Minimum Consolidated Tangible Net Worth. (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.
Minimum Consolidated Tangible Net Worth. Commencing with the Fiscal Quarter ending June, 2006, Consolidated Tangible Net Worth will at no time be less than a cumulatively increasing amount equal to the sum of (i) $130,000,000 plus (ii) 50% of the Consolidated Net Income for each Fiscal Quarter ending September 20, 2006 and thereafter. In determining the minimum Consolidated Tangible Net Worth required by this Section 5.03, any negative Consolidated Net Income, computed cumulatively on an annual basis, shall be excluded.
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth will at no time be less than $1,888,000,000.
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date plus (ii) 80.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Minimum Consolidated Tangible Net Worth. The Consolidated Tangible Net Worth of Borrower shall at no time be less the sum of (x) $700,000,000 and (y) 90% of the Net Offering Proceeds from and after the date hereof.
Minimum Consolidated Tangible Net Worth. Borrower shall maintain a Consolidated Tangible Net Worth of not less than $6,000,000.
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to be less than (i) $1,015,000,000, plus (ii) 70% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time after December 31, 2005.
Minimum Consolidated Tangible Net Worth. The Consolidated --------------------------------------- Tangible Net Worth will at no time be less than the sum of (i) $575,000,000 plus (ii) 90% of all Net Offering Proceeds.
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth at any time to be less than the sum of (a) $100,000,000, plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from issuances or sales of Equity Interests of the Parent or any of its Subsidiaries consummated after the Closing Date.
Minimum Consolidated Tangible Net Worth. The Borrower will not allow its Consolidated Tangible Net Worth to ever be less than the sum of (i) $48,000,000, plus (ii) as of the end of each fiscal quarter beginning with the fiscal quarter ending June 30, 2001, 50% of Borrower's Consolidated Net Income for such fiscal quarter then ended (but only if positive) and (iii) 75% of the net proceeds received by Borrower from the issuance of any equity securities after the Effective Date.
