Examples of Minimum Net Worth Amount in a sentence
In addition, the Corporation will not purchase or redeem any Junior Shares if such purchase or redemption would cause the net worth of the Corporation (determined in accordance with US GAAP), as of the last day of the most recently ended fiscal quarter and after giving affect to such purchase or redemption, to be less than the Minimum Net Worth Amount.
The Borrower will not permit the Consolidated Net Worth at any time to be less than the Applicable Minimum Net Worth Amount at such time.
The Minimum Net Worth Amount shall increase as of December 31, 1996 by an amount equal to eighty percent (80%) of Consolidated Net Income for the Fiscal Year ending December 31, 1996.
Steps taken to mitigate the risk that, as implemented and administered, non- personal services contracts may become de facto personal services contracts.
The Minimum Net Worth Amount shall further increase by Five Million Dollars ($5,000,000) (which would be Seventy Million Dollars ($70,000,000) plus the amount, if any, by which the Minimum Net Worth Amount was increased as of December 31, 1996 due to the previous sentence) commencing on the Fiscal Quarter ending March 31, 1997.