Tangible Net Worth and Guarantor Net Worth. (a) The Company shall ensure that:
Tangible Net Worth and Guarantor Net Worth Sample Clauses
Related to Tangible Net Worth and Guarantor 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 Consolidated Tangible Net Worth (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.
