Required Net Worth Sample Clauses

Required Net Worth. The Guarantors shall maintain at all times during the term of the Loan a combined minimum Net Worth in an aggregate amount equal to not less than $20,000,000, which shall be tested semi-annually as of June 30 and December 31 of each year. For the purposes hereof, the term "Net Worth" shall mean, at the time of determination, the excess of the tangible assets of the Guarantors over the Guarantors' liabilities, as reasonably determined by the Lender.
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Required Net Worth. 1. Net Worth measured as at the Closing Date 12 $____________ 2. 80% of B.1 $____________ 3. Quarterly net income (with no deduction for net losses) for: (i) fiscal quarter ending after Closing Date $____________ (ii) fiscal quarter ending ______________ $____________ (iii) fiscal quarter ending ______________ $____________ (iv) fiscal quarter ending ______________ $____________ [Add additional fiscal quarters for each fiscal quarter completed] 4. Sum of all amounts in B.3 $____________ 5. 50% of B.4 $____________
Sample 1
Required Net Worth. As of the Computation Date, on a consolidated basis for the Borrower and its Restricted Subsidiaries: (a) (i) prior to the consummation of the ACS Acquisition: $80,000,000
Sample 1
Required Net Worth. For so long as any Notes or Certificates shall remain outstanding, the Depositor shall take all actions necessary to maintain its net worth (exclusive of its interest in the Trust) equal to $2,635,000 or such other amount as satisfies the then existing Internal Revenue Service guidelines concerning the net worth requirements for general partners of partnerships, as set forth in Revenue Procedure 92-88 or successor pronouncements.
Sample 1
Required Net Worth. If on any date the Issuer Net Worth is less than the Required Net Worth (as such terms are defined in the Terms Supplement for the Series 2000-1 Notes), the Issuer may cure such condition by depositing cash into the Principal and Interest Account or by delivering loans to the Indenture Trustee. Any cash so deposited shall be deemed Principal Collections and any delivery of loans shall comply with the provisions of Article II. Upon the delivery of a loan, such loan shall be deemed a Commercial Loan and subject to the provisions of the Basic Documents. 8. Appendix A is hereby amended as follows: (a) The definition of "Borrowing Base" is hereby amended by deleting from such definition the provisions added thereto by Amendment No. 1 to Sale and Servicing Agreement dated as of September 1, 2000.
Sample 1
Required Net Worth. ​ ​ ​ 3 Total Assets and Total Liabilities shall also exclude an asset or liability created by Hedge Ineffectiveness and the Swap Termination Value. ​ ​ ​
Sample 1
Required Net Worth. As of the Computation Date, on a consolidated basis for the Borrower and its Restricted Subsidiaries: (a) $42,500,000 (b) 50% of the aggregate Net Income for the period commencing on the Closing Date and ending on the last day of the Fiscal Quarter ending on or immediately prior to the Computation Date..................................................$_______ (c) 80% of net equity cash proceeds received after the Effective Date..................................................$_______ (d) Required Net Worth: The sum of Item(2)(a), Item 2(b) and Item 2(c):................................................ $_______ ATTACHMENT 4 (to__/__/__Compliance Certificate) FIXED CHARGE COVERAGE RATIO for the Fiscal Quarter, ending on ____,____(the "Computation Date")
Sample 1
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Related to Required Net Worth

  • 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 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.

  • Consolidated Net Worth Borrower will at the end of each fiscal quarter maintain Consolidated Net Worth in an amount of not less than the sum of (i) $625,000,000 plus (ii) fifty percent (50%) of the aggregate Consolidated Net Income, if positive, for the period beginning January 1, 2005 and ending on the last day of such fiscal quarter.

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Minimum Net Worth The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $176,177,600 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending September 30, 2000 (without deduction for losses) plus (iii) the amount of any addition to the consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.

  • Consolidated Tangible Net Worth The net worth of Seller and its consolidated subsidiaries, on a combined basis, determined in accordance with GAAP, minus (ii) all intangibles determined in accordance with GAAP (including goodwill, capitalized financing costs and capitalized administration costs but excluding originated and purchased mortgage servicing rights or retained residual securities) and any and all advances to, investments in and receivables held from affiliates; provided, however, that the non-cash effect (gain or loss) of any xxxx-to-market adjustments made directly to stockholders’ equity for fluctuation of the value of financial instruments as mandated under the Statement of Financial Accounting Standards No. 133 (or any successor statement) shall be excluded from the calculation of Consolidated Tangible 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 Book Net Worth The Borrower will maintain its Book Net Worth, determined as of the end of each Accounting Period ending on or about the dates listed below, of not less than the amount set forth opposite such date: DATE MINIMUM BOOK NET WORTH ---------- ---------------------- 3/31/2001 $13,000,000 4/30/2001 $12,800,000 5/31/2001 $12,625,000 6/30/2001 $12,425,000 7/31/2001 $11,950,000 8/31/2001 $11,825,000 9/30/2001 $11,925,000 10/31/2001 $12,125,000 11/30/2001 $13,500,000 12/31/2001 $14,200,000

  • Minimum Consolidated Tangible Net Worth The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $750,000,000.00, plus (ii) seventy-five percent (75%) of the sum of (A) any additional Net Offering Proceeds after the date of this Agreement, plus (B) the value of interests in the Borrower or interests in REIT issued upon the contribution of assets to the Borrower or its Subsidiaries.

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

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