Common use of Minimum Stockholders’ Equity Clause in Contracts

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. After the First RestatementFirst 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 RestatementFirst Amendment Effective Date and (Bof(B) all capital contributions to and investments in the Borrower by the Parent after the First RestatementFirst Amendment Effective Date, minus (z) 60% of the aggregate net proceeds of all Refinancing Distributions.

Minimum Stockholders’ Equity. After the First FirstSeventh 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) $540,000,000540,000,000 667,400,000, plus (y) 60% of the aggregate net proceeds of (A) all sales of Equity Interests by the Borrower after the First FirstSeventh Amendment Effective Date and (B) all capital contributions to and investments in the Borrower by the Parent after the First FirstSeventh Amendment Effective Date, minus (z) 60% of the aggregate net proceeds of all Refinancing Distributions.