Common use of Quarterly Net Worth Clause in Contracts

Quarterly Net Worth. The Borrower covenants that as of December 31, 2003, the Guarantor had a Book Net Worth of not less than $50,000,000.00. The Borrower covenants that, commencing with the fiscal quarter ending January 31, 2005 and continuing each quarter thereafter, the Guarantor shall not achieve a Book Net Worth decrease of more than the amounts set forth below as measured from the last day of the immediately preceding fiscal year. Maximum Net Quarter Ending Worth Decrease January 31, 2005 ($7,500,000.00 ) April 30, 2005 ($11,000,000.00 ) July 31, 2005 ($11,000,000.00 )

Quarterly Net Worth. The Borrower covenants that as of December 31, 2003, the Guarantor had a Book Net Worth of not less than $50,000,000.00. The Borrower covenants that, commencing with the fiscal quarter ending January July 31, 2005 2004 and continuing each quarter thereafter, the Guarantor shall not achieve a Book Net Worth decrease of more than the amounts set forth below as measured from the last day of the immediately preceding fiscal year. Maximum Net Quarter Ending Worth Decrease July 31, 2004 $ 6,000,000.00 October 31, 2004 $ 3,600,000.00 January 31, 2005 ($7,500,000.00 ) $ 6,200,000.00 April 30, 2005 ($11,000,000.00 ) $ 8,200,000.00 July 31, 2005 ($11,000,000.00 )$ 7,200,000.00

Quarterly Net Worth. The Borrower covenants that as of December July 31, 20032005, 2005, the Guarantor had a Book Net Worth of not less than $50,000,000.0051,721,950. The Borrower covenants that, commencing with the fiscal quarter ending January October 31, 2005 and continuing each quarter thereafter, the Guarantor shall not achieve a Book Net Worth decrease of more than the amounts set forth below as measured from the last day of the immediately preceding fiscal year. Quarter Ending Maximum Net Quarter Ending Worth Decrease January October 31, 2005 ($ 7,820,000.00 ) January 31, 2006 ($7,500,000.00 14,500,000.00 ) April 30, 2005 2006 ($11,000,000.00 17,500,000.00 ) July 31, 2005 2006 ($11,000,000.00 20,500,000.00 )

Quarterly Net Worth. The Borrower covenants that as of December July 31, 20032005, the Guarantor had a Book Net Worth of not less than $50,000,000.0051,721,950.00. The Borrower covenants that, commencing with the fiscal quarter ending January October 31, 2005 and continuing each quarter thereafter, the Guarantor shall not achieve a Book Net Worth decrease of more than the amounts set forth below as measured from the last day of the immediately preceding fiscal year. Quarter Ending Maximum Net Quarter Ending Worth Decrease January October 31, 2005 ($7,500,000.00 7,820,000.00 ) January 31, 2006 ($11,820,000.00 ) April 30, 2005 2006 ($11,000,000.00 11,820,000.00 ) July 31, 2005 2006 ($11,000,000.00 14,570,000.00 )