Minimum Stockholders’ Equity. After the Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $394,077,101 plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Effective Date.
Minimum Stockholders’ Equity. The Borrower will not permit Stockholders’ Equity at the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 55% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) the sum of (x) $200,000,000 plus (y) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Effective Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).
Minimum Stockholders’ Equity. The Borrower will not allow its Consolidated Stockholders’ Equity to fall below the Minimum Stockholders’ Equity.
Minimum Stockholders’ Equity. The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 55% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) the sum of (x) $210,830,000 plus (y) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Amendment No. 1 Effective Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).
Minimum Stockholders’ Equity. After the First Amendment Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 40% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) the sum of (x) $540,000,000, plus (y) 60% of the aggregate net proceeds of (A) all sales of Equity Interests by the Borrower after the First Amendment Effective Date and (B) all capital contributions to and investments in the Borrower by the Parent after the First Amendment Effective Date, minus (z) 60% of the aggregate net proceeds of all Refinancing Distributions.
Minimum Stockholders’ Equity. The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 55% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP, but excluding from such calculation the portion of the assets of any SBIC Subsidiary that is financed with indebtedness) and (ii) the sum of (x) $210,830,000 plus (y) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Amendment No. 15 Effective Date (other than the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).
Minimum Stockholders’ Equity. Stockholders' Equity will at no time be less than the sum of (i) $180,000,000, as of the Fiscal Quarter ended closest to December 31, 1996 (the "Base Fiscal Quarter"), plus (ii) fifty percent (50%) of Consolidated Net Income (if positive) for each Fiscal Quarter subsequent to the Base Fiscal Quarter; plus, without duplication, (iii) seventy-five percent (75%) of any net proceeds received by Borrower from any offering of equity securities (other than Redeemable Preferred Stock) by Borrower subsequent to the Closing Date; plus, without duplication, (iv) seventy-five percent (75%) of any net proceeds received by Borrower from any conversion of debt into equity subsequent to the Closing Date; plus, without duplication, (v) seventy-five percent (75%) of any adjustment to equity due to any pooling of interests occurring subsequent to December 31, 1996; plus, without duplication, (vi) seventy-five percent (75%) of any increase in Stockholders' Equity resulting from the issuance or exchange of any equity securities in furtherance of any acquisition constituting a permitted investment under Section 5.19.
Minimum Stockholders’ Equity. After the Original Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the sum of (i) (x) prior to the OCSI Merger Date, $550,000,000 and (y) on and after the OCSI Merger Date, $600,000,000, plus (ii) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower after the Amendment No. 2
Minimum Stockholders’ Equity. The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 55% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) the sum of (x) $95,074,802.70 plus (y) 50% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Effective Date (other than (a) the proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries, (b) proceeds of any distribution reinvestment plan used to redeem or repurchase Equity Interests of the Borrower and (c) the net cash proceeds received by the Borrower from any issuance of any Equity Interest of the Borrower that have been applied in accordance with Section 6.05(e)).
Minimum Stockholders’ Equity. The Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 45% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) the sum of (x) $120,000,000 plus (y) 65% of the aggregate net proceeds of all sales of Equity Interests by the Borrower and its Subsidiaries after the Restatement Effective Date.
