Common use of Minimum Tangible Net Worth Clause in Contracts

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010.

Minimum Tangible Net Worth. The Borrower shall will not at any time permit the Tangible Net Worth at any time of the Borrower to be less than (i) $582,332,000 350,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010Offering Proceeds.

Minimum Tangible Net Worth. The Borrower shall not at any time permit the Tangible Net Worth at any time to be less than (i) $582,332,000 1,900,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2012 by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 2,250,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 20102011.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 850,000,000.00 plus (ii) seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2020, by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiaryof its Subsidiaries plus (iii) fifty percent (50%) of positive Consolidated Earnings after June 30, 2010taxes earned in any fiscal quarter ended after the Agreement Date.

Minimum Tangible Net Worth. The Borrower shall not not, as of the last day of each fiscal quarter, permit the Tangible Net Worth at any time of the Borrower and its Subsidiaries determined on a consolidated basis to be less than (i) $582,332,000 350,000,000 plus (ii) 7580% of the Net Proceeds of all Equity Issuances effected at any time after June 30, 2006 by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 3,000,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30March 31, 20102012.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 $ plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010the Agreement Date.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 605,173,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30March 12, 20102012.

Minimum Tangible Net Worth. The Borrower shall not permit its Tangible Net Worth determined on a consolidated basis at the end of any time fiscal quarter to be less than (i) $582,332,000 736,788,750 plus (ii) 75% ninety percent (90%) of the Net Proceeds of all Equity Issuances effected at any time after the Effective Date by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 3,360,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30August 9, 2010.

Minimum Tangible Net Worth. The Borrower At no time shall not permit the Tangible Net Worth at any time to of the Borrower (on a consolidated basis) be less than the greater of (i) $582,332,000 plus 40,000,000, and (ii) seventy-five percent (75% %) of the Net Proceeds net proceeds of all any Equity Issuances effected Issuance (including, without limitation, the IPO) from and after the date of this Agreement by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010Parent.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 486,881,000 plus (ii) seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2018, by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiaryof its Subsidiaries plus (iii) fifty percent (50%) of positive Consolidated Earnings after June 30taxes earned in any fiscal quarter ended after December 31, 20102018.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 605,173,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010the Agreement Date.

Minimum Tangible Net Worth. The Borrower shall not permit its Tangible Net Worth determined on a consolidated basis at the end of any time fiscal quarter to be less than (i) $582,332,000 1,502,612,000, plus (ii) seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June since September 30, 20102011.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 400,000,000.00 plus (ii) seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2017, by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiaryof its Subsidiaries plus (iii) fifty percent (50%) of positive Consolidated Earnings after June 30taxes earned in any fiscal quarter ended after December 31, 20102017.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 2,095,995,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30March 31, 20102011.

Minimum Tangible Net Worth. The Borrower shall not not, as of the last day of each fiscal quarter, permit the Tangible Net Worth at any time of the Borrower and its Subsidiaries determined on a consolidated basis to be less than (i) $582,332,000 350,000,000 plus (ii) 7580% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2007, by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower shall will not permit its Tangible Net Worth at any time to be less than the sum of $2,000,000 plus 50% of Borrower's Net Income (ibut not loss) $582,332,000 for each fiscal quarter occurring after March 31, 2005, taken as a single accounting period plus (ii) 7585% of the Net Proceeds net cash proceeds from the sale of all any Equity Issuances effected by the Interests of Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30March 31, 20102005.

Minimum Tangible Net Worth. The Borrower shall not permit its Tangible Net Worth determined on a consolidated basis at the end of any time fiscal quarter to be less than (i) $582,332,000 1,502,612,000, plus (ii) seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010Issuances.

Minimum Tangible Net Worth. The Borrower shall not permit Tangible Net Worth at any time to be less than (i) $582,332,000 3,360,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010the Agreement Date.

Minimum Tangible Net Worth. The Borrower shall will not permit its Tangible Net Worth Worth, determined on a consolidated basis, at any time to be less than the sum of (i) $582,332,000 31,000,000, plus (ii) 75% seventy percent (70%) of the Net Proceeds from the issuance of all Equity Issuances effected by equity securities of Borrower after the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010Closing Date.

Minimum Tangible Net Worth. The Borrower shall not at any time permit the Tangible Net Worth at any time of Borrower and its Subsidiaries, on a consolidated basis, to be less than (ia) $582,332,000 33,739,570.00, plus (iib) 7590% of the Net Proceeds amount of all proceeds in cash or Property (net of transaction costs) received by Borrower from the sale or issuance by Borrower of Shares, options, warrants or other Equity Issuances effected by the Borrower Interests of any class or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) character after June 30, 20102003.

Minimum Tangible Net Worth. The Borrower shall not at any time permit the Tangible Net Worth at any time to be less than (i) $582,332,000 1,750,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower shall not at any time permit the Tangible Net Worth at any time of Borrower and its Subsidiaries, on a consolidated basis, to be less than (ia) $582,332,000 130,000,000.00, plus (iib) 7590% of the Net Proceeds amount of all proceeds in cash or Property (net of transaction costs) received by Borrower from the sale or issuance by Borrower of Shares, options, warrants or other Equity Issuances effected by the Borrower Interests of any class or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) character after June 30December 31, 20102008.

Minimum Tangible Net Worth. The Borrower shall not permit its Tangible Net Worth determined on a consolidated basis at the end of any time fiscal quarter to be less than (i) $582,332,000 717,647,000 plus (ii) 75% ninety percent (90%) of the Net Proceeds of all Equity Issuances effected at any time after the Effective Date by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower shall not at any time permit the Tangible Net Worth at any time of Borrower and its Subsidiaries, on a consolidated basis, to be less than (ia) $582,332,000 164,000,000.00, plus (iib) 7590% of the Net Proceeds amount of all proceeds in cash or Property (net of transaction costs) received by Borrower from the sale or issuance by Borrower of Shares, options, warrants or other Equity Issuances effected by the Borrower Interests of any class or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) character after June 30, 20102007.

Minimum Tangible Net Worth. The Borrower shall not at any time permit the Tangible Net Worth at any time to be less than (i) $582,332,000 1,750,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 by the Borrower or any Subsidiary (of its Subsidiaries to any Person other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010of its Subsidiaries.