Common use of Minimum Net Worth Clause in Contracts

Minimum Net Worth. Borrower shall not permit, at any time the Consolidated Net Worth to be an amount less than the sum of (i) an amount equal to $790,983,900 plus (ii) 50% of Consolidated Net Income for each fiscal quarter (beginning with the first full fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances of the Borrower after the Closing Date.

Minimum Net Worth. The Borrower shall not permit, will at any time the all times maintain Consolidated Net Worth to be an amount of not less than the sum of (i) an amount equal to $790,983,900 900,000,000 plus (ii) 50% of Consolidated Net Income for each fiscal quarter (beginning with earned in the first full fiscal quarter ending after the Closing DateDecember 31, 2002 (without deduction for losses) for which Consolidated Net Income is a positive amount plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the net cash proceeds from equity issuances of the Borrower after the Closing Datefiscal year ending December 31, 2003 (without deduction for losses).

Minimum Net Worth. The Borrower shall will not permit, at any time the permit Consolidated Net Worth as of any date to be an amount less than the sum of (i) an amount equal to $790,983,900 plus 850,000,000 and (ii) 50% of Consolidated Net Income for each fiscal quarter beginning after March 31, 2002 for which the Borrower shall have delivered financial statements pursuant to Section 5.01(a) or (beginning with the first full b), but excluding any such fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances of the Borrower after the Closing Datenegative.

Minimum Net Worth. The Borrower shall not permit, will at any time the all times maintain Consolidated Net Worth to be an amount of not less than the sum of (i) an amount equal to $790,983,900 176,177,600 plus (ii) 50% of Consolidated Net Income for earned in each fiscal quarter (beginning with the first full fiscal quarter ending after the Closing DateSeptember 30, 2000 (without deduction for losses) for which Consolidated Net Income is a positive amount plus (iii) 50% the amount of any addition to the consolidated shareholders' equity of the net cash proceeds Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity issuances of interests by the Borrower after the Closing Datedate of this Agreement.

Minimum Net Worth. Borrower shall not permit, at any time the The Consolidated Net Worth to of the Borrower will at no time be less than an amount less than equal to the sum of (ia) an amount equal to $790,983,900 1,700,000,000 plus (iib) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending on or after September 30, 2002 (beginning with the first full fiscal quarter ending after the Closing Date) for which but only if such Consolidated Net Income for such fiscal quarter is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances of the Borrower after the Closing Dateamount).

Minimum Net Worth. At all times, the Borrower shall will not permit, at any time the permit its Consolidated Net Worth to be an amount less than the sum of (i) an amount equal to $790,983,900 5,320,141,850 plus (ii) 50% of the cumulative Consolidated Net Income for earned in each fiscal quarter thereafter (beginning if positive) commencing with the first full fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances of the Borrower after the Closing Dateon June 30, 2017.

Minimum Net Worth. At all times, the Borrower shall will not permit, at any time the permit its Consolidated Net Worth to be an amount less than the sum of (i) an amount equal to $790,983,900 5,320,141,8505,586,992,000 plus (ii) 50% of the cumulative Consolidated Net Income for earned in each fiscal quarter thereafter (beginning if positive) commencing with the first full fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances of the Borrower after the Closing Dateon June 30, 20172022.

Minimum Net Worth. The Borrower shall not permit, will at any time the all times maintain Consolidated Net Worth to be an amount of not less than the sum of (i) an amount equal to $790,983,900 116,401,600 plus (ii) 50% of Consolidated Net Income for earned in each fiscal quarter (beginning with the first full fiscal quarter ending after the Closing Date) December 31, 2001 (without deduction for which Consolidated Net Income is a positive amount losses), plus (iii) 5075% of the net cash proceeds from of any equity issuances of by the Borrower after received in each fiscal quarter beginning with the Closing Datequarter ending December 31, 2001.

Minimum Net Worth. Borrower shall not permit, at any time the The Consolidated Net Worth to of the Borrower will at no time be less than an amount less than equal to the sum of (ia) an amount equal to $790,983,900 1,700,000,000 plus (iib) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending on or after September 30, 2002 (beginning with the first full but only if such consolidated Net Income for such fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances of the Borrower after the Closing Dateamount).

Minimum Net Worth. The Borrower shall not permit, at any time permit the Consolidated Net Worth of the Borrower Affiliated Group to be an amount less than the sum of (i) $62,500,000, plus, on a cumulative basis, an amount equal to $790,983,900 plus (ii) 50% of Consolidated Net Income for each fiscal quarter (beginning with the first full fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances after tax profit of the Borrower after Affiliated Group earned in each fiscal quarter (commencing with the Closing Datefiscal quarter ending September 30, 2003).

Minimum Net Worth. At all times, the Borrower shall will not permit, at any time the permit its Consolidated Net Worth to be an amount less than the sum of (i) an amount equal to $790,983,900 4,223,942,000 plus (ii) 50% of the cumulative Consolidated Net Income for earned in each fiscal quarter thereafter (beginning if positive) commencing with the first full fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances of the Borrower after the Closing Dateon September 30, 2013.

Minimum Net Worth. At all times, the Borrower shall will not permit, at any time the permit its Consolidated Net Worth to be an amount less than the sum of (i) an amount equal to $790,983,900 2,035,568,250 plus (ii) 50% of the cumulative Consolidated Net Income for earned in each fiscal quarter thereafter (beginning with the first full fiscal quarter ending after the Closing Dateif positive) for which Consolidated Net Income is a positive amount plus (iii) 50% of the net cash proceeds from equity issuances of the Borrower after the Closing Datecommencing on September 30, 2010.

Minimum Net Worth. The Borrower shall not permit, at any time the permit Consolidated Net Worth to be an amount less than the sum of (i) an amount equal to $790,983,900 57,000,000 plus (ii) 50% of Consolidated Net Income positive quarterly net income for each fiscal quarter (beginning with the first full fiscal quarter quarters ending on or after the Closing Date) for which Consolidated Net Income is a positive amount June 30, 2000 plus (iii) 50100% of the net cash Net Cash proceeds from equity issuances of any Offering plus 100% of the Borrower after increase in the Closing DateBorrower's Consolidated Net Worth from the stock portion of the purchase price for the Acquisition.

Minimum Net Worth. The Borrower shall not permit, at any time the permit Consolidated Net Worth to be an amount less than the sum of (i) an amount equal to $790,983,900 57,000,000 plus (ii) 50% of Consolidated Net Income for each fiscal quarter (beginning with the first full fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount quarterly net income plus (iii) 50% of ---- the net cash Net Cash proceeds from equity issuances of any Offering plus 100% of the Borrower after increase in the Closing Date---- Borrower's Consolidated Net Worth from the stock portion of the purchase price for the Acquisition.

Minimum Net Worth. The Borrower shall will not permit, permit Consolidated Net Worth at any time the Consolidated Net Worth to be an amount less than the sum of (ia) an amount equal to $790,983,900 300,000,000 plus (iib) on a cumulative basis, 50% of positive Consolidated Net Income for each fiscal quarter (year beginning with the first full fiscal quarter ending after the Closing Date) for which Consolidated Net Income is a positive amount year ended December 31, 2000 plus (iiic) 50100% of Net Cash Proceeds received by the net cash proceeds from equity issuances of the Borrower after the Closing DateBorrower.