Minimum Tangible Capital Funds Sample Clauses

Minimum Tangible Capital Funds. On a consolidated basis, Tangible Capital Funds shall not be less than the following during any of the periods described below: Period Required Amount Closing Date through $6,500,000 September 29, 1997 September 30, 1997 through $7,250,000 December 30, 1997 December 31, 1997 through $9,500,000 December 30, 1998 December 31, 1998 through $14,000,000 the Maturity Date
Sample 1
AutoNDA by SimpleDocs
Minimum Tangible Capital Funds. Borrower shall have maintained Tangible Capital Funds of not less than Two Million Two Hundred Thousand Dollars ($2,200,000) as of the end of each fiscal quarter occurring prior to the Closing Date. Borrower shall maintain Tangible Capital Funds of not less than Nine Million Five Hundred Thousand Dollars ($9,500,000) as of the end of each fiscal quarter occurring from and after the Closing Date and prior to September 30, 2005. Borrower shall maintain Tangible Capital Funds of not less than Ten Million Five Hundred Thousand Dollars ($10,500,000) as of the end of each fiscal quarter occurring on and after September 30, 2005.
Sample 1
Minimum Tangible Capital Funds. At all times during the term of the Loans, Borrower will maintain Tangible Capital Funds of not less than $800,000.00. Borrower's compliance with this covenant shall be verified at the close of each fiscal quarter in accordance with generally accepted accounting principles consistently applied.
Sample 1
Minimum Tangible Capital Funds. At any time during any Fiscal Month specified on SCHEDULE 11.1(C) attached hereto, permit the sum of Net Worth (including, without duplication, any amount of equity contributed in cash to Heafxxx xxxm time to time on or after the Amendment No. 4 Effective Date, but excluding the effect of any gain or loss recognized by Heafxxx xx connection with the disposition of Winston, and excluding up to $3,379,000 attributable to an adjustment to deferred taxes of Heafxxx xxxulting in a negative adjustment to Net Worth effective December 30, 2000), plus the outstanding principal amount of the Senior Notes, minus the aggregate net book value of all intangible assets, to be less than the amount set forth opposite such Fiscal Month.
Sample 1
Minimum Tangible Capital Funds. Moro Acquisition will maintain Tangible Capital Funds of not less than $325,000 on the date hereof, $475,000 as of December 31, 2000, and $625,000 as of December 31, 2001 and thereafter. Moro Acquisition's compliance with this covenant shall be verified at the close of each fiscal quarter in accordance with generally accepted accounting principles consistently applied.
Sample 1
Minimum Tangible Capital Funds. The Borrower shall not permit Tangible Capital Funds at any time to be less than $60,000,000 plus fifty percent (50%) of Consolidated Net Income for each of the Borrower's fiscal years then ended commencing with the fiscal year ended December 25, 1999 and without giving effect to any fiscal year in which Consolidated Net Income is negative.
Sample 1
Minimum Tangible Capital Funds. Borrower shall maintain minimum Tangible Capital Funds of $6,000,000, which shall be increased by 50% of positive Net Income of the Borrower at the end of each fiscal year upon the receipt of the report required under Section 5.6 (d), but not subtracting any negative Net Income, except for the fiscal year ended December 31, 2003. For the fiscal year ended December 31, 2003, the $6,000,000 minimum Tangible Capital Funds shall be increased by 50% of positive Net Income of the Borrower with no subtraction for negative Net Income, for the period from July 1, 2003 through December 31, 2003. If the Patent Resolution Payment occurs prior to December 31, 2003, the Borrower shall exclude from the calculation of Tangible Capital Funds the actual after tax impact of the Patent Resolution Payment on Tangible Capital Funds up to $500,000 through December 31, 2003. If the Patent Resolution Payment occurs prior to June 30, 2004, the Borrower shall exclude from the calculation of Tangible Capital Funds the actual after tax impact of the Patent Resolution Payment on Tangible Capital Funds up to $250,000 from January 1, 2004 through June 30, 2004. Subsequent to June 30, 2004, there shall be no such exclusion.
Sample 1
AutoNDA by SimpleDocs
Minimum Tangible Capital Funds. Borrower shall have maintained Tangible Capital Funds of not less than Two Million Two Hundred Thousand Dollars ($2,200,000) as of the end of each [TEXTRON FINANCIAL] LENDING HELP BEYOND EXPECTATIONS. fiscal quarter occurring prior to the Closing Date. Borrower shall maintain Tangible Capital Funds of not less than Nine Million Five Hundred Thousand Dollars ($9,500,000) as of the end of each fiscal quarter occurring after the Closing Date.
Sample 1

Related to Minimum Tangible Capital Funds

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) 203,170,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Minimum Investment Subject to certain individual state requirements and except for shares issued pursuant to the DRIP, Shares may be sold only to investors who initially purchase a minimum of $5,000, subject to certain state requirements as described in the Prospectus. With respect to Selected Broker-Dealer’s participation in any resales or transfers of the Shares, Selected Broker-Dealer agrees to comply with any applicable requirements set forth in Section 2 and to fulfill the obligations pursuant to FINRA Rule 2310.

  • Minimum Adjusted Tangible Net Worth Seller shall not permit the Adjusted Tangible Net Worth of Seller (and, if applicable, its Subsidiaries, on a consolidated basis), computed as of the end of each calendar month, to be less than $25,000,000.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Aggregate Net Assets For each Lifecycle Portfolio, Aggregate Net Assets include the net assets of all the JHF II Lifecycle Portfolios and the net assets of all the JHT Lifecycle Trusts. The JHT Lifecycle Trusts are: the Lifecycle 2010 Trust, Lifecycle 2015 Trust, Lifecycle 2020 Trust, Lifecycle 2025 Trust, Lifecycle 2030 Trust, Lifecycle 2035 Trust, Lifecycle 2040 Trust, Lifecycle 2045 Trust and Lifecycle 2050 Trust. Lifestyle Portfolios Rates Applied to Aggregate Net Assets of the Fund of Funds (1) Fund of Funds Affiliated Fund Assets Other Assets First $7.5 billion Excess Over $7.5 billion First $7.5 billion Excess Over $7.5 billion Each Lifestyle Portfolio 0.050% 0.040% 0.500% 0.490%

  • Minimum Consolidated Tangible Net Worth (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.

  • Deficit Capital Accounts No Member will be required to pay to the Company, to any other Member or to any third party any deficit balance that may exist from time to time in the Member’s Capital Account.

  • Book Capital Accounts The Book Capital Account balance of each Holder shall be adjusted each day by the following amounts:

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!