Common use of Minimum Net Worth Clause in Contracts

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 plus (ii) fifty percent (50%) of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 (without deduction for losses).

Minimum Net Worth. The Borrower will shall maintain at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (ia) $265,000,000 185,000,000 plus (iib) fifty percent (50%) the aggregate sum of Consolidated the Fiscal Quarter Net Income earned in Worth Increase Amounts calculated for each fiscal quarter beginning with of the quarter Consolidated Entities ending after December 31, 1997 (without deduction for losses)1996.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 575,000,000 plus (ii) fifty percent (50%) % of Consolidated Net Income (if positive) earned in each fiscal quarter Fiscal Quarter beginning with the quarter Fiscal Quarter ending December 31, 1997 (without deduction for losses)2003.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 325,069,000 plus (ii) fifty percent (50%) % of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31June 30, 1997 2004 (without deduction for losses).

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 73,000,000 plus (ii) fifty percent (50%) 75% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31April 30, 1997 1999 (without deduction for losses), and plus (iii) 100% of the net proceeds from any equity offering of the Borrower or any of its Subsidiaries; provided, however, that for purposes of calculation of compliance with this Section 6.23.3, "Consolidated Net Worth" shall not include more than 50% of intangible assets.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 900,000,000 plus (ii) fifty percent 50% of Consolidated Net Income earned in the two consecutive fiscal quarters ending December 31, 2004 (without deduction for losses) plus (iii) 50%) % of Consolidated Net Income earned in each fiscal quarter beginning with the quarter year ending on or after December 31, 1997 2005 (without deduction for losses).

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 7,000,000 plus (ii) fifty percent (50%) 75% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31June 30, 1997 2000 (without deduction for losses), plus (iii) 100% of the net proceeds of any offering by the Borrower of equity securities of the Borrower.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 160,000,000 plus (ii) fifty percent (50%) % of Consolidated Net Income (if positive) earned in each fiscal quarter Fiscal Quarter beginning with the quarter Fiscal Quarter ending December 31, 1997 (without deduction for losses)2003.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 155,000,000 plus (ii) fifty percent (50%) % of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31June 30, 1997 2002 (without deduction for losses).

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 60,000,000 plus (ii) fifty percent (50%) 75% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31April 30, 1997 1999 (without deduction for losses), and plus (iii) 100% of the net proceeds from any equity offering of the Borrower or any of its Subsidiaries." (d) Section 6.23.4 is hereby amended to read in its entirety as follows:

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 160,000,000, plus (ii) fifty percent (50%) % of Consolidated Net Income earned in each fiscal quarter year beginning with the quarter year ending December 31, 1997 2006 (without deduction for losses), plus (iii) 75% of net proceeds from any sale of capital stock of the Borrower.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 185,000,000 plus (ii) fifty percent (50%) 75% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 1999 (without deduction for losses)) plus (iii) the amount of any addition to the consolidated stockholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any Equity Interests by the Borrower after the date of this Agreement.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the he sum of (i) $265,000,000 75% of Consolidated Net Worth at December 31, 2010 plus (ii) fifty percent (50%) % of Consolidated Net Income earned in each fiscal quarter if positive beginning with the quarter ending December March 31, 1997 2011 plus (without deduction for losses)iii) 100% of the net cash proceeds resulting from the issuance of capital stock of the Borrower.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (ia) $265,000,000 17,500,000, plus (iib) fifty percent (50%) % of positive Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31on or after January 1, 1997 2011. and (without deduction for losses).iii) adding Section 6.24.5 as follows:

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 145,000,000, plus (ii) fifty percent (50%) % of Consolidated Net Income earned in each fiscal quarter beginning with the fiscal quarter ending December on March 31, 1997 2004 (without deduction for losses), plus 75% of Net Cash Proceeds received by the Borrower or any Subsidiary.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 850,000,000 plus (ii) fifty percent (50%) of Consolidated Net Income earned in each fiscal quarter if positive beginning with the quarter ending December 31, 1997 2011 plus (without deduction for losses)iii) 100% of the net cash proceeds resulting from the issuance of capital stock of the Borrower after the Effective Date, excluding the impact of gains or losses resulting from fluctuations in currency exchange rates.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (ia) $265,000,000 20,000,000, plus (iib) fifty percent (50%) % of positive Consolidated Net Income earned in each fiscal quarter beginning with ending on or after the quarter ending December 31, 1997 (without deduction for losses)date of determination.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 45,000,000 plus (ii) fifty percent (50%) % of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 1998 (without deduction for losses)." (b) Section 6.16 of the Credit Agreement shall be amended in its entirety and as so amended to read as follows:

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 295,000,000, plus (ii) fifty percent (50%) 75% of Consolidated Net Income earned in each fiscal quarter beginning with the fiscal quarter ending December 31May 26, 1997 2001 (without deduction for losses), and plus (iii) 90% of the Net Cash Proceeds of any equity offering consummated after the last day of fiscal year 2000.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 294,945,000 plus (ii) fifty percent (50%) % of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 2004 (without deduction for losses).

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (iA) $265,000,000 plus 240,000,000 determined as of the end of each of its fiscal quarters ended prior to the first three anniversary dates of this Agreement and (iiB) fifty percent (50%) $285,000,000 determined as the end of Consolidated Net Income earned in each of its fiscal quarter beginning with quarters ended prior to the quarter ending December 31, 1997 (without deduction for losses)fourth and fifth anniversary dates of this Agreement.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 180,000,000 plus (ii) fifty percent (50%) % of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal quarter ending December March 31, 1997 (without deduction for losses)2002.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 17,000,000 plus (ii) fifty percent (50%) 75% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 (without deduction for losses).January