Common use of Net Worth Clause in Contracts

Net Worth. Maintain, as at the end of each fiscal quarter of the Borrower, Consolidated Net Worth at an amount not less than $3,800,000,000 plus 50% of the cumulative amount of Net Income for each fiscal quarter ended after December 31, 2000 and excluding any such fiscal quarter for which Net Income shall have been negative.

Net Worth. Maintain, Borrower shall maintain a Consolidated Net Worth as at of the end of each fiscal quarter in an amount at least equal to the sum of Nineteen Million Eight Hundred Forty-Three Thousand and No/100 ($19,843,000.00), plus any Net Equity Proceeds, plus eighty-five percent (85%) of the Borrower, Consolidated Net Worth at an amount not less than $3,800,000,000 plus 50% of the cumulative amount of Net Income net income for the fiscal quarter ending June 30, 1996 and for each fiscal quarter ended after December 31thereafter, 2000 and excluding any such fiscal quarter without adjustment for which Net Income shall have been negativenet losses.

Net Worth. Maintain, as at the end of each fiscal quarter of the Borrower, Consolidated Net Worth at an amount not less than $3,800,000,000 plus 50% of the cumulative amount of aggregate Net Income of the Borrower and the Subsidiaries for each fiscal quarter of the Borrower ended after December 31, 2000 and 2000, excluding any such fiscal quarter for which Net Income shall have been negative.

Net Worth. Maintain, as at the end of each fiscal quarter of the Borrower, Consolidated Net Worth at an amount not less than $3,800,000,000 plus 50% of the cumulative amount of Net Income for each fiscal quarter ended after December 31, 2000 2000, and excluding any such fiscal quarter for which Net Income shall have been negative.

Net Worth. Maintain, as at At the end of each fiscal quarter of Fiscal Quarter hereunder commencing December 31, 2003, the Borrower, Borrower shall maintain Consolidated Tangible Net Worth at greater than or equal to the sum of $87,000,000 plus (i) an amount not less than $3,800,000,000 plus equal to 50% of the cumulative amount of Net Income Borrower’s Consolidated net income (if positive) for each fiscal quarter ended Fiscal Quarter ending after December 31, 2000 and excluding any such fiscal quarter for which 2003 plus (ii) one hundred percent (100%) of the Net Income shall have been negativeProceeds of each Equity Offering occurring after the Closing Date.

Net Worth. Maintain, as at At the end of each fiscal quarter of Fiscal Quarter hereunder commencing June 30, 2006, the Borrower, Borrower shall maintain Consolidated Tangible Net Worth at greater than or equal to the sum of $90,000,000 plus (i) an amount not less than $3,800,000,000 plus equal to 50% of the cumulative amount of Net Income Borrower’s Consolidated net income (if positive) for each fiscal quarter ended Fiscal Quarter ending after December 31June 30, 2000 and excluding any such fiscal quarter for which 2006 plus (ii) one hundred percent (100%) of the Net Income shall have been negativeProceeds of each Equity Offering occurring after the Closing Date.

Net Worth. Maintain, The Borrower will maintain Consolidated Net Worth as at of the end of each fiscal quarter of the Borrower, Consolidated Net Worth at an amount not less than the sum of (a) $3,800,000,000 95,000,000, plus 50(b) 25% of the Consolidated Net Income, calculated on a cumulative amount of Net Income basis, for each of the fiscal years and each interim fiscal quarter ended of the Borrower commencing after December 31September 30, 2000 and excluding 1993; provided, that for purposes of this Section 5.7, Consolidated Net Losses in any such fiscal year or interim fiscal quarter for which shall not be applied to reduce such accumulated Consolidated Net Income shall have been negativeIncome.

Net Worth. Maintain, as As at the end of each any fiscal quarter or any other date of measurement, the Borrower, Consolidated Net Worth at an amount of the Borrower and its Subsidiaries shall not be less than $3,800,000,000 plus 50% of the cumulative amount of Net Income for each fiscal quarter ended after December 31, 2000 and excluding any such fiscal quarter for which Net Income shall have been negative3,500,000,000.