Common use of Net Worth Clause in Contracts

Net Worth. Borrowers shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than (i) $102,000,000 plus (ii) 50% of Net Income for each fiscal quarter of Borrower ending after December 31, 2015, for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. Borrowers The Borrower shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than the sum of (ia) $102,000,000 65,000,000, plus (iib) 50% of Net Income for each fiscal quarter of the Borrower ending after December 31July 1, 20152000 (i.e., commencing with the fiscal quarter beginning July 2, 2000), for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. Borrowers The Borrower shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than the sum of (ia) $102,000,000 45,000,000, plus (iib) 50% of Net Income for each fiscal quarter of the Borrower ending on or after December June 30, 2005 (i.e., commencing with the fiscal quarter beginning March 31, 20152005), for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. Borrowers shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than (i) $102,000,000 $ plus (ii) 50% of Net Income for each fiscal quarter of Borrower ending after December 31on June 30, 2015, and thereafter for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. Borrowers shall The Borrower shall, at all times times, maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than the sum of (i) $102,000,000 plus 385,000,000 and (ii) 50% of Net Income (if positive) for each fiscal quarter of the Borrower ending on or after December March 31, 2015, 2007 (without deduction for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zerolosses).

Net Worth. Borrowers The Borrower shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than the sum of (ia) $102,000,000 100,000,000, plus (iib) 50% of Net Income for each fiscal quarter of the Borrower ending after December 31, 20152006, and thereafter, for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. Borrowers shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than (i) $102,000,000 59,000,000 plus (ii) 50% of Net Income for each fiscal quarter of Borrower ending on or after December 31June 30, 20152016, for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. Borrowers shall The Borrower shall, at all times during the periods set forth below, maintain Net Worth of Borrowers the Borrower and their the Subsidiaries determined on a consolidated basis in an amount not less than the sum of (i) $102,000,000 140,887,000, plus (ii) 50% of Net Income for each fiscal quarter year of the Borrower (commencing with the fiscal year ending after December 31on or about February 28, 2015, 2007) for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero)positive, plus (iii) 50% of the Net Cash Proceeds of any issuance of equity.

Net Worth. Borrowers The Borrower shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than the sum of (ia) $102,000,000 61,000,000 plus (iib) 50% of Net Income for each fiscal quarter of the Borrower ending on or after December 31, 20152002, for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income for such fiscal quarter then ended is less than zero).