Common use of Minimum Consolidated Shareholders’ Equity Clause in Contracts

Minimum Consolidated Shareholders’ Equity. Holdings shall not permit the Consolidated Shareholders’ Equity at any time to be less than the sum of (a) $791,440,000, plus (b) to the extent positive, 25% of Consolidated Net Income for each fiscal quarter ended after December 31, 2013 (such required minimum consolidated shareholders’ equity amount not to be reduced by any consolidated net loss during any such fiscal quarter).

Appears in 2 contracts

Samples: Credit Agreement (Alexander & Baldwin, Inc.), Credit Agreement (Alexander & Baldwin, Inc.)

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Minimum Consolidated Shareholders’ Equity. Holdings shall not permit the Consolidated Shareholders' Equity at any time to be less than the sum of (a) $791,440,000, 760,631,250 plus (b) to the extent positive, 25% of Consolidated Net Income for each fiscal quarter ended after December 31, 2013 2005 (such required minimum consolidated shareholders' equity amount not to be reduced by any consolidated net loss during any such fiscal quarter).

Appears in 1 contract

Samples: Alexander & Baldwin Inc

Minimum Consolidated Shareholders’ Equity. Holdings shall not permit the Consolidated Shareholders’ Equity at any time to be less than the sum of (a) $791,440,000, 889,000,000 plus (b) to the extent positive, 25% of Consolidated Net Income for each fiscal quarter ended after December 31, 2013 2010 (such required minimum consolidated shareholders' equity amount not to be reduced by any consolidated net loss during any such fiscal quarter).

Appears in 1 contract

Samples: Alexander & Baldwin Inc

Minimum Consolidated Shareholders’ Equity. Holdings The Borrower shall not ----------------------------------------- permit the Consolidated Shareholders' Equity at any time to be less than the sum of (a) $791,440,000, 760,631,250 plus (b) to the extent positive, 25% of Consolidated Net Income for each fiscal quarter ended after December 31, 2013 2005 (such required minimum consolidated shareholders' equity amount not to be reduced by any consolidated net loss during any such fiscal quarter).

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin Inc)

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Minimum Consolidated Shareholders’ Equity. Holdings shall not permit the Consolidated Shareholders’ Equity at any time to be less than the sum of (a) $791,440,000, plus (b) to the extent positive, 25% of Consolidated Net Income for each fiscal quarter ended after December 31, 2013 (such required minimum consolidated shareholders’ equity amount not to be reduced by any consolidated net loss during any such fiscal quarter).

Appears in 1 contract

Samples: Alexander & Baldwin, Inc.

Minimum Consolidated Shareholders’ Equity. Holdings The Borrower shall not permit the Consolidated Shareholders' Equity at any time to be less than the sum of (a) $791,440,000, 889,000,000 plus (b) to the extent positive, 25% of Consolidated Net Income for each fiscal quarter ended after December 31, 2013 2010 (such required minimum consolidated shareholders' equity amount not to be reduced by any consolidated net loss during any such fiscal quarter).

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin Inc)

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