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Net Worth Requirement Sample Clauses

Net Worth RequirementThe CONTRACTOR shall at all times be in compliance with the net worth requirements in the Insurance Code.
Net Worth Requirement. As of the close of business on the last Business Day prior to the Closing Date (the “RBF Measuring Date”), the Adjusted RBF Shareholders’ Equity shall not be less than $26,250,000 as determined in accordance with GAAP. For purposes of this Section 9.2(d), “Adjusted RBF Shareholders’ Equity” means the equity of RBF as set forth on the balance sheet of RBF on the RBF Measuring Date (excluding any Conforming Adjustments), minus any unrealized gains or plus any unrealized losses (as the case may be) in RBF’s securities portfolio due to xxxx-to-market adjustments as of the RBF Measuring Date and after adding the sum of (a) all fees and expenses of all attorneys, accountants, the RBF Financial Advisor and other advisors and agents for RBF and its Subsidiaries for services rendered solely in connection with the transactions contemplated by this Agreement and which do not exceed in the aggregate $300,000 (exclusive of reasonable costs paid to or advanced by such advisors, and exclusive of attorneys’ fees and expenses for preparing and filing the S-4 Registration Statement), and (b) the payments, if any, made by RBF under the Employment Agreement Termination Letters, and (c) the premiums, if any, paid by RBF for the D&O Insurance in accordance with Section 8.16(c) above.
Net Worth Requirement. As of the end of each fiscal quarter of CCPT IV, permit the sum of (i) Total Stockholders Equity plus Redeemable Common Stock, as reported on its 10-K or 10-Q SEC filings, and (ii) only until July 13, 2013, the principal amount of any Approved Subordinated Debt, to be less than $115,506,416.00 plus 75% of the Net Equity Contributions or sales of treasury stock received by CCPT IV after September 30, 2012.
Net Worth RequirementThe Borrower shall maintain a Net Worth of not less than THIRTY-SEVEN MILLION DOLLARS ($37,000,000.00) by the end of the 1998 fiscal year. The Tangible Net Worth must not be less than a negative ($3,000,000) at the end of the 1998 fiscal year end and a negative ($3,000,000) plus 25% of the net income at the end of the 1999 fiscal year and all subsequent years and at all times thereafter.
Net Worth Requirement. Mxxxxx Investors, Inc. hereby represents and warrants to Purchaser that it has, and for a period of three (3) years after the Closing it shall maintain, a net worth of at least Eight Million ($8,000,000) Dollars.
Net Worth RequirementThe Net Worth of the Borrower shall be --------------------- at least the amount set forth opposite each period during which the requested Loans are to be made: Period Required Net Worth ------ ------------------ Closing Date - 12/30/98 $30,000,000 12/31/98 - 12/30/99 $33,000,000 12/31/99 - 12/30/00 $36,000,000 12/31/00 and thereafter $39,000,000 Each Borrowing by the Borrower hereunder shall constitute a representation and warranty by the Borrower as of the date of such Borrowing that the conditions contained in this Section 4.2 have been satisfied.
Net Worth RequirementConsolidated Net Worth at any time to be less than the greater of (i) $250,000,000 or (ii) an amount equal to 65% of Consolidated Net Worth as of the end of the fiscal year of the Company most recently ended prior to the date of determination of compliance with this paragraph 6A(2);
Net Worth RequirementThe Guarantor shall maintain a Net Worth of not less than THIRTY-SEVEN MILLION DOLLARS ($37,000,000.00) by the end of the 1998 fiscal year. The Tangible Net Worth must not be less than a negative ($3,000,000) at the end of the 1998 fiscal year end and a negative ($3,000,000) plus 25% of the net income at the end of the 1999 fiscal year and all subsequent years and at all times thereafter.
Net Worth Requirement. Beginning from the third year after the Effective Date, --------------------- Newco will maintain, a valuation of [*], or a market capitalization of at least [*]. The valuation of Newco will be [*]. If Newco has not had a [*], the valuation will be determined by a neutral third party, having experience in such type of determination, by analyzing the market capitalization or valuation of similarly-situated companies. Valley's exclusive remedy for Newco's breach of this net worth covenant will be: (i) discussing with Newco regarding the steps to be taken by Newco to ensure that Newco will comply with its net worth requirement; or (ii) if Newco is not in compliance with the net worth requirement at the end of the fifth year from the Effective Date, Valley may terminate this agreement and the Other Agreements and surrender any shares of Newco stock in its possession at that time to Newco.
Net Worth Requirement. Maintain its Adjusted Net Worth as of March 31, 1999, which shall not be less than $4,000,000.00 at that time, and each calendar quarter thereafter, increasing on an annual basis by 70% of positive annual Net Income beginning the year ending December 31, 1999. "Exhibit A-1," the form of Revolving Note attached to the Loan Agreement, as amended and restated pursuant to the Third, Fourth and Fifth Amendments is hereby replaced with Exhibit "A-1" attached to this Sixth Amendment. "Exhibit B," the form of Compliance Certificate attached to the Loan Agreement, as amended by the Third, Fourth and Fifth Amendments, is hereby replaced with Exhibit "B" attached to this Sixth Amendment. "Schedule 1.01(a), Collateral" attached to the Loan Agreement, as amended by the Second, Third, Fourth, and Fifth Amendments, is hereby amended by deleting the reference to Pledged Certificates of Deposit in subpart (b) at the end of the section entitled "Tanknology-NDE International, Inc." "Schedule 3.10, Collateral Documents" attached to the Loan Agreement, as amended by the Fourth and Fifth Amendments, is hereby further amended by adding the following information to the identified subpart: