Minimum Tangible Net Worth Covenant. WLH will maintain at all times, on a consolidating basis, a minimum Tangible Net Worth equal to or greater than $175,000,000.00.
Minimum Tangible Net Worth Covenant. Section 6.15.4 of the Loan Agreement is hereby amended by deleting the phrase "March 31, 2010" and replacing it with the phrase "December 31, 2011".
Minimum Tangible Net Worth Covenant. Section 9.9(a) of the Credit Agreement is hereby deleted and restated as follows:
Minimum Tangible Net Worth Covenant. Minimum Tangible Net Worth" shall be an amount equal to or greater than the sum of the following: (i) eighty five percent (85%) of Tangible Net Worth as of Mxxxx 00, 0000, (xx) fifty percent (50%) of Net Income reported in each successive Fiscal Quarter with no deduction for any losses reported for such Fiscal Quarter, (iii) one hundred percent (100%) of the net proceeds from any additional equity offering in excess of Five Million and 00/100 Dollars ($5,000,000.00), (iv) fifty percent (50%) of any incremental additive equity associated with any Acquisition, and (v) one hundred percent (100%) of any new unsecured Subordinated Debt.
Minimum Tangible Net Worth Covenant. Guarantor shall maintain a Tangible Net Worth of at least $175,000,000.00 plus fifty percent (50%) of Guarantor’s net profit after tax on a cumulative basis, commencing as of December 31, 2003.
Minimum Tangible Net Worth Covenant. The minimum Tangible Net Worth of WLH, on a consolidated basis but without duplication, is ;
Minimum Tangible Net Worth Covenant. The minimum Tangible Net Worth of Borrower, on a consolidated basis but without duplication, is ;
Minimum Tangible Net Worth Covenant. “Minimum Tangible Net Worth” shall be an amount equal to or greater than the sum of the following: (i) eighty five percent (85%) of Tangible Net Worth as of June 30, 2018, (ii) fifty percent (50%) of Net Income reported in each successive Fiscal Quarter with no deduction for operating losses reported for such Fiscal Quarter, (iii) one hundred percent (100%) of the net proceeds from any additional equity offering in excess of Five Million and 00/100 Dollars ($5,000,000.00), and (iv) fifty percent (50%) of any incremental additive equity associated with any Acquisition, less the Merger Shareholder Equity Reduction and less Fleet Renewal Expenses.
Minimum Tangible Net Worth Covenant. Borrower shall maintain a minimum Tangible Net Worth of Two Million Five Hundred Thousand Dollars ($2,500,000) at the end of fiscal year 2000, and shall increase said Tangible Net Worth by One Hundred Thousand Dollars ($100,000) at each successive fiscal year end thereafter, tested annually. The term "Tangible Net Worth" shall be defined as net worth less intangible assets. Intangible assets shall be defined as copyrights, patents, trademarks and goodwill.
Minimum Tangible Net Worth Covenant. Guarantor shall maintain a Tangible Net Worth of at least $90,000,000.00.”
