Minimum Stockholders’ Equity. At all times it maintains, on a consolidated basis, minimum stockholder's equity equal to the aggregate of (i) $400,000,000, (ii) 50% of any new equity raised after Closing Date and (iii) 25% of the positive net income for the immediately preceding financial year; and
Appears in 1 contract
Samples: Agreement (Dorian LPG Ltd.)
Minimum Stockholders’ Equity. At all times it maintains, on a consolidated basis, minimum Minimum stockholder's equity equal to the aggregate of (i) $400,000,000, (ii) 50% of any new equity raised after Closing Date and (iii) 25% of the positive net income for the immediately preceding financial fiscal year; and
Appears in 1 contract
Samples: Senior Secured Bridge Loan Agreement (Dorian LPG Ltd.)
Minimum Stockholders’ Equity. At all times it maintains, on a consolidated basis, minimum stockholder's ’s equity equal to the aggregate of (i) $400,000,000, (ii) 50% of any new equity raised after the Original Closing Date and (iii) 25% of the positive net income for the immediately preceding financial year; and
Appears in 1 contract
Samples: Agreement (Dorian LPG Ltd.)
Minimum Stockholders’ Equity. At all times it maintains, on a consolidated basis, minimum stockholder's ’s equity equal to the aggregate of (i) $400,000,000, (ii) 50% of any new equity raised after Closing Date and (iii) 25% of the positive net income for the immediately preceding financial year; and
Appears in 1 contract
Samples: Agreement (Dorian LPG Ltd.)