Tangible Net Worth Sample Clauses
Tangible Net Worth. The Seller will not permit its tangible net worth, at any time, to be less than $10,000,000.
Tangible Net Worth. The Borrower shall maintain at all times a positive Tangible Net Worth.
Tangible Net Worth. During the term of the Agreement, Seller, or Seller’s Guarantor, if applicable, shall be required to provide Buyer written financial information to determine the Seller’s, or Seller’s Guarantor’s Tangible Net Worth. Financial information shall include an audited “Annual Report”, containing, but not limited to, a balance sheet prepared in accordance with generally accepted accounting principles, a schedule of long term debt including maturity dates, and all notes to the financial statement that apply to long term debt, short term borrowing, and liquidity and capital resources. The Seller, or Seller’s Guarantor, shall also provide the Buyer written financial information on a quarterly basis containing a balance sheet prepared in accordance with generally accepted accounting principles. However, if Seller’s, or Seller’s Guarantor’s, if applicable, equity is publicly traded on the New York Stock Exchange, NASDAQ National Market, or American Stock Exchange, the Buyer will waive the requirement to provide written financial information.
Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth of not less than Seven Hundred Thousand Dollars ($700,000).
Tangible Net Worth. The Seller will maintain Tangible Net Worth at all times equal to at least 3% of the Outstanding Balance of the Receivables at such time.
Tangible Net Worth. The words “Tangible Net Worth” mean Borrower’s total assets excluding all intangible assets (i.e., goodwill, trademarks, patents, copyrights, organizational expenses, and similar intangible items, but including leaseholds and leasehold improvements) less total debt.
Tangible Net Worth. To maintain as of the end of each fiscal quarter, based on the financial results of each Borrower as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a combined Tangible Net Worth of not less than Five Hundred Million Dollars ($500,000,000.00)
Tangible Net Worth. Section 8.12 of the Credit Agreement is hereby amended to read in its entirety as follows:
Tangible Net Worth. Borrower’s Tangible Net Worth shall not at any time be less than the Minimum Tangible Net Worth; “
Tangible Net Worth. Borrower shall maintain at all times a Tangible Net Worth of not less than the sum of (A) Three Million Seven Hundred Fifty Thousand Dollars ($3,750,000.00), plus (B) a sum equal to the aggregate of fifty percent (50%) of the annual net income of the Borrower for each fiscal year of the Borrower (without reduction for any annual net losses) commencing with fiscal year 1997 through the date of determination, all as determined in accordance with GAAP.