Seller’s Net Worth. The Seller shall not permit the Seller’s Net Worth to be less than the Required Capital Amount.
Seller’s Net Worth. If any Subordinated Loan remains outstanding, the Seller shall not permit the Seller’s Net Worth to be less than the Required Capital Amount.
Seller’s Net Worth. Seller agrees to maintain a net worth of at least Ten Million Dollars ($10,000,000) at all times during the twelve (12) months following the Vessel Delivery Date.
Seller’s Net Worth. The Seller shall at all times maintain a Net Worth not less than the Required Capital Amount.
Seller’s Net Worth. Without limiting their obligations under applicable law or the indemnifications set forth in Section 8.01 hereof, for a period of at least two (2) years after Closing, the Sellers will maintain, in the aggregate, a minimum net worth equal to Eleven Million dollars ($11,000,000) and a minimum amount of cash, short-term investments and marketable securities equal to Eleven Million dollars ($11,000,000). Upon the request of Buyer from time to time after the Closing, the Sellers will provide financial statements or other reasonable evidence of their compliance with this covenant.
