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.
Appears in 2 contracts
Samples: Borrowing Base Revolving Line of Credit Agreement, Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
Minimum Tangible Net Worth Covenant. WLH will maintain at all timesmaintain, on a consolidating basis, a minimum Tangible Net Worth equal to or greater than than: (a) $175,000,000.00200,000,000.00 plus (b) fifty percent (50%) of WLH’s Net Income on a cumulative basis commencing as of June 30, 2004.
Appears in 1 contract
Samples: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
Minimum Tangible Net Worth Covenant. WLH will maintain at all timesmaintain, on a consolidating basis, a minimum Tangible Net Worth equal to or greater than than: (a) $175,000,000.00357,800,000.00 plus (b) fifty percent (50%) of WLH’s quarterly Net Income on a cumulative basis commencing as of March 31, 2006.
Appears in 1 contract
Samples: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
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 $175,000,000.0090,000,000.00.
Appears in 1 contract
Samples: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
Minimum Tangible Net Worth Covenant. WLH will maintain at all timesmaintain, on a consolidating basis, a minimum Tangible Net Worth equal to or greater than $175,000,000.00.”
Appears in 1 contract
Samples: Second Extension and Modification Agreement (William Lyon Homes)
