issuances of the Borrower's or any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiary$7,500,000.

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $175,000,000 313,000,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with ending subsequent to the fiscal quarter ending March 31Closing Date, 2004 plus (iii) 90% of any amount recorded on the amount of all Net Cash Proceeds resulting from issuances consolidated balance sheet of the Borrower's or Borrower from the issuance of any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiaryequity.

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $175,000,000 306,850,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with ending subsequent to the fiscal quarter ending March 31Closing Date, 2004 plus (iii) 90% of any amount recorded on the amount of all Net Cash Proceeds resulting from issuances consolidated balance sheet of the Borrower's or Borrower from the issuance of any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiaryequity.

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth Worth, measured as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ended December 31, 2011, of not less than (i) $175,000,000 plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal quarter ending March 31, 2004 plus (iii) the amount of all Net Cash Proceeds resulting from issuances of the Borrower's or any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiary85,000,000.

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (ia) $175,000,000 620,000,000, plus (iib) 7550% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with ending subsequent to the fiscal quarter ending March 31Effective Date, 2004 plus (iiic) the amount 80% of all Net Cash Proceeds resulting from issuances of the Borrower's or any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any SubsidiaryEquity Issuance Proceeds.

Minimum Consolidated Net Worth. The Borrower will at all times shall have and maintain a minimum Consolidated Net Worth of not less than (i) $175,000,000 plus (ii) 75% of 135,000,000 for the period from the Closing Date through December 31, 1995. For each subsequent fiscal quarter thereafter, the Borrower shall maintain, at all times during such fiscal quarter, minimum Consolidated Net Income Worth in an amount equal to at least the preceding fiscal quarter's minimum Consolidated Net Worth requirement plus an amount equal to fifty (if positive50%) earned in each fiscal quarter beginning with the fiscal quarter ending March 31, 2004 plus (iii) the amount of all Net Cash Proceeds resulting from issuances percent of the Borrower's or any Subsidiary's capital stock or other equity interests year to a Person other than the Borrower or any Subsidiarydate Consolidated Net Income for such preceding fiscal quarter (with no adjustment for losses).

Minimum Consolidated Net Worth. The Borrower will at all times maintain Consolidated Net Worth as of the end of each of the Borrower's fiscal quarters of not less than (i) $175,000,000 135,000,000 plus (ii) 75100% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal quarter ending March 31, 2004 plus (iii) net proceeds received by the amount of all Net Cash Proceeds resulting from issuances of the Borrower's Borrower or any Subsidiary's capital stock Subsidiary from the sale or other issuance of equity interests securities to a any Person other than the Borrower or any Subsidiary.Subsidiary after June 30, 1995 plus 50% of positive Consolidated Net Income, if any, for each fiscal quarter elapsed after June 30, 1995;

Minimum Consolidated Net Worth. The Borrower will at At all times after September 1, 1996, Borrower shall maintain a Consolidated Net Worth of not less than at least (i) $175,000,000 64,800,000 plus (ii) 75% of Consolidated Net Income (if positive) earned in for each fiscal quarter beginning quarter, commencing with and including the fiscal quarter ending March 31November 30, 2004 plus (iii) the amount of all Net Cash Proceeds resulting from issuances of the Borrower's or 1996, on a cumulative basis, without giving effect to any Subsidiary's capital stock or other equity interests to a Person other than the Borrower or any Subsidiarylosses.