Total Required Capital. At all times Pioneer will maintain a Consolidated Total Required Capital of at least Twelve Million Five Hundred Thousand Dollars ($12,500,000) plus fifty percent (50%) of the cumulative positive net income earned by Pioneer during each of its fiscal years ending subsequent to September 30, 2002.
Appears in 2 contracts
Samples: Senior Lending Agreement, Senior Lending Agreement (Pioneer Financial Services Inc)
Total Required Capital. At all times Pioneer will maintain a Consolidated Total Required Capital of at least Twelve Least Four Million Five Hundred Thousand Dollars ($12,500,0004,500,000.00) plus fifty percent (50%) of the cumulative positive net income earned by Pioneer during each of its fiscal years ending subsequent to September 30, 20021992.
Appears in 2 contracts
Samples: Senior Lending Agreement (Pioneer Financial Services Inc), Senior Lending Agreement (Pioneer Financial Services Inc)
