Tangible Capital Funds. The Borrower and each of the Subsidiary Guarantors, on a consolidated basis, will attain a Tangible Capital Funds of not less than the following amounts as of the following dates: DATE AMOUNT March 31, 1997 $47,000,000 June 30, 1997 $48,000,000 September 30, 1997 $49,000,000 December 31, 1997 $51,600,000 March 31, 1998 $52,000,000 June 30, 1998 $54,000,000 September 30, 1998 $56,000,000 December 31, 1998 $58,300,000 March 31, 1999 $59,000,000 June 30, 1999 $62,500,000 September 30, 1999 $64,000,000 December 31, 1999 $67,000,000 March 31, 2000 $69,000,000 June 30, 2000 $73,000,000 September 30, 2000 $75,000,000 December 31, 2000 $77,500,000 March 31, 2001 $79,000,000 June 30, 2001 $81,000,000 September 30, 2001 $85,000,000 December 31, 2001 $88,000,000
Tangible Capital Funds. Permit as of each fiscal quarter end, the Borrower and its subsidiaries' Tangible Capital Funds to be less than $3,500,000.00.
Tangible Capital Funds. Permit or suffer Consolidated Tangible Capital Funds of the Parent Guarantor and its Subsidiaries at any time to be less than the amount equal to (i) $9,000,000 at all times prior to the end of the Parent Guarantor's fiscal year ending on or about April 1, 2005 or (ii) $9,500,000 as of the end of the Parent Guarantor's fiscal year ending on or about April 1, 2005 and at all times thereafter.
Tangible Capital Funds. The Company will not permit or suffer Tangible Capital Funds to at any time be less than the sum of (a) $450,000,000 plus (b) 66-2/3% of Net Income Minus Preferred Dividends for the period from January 1, 1998 through the then latest fiscal year end of the Company; provided that for purposes of this Section 7.7, Net Income shall exclude the pre-tax amount attributable to recognition of the Deferred Trimas Gain and the Deferred MSX Gain or any portion thereof as income.
Tangible Capital Funds. (a) Cause or permit its consolidated Tangible Capital Funds to be less than:
Tangible Capital Funds. The term "Tangible Capital Funds" means the sum of Tangible Net Worth plus Subordinated Debt.
Tangible Capital Funds. Permit its Tangible Capital Funds to be less than $225,000 on or after March 31, 1998, increasing on the last day of each month thereafter by 100% of net income for that month until the ratio of the Borrower's total liabilities to its Tangible Capital Funds is 3.00 to 1.00 or less.
Tangible Capital Funds. The Borrower, Xxxxx UK, NIM Holdings and the Subsidiary Guarantors, on a consolidated basis, will attain a Tangible Capital Funds of not less than the following amounts as of the following dates: Date Amount ---- ------ June 30, 2000 $80,000,000 September 30, 2000 $83,000,000 December 31, 2000 $85,000,000 March 31, 2001 $87,000,000 June 30, 2001 $92,500,000 September 30, 2001 $98,000,000 December 31, 2001 and all $100,000,000 times thereafter Notwithstanding the foregoing, if the amount of actual goodwill attributed to Poly-Seal at the time of closing and consummation of the Poly-Seal Stock Purchase Transaction exceeds $27,000,000 (the "Excess Goodwill"), the required levels of Tangible Capital Funds set forth above shall be reduced by the amount of such Excess Goodwill; alternatively, if the amount of actual goodwill attributed to Poly-Seal at the time of closing and consummation of the Poly-Seal Stock Purchase Transaction is less than $27,000,000 (the "Deficiency Goodwill"), the required levels of Tangible Capital Funds as set forth above shall be increased by the amount of such Deficiency Goodwill.
Tangible Capital Funds. Permit or suffer consolidated Tangible Capital Funds of the Guarantor and its Subsidiaries to be less than $25,000,000 at any time.
Tangible Capital Funds. Based on the financial statements required to be submitted pursuant to Section 8.1.3 hereof, maintain Tangible Capital Funds of at least the following on the following dates: DATE MINIMUM LEVEL ---- ------------- June 30, 2004 $500,000 September 30, 2004 $600,000 December 31, 2004 $700,000 March 31, 2005 $800,000 Thereafter, the minimum Tangible Capital Funds shall be as determined by Lender in its sole and absolute discretion.
