Parent Net Worth Sample Clauses

Parent Net Worth. (a) Each Parent shall at all times maintain a GAAP Net Worth in an amount sufficient to satisfy its known and potential obligations under this Agreement.
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Parent Net Worth. The Consolidated Net Worth of the Parent shall at all times not be less than the aggregate of:
Sample 1Sample 2
Parent Net Worth. The Borrower shall not permit the Total Shareholders’ Equity of Parent and its consolidated Subsidiaries at the end of any Fiscal Quarter to be less than the sum of $910,000,000 plus 50% of the Consolidated Net Income of Parent and its consolidated Subsidiaries calculated in accordance with GAAP on a consolidated basis since the Closing Date plus 50% of all equity issuance of the Parent since the Closing Date.
Sample 1
Parent Net Worth. As of the date hereof, Parent has, and through the later of (i) the Effective Time and (ii) the six month period following the Termination Date (as hereinafter defined), Parent will have, an aggregate net worth of at least $7,000,000 in the form of cash or cash equivalents, which amount the parties hereto agree is, and until FIIB has provided the equity financing to Parent pursuant to the Equity Commitment Letter (as hereinafter defined) or if later the Effective Time, shall be, an adequate capitalization for purposes of this Agreement, including, but not limited to, Section 8.14 hereof; provided, however, that if during such six month period Parent shall have been notified by the Company of a dispute concerning a breach of this Agreement by Parent or Sub and such dispute has not been finally resolved or disposed of at the end of such six month period, then such six month period shall be extended until such time as such dispute is finally resolved or disposed of in accordance with the terms hereof.
Sample 1
Parent Net Worth. (a) Cause Parent to maintain, as of (i) the end of each fiscal quarter from the Effective Date through the end of the term of the Parent Guaranty and (ii) the date that Parent incurs, creates, assumes, or permits to exist any Indebtedness, a Tangible Net Worth of not less than one hundred fifty percent (150%) of the Obligations.
Sample 1

Related to Parent Net Worth

  • Net Worth The term “net worth” means the excess of total assets over total liabilities (including personal and real property, but excluding the estimated fair market value of a person’s primary home).

  • Minimum Net Worth The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses).

  • Tangible Net Worth The Seller will not permit its tangible net worth, at any time, to be less than $10,000,000.

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) 203,170,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Minimum Adjusted Tangible Net Worth Seller shall not permit the Adjusted Tangible Net Worth of Seller (and, if applicable, its Subsidiaries, on a consolidated basis), computed as of the end of each calendar month, to be less than Fifty-Seven Million Dollars ($57,000,000).

  • Constant Net Asset Value If the Trust or any Series or Class holds itself out as a money market or stable value fund, the Trustees shall have the power to reduce the number of outstanding Shares of the Trust or such Series or Class by reducing the number of Shares in the account of each Shareholder on a pro rata basis, or to take such other measures as are not prohibited by the 1940 Act, so as to maintain the net asset value per share of the Trust or such Series or Class at a constant dollar amount.

  • Adjusted Net Worth The Guarantor will not permit Adjusted Net Worth as at the last day of any fiscal quarter of the Guarantor to be less than $1,000,000,000.

  • Liability Cap Subject to the Sections titled ‘Unlimited Liability’ and ‘Exclusion of Damages’, the maximum aggregate liability of either party (or its respective Affiliates or SAP’s subcontractors) to the other or any other person or entity for all events (or series of connected events) arising in the Contract Term will not exceed the fees paid for Individual Orders during the Contract Term up until the date upon which the incident occurred whereby liability arose.

  • Minimum Book Net Worth The Borrower will maintain, during each period described below and for each month thereafter, its consolidated Book Net Worth, determined as at the end of each month, at an amount not less than the amount set forth opposite such period (numbers appearing between “< >” are negative): Period Minimum Book Net Worth The month ending April 2, 2006 $24,480,000 The month ending April 30, 2006 $24,530,000 The month ending May 28, 2006 $24,525,000 The month ending July 2, 2006 $24,740,000 The month ending July 30, 2006 $24,750,000

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