Common use of STOCKHOLDERS' EQUITY Clause in Contracts

STOCKHOLDERS' EQUITY. Permit Stockholders' Equity, as of the last day of any Fiscal Quarter, to be less than the sum of (a) $832,500,000 plus (b) 35% of Net Income in the Fiscal Quarter ending September 30, 1998 and each Fiscal Quarter thereafter (with no deduction for a net loss in any such Fiscal Quarter) plus (c) 50% of the proceeds of any issuance by Borrower of equity securities (except to employees or former employees of Borrower pursuant to an employee stock option plan maintained by Borrower) subsequent to the Reference Date.

STOCKHOLDERS' EQUITY. Permit Stockholders' Equity, as of the -------------------- last day of any Fiscal Quarter, to be less than the sum of (a) $832,500,000 146,000,000, ------ plus (b) 3550% of Net Income in the each Fiscal Quarter ending September 30after January 2, 1998 and each Fiscal Quarter thereafter 1999 ---- (with no deduction for a net loss in any such Fiscal Quarter) plus (c) 50100% of ---- the proceeds of any issuance by Borrower of equity securities (except to ------ employees or former employees of Borrower pursuant to an employee stock option plan maintained by Borrower) subsequent to the Reference Closing Date.

STOCKHOLDERS' EQUITY. Permit Stockholders' Equity, as of the last day of any Fiscal Quarter, to be less than the sum of (a) $832,500,000 27,500,000, plus (b) 3590% of Net Income in the Fiscal Quarter ending September June 30, 1998 and each Fiscal Quarter thereafter (with no deduction for a net loss in any such Fiscal Quarter) plus (c) 5075% of the proceeds of any issuance by Borrower of equity securities (except to employees or former employees of Borrower pursuant to an employee stock option plan maintained by Borrower) subsequent to the Reference Closing Date.