Minimum Net Worth Requirement definition

Minimum Net Worth Requirement means a Net Worth (exclusive of the Properties) equal to One Hundred Million and No/100 Dollars ($100,000,000.00).
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Minimum Net Worth Requirement shall have the meaning set forth in Section 6.5 hereof.
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Minimum Net Worth Requirement shall be satisfied with respect to any Person at any date if the net worth (as determined in accordance with GAAP) of such Person, as of the end of the fiscal year of such Person ending on or immediately prior to such date, shall exceed $100,000,000, as evidenced by financial statements audited by a nationally recognized indpendent accounting firm.
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Examples of Minimum Net Worth Requirement in a sentence

  • Borrower will at all times maintain a net worth of at least the amount set forth in Section 8(b) of Schedule A as the Minimum Net Worth Requirement.

  • The Loan Parties shall not permit Consolidated Net Worth, calculated as of the end of each fiscal quarter, to be less than the Minimum Net Worth Requirement.

  • At all times until repayment in full of the Secured Obligations, Borrowers shall cause Guarantor to satisfy the Guarantor Minimum Net Worth Requirement and Guarantor Minimum Available Liquidity Requirement.

  • Borrower's failure for any reason to satisfy the Minimum Net Worth Requirement.

  • The insurance required by this paragraph (a) may be subject to such deductibles and the Tenant may self-insure with respect to the required coverage only to the extent approved in writing by the Landlord; provided, that no such approval shall be required for up to $100,000 of deductible or self-insurance so long as Tenant or a guarantor of Tenant's obligations under this Lease meets the Minimum Net Worth Requirement, or $10,000 of deductible or self-insurance, at all other times.

  • Borrower agrees to maintain the Minimum Net Worth Requirement at all times during the term of this Agreement.

  • Seller hereby covenants that, from the Closing Date through, and including, the date which is the later of (i) the last day of the Survival Period and (ii) the date on which any Post-Closing Claim timely commenced by Purchaser within the aforementioned 30 day period is resolved by a court of competent jurisdiction, it shall have and maintain a net worth of no less than $750,000.00 ("Minimum Net Worth Requirement").

  • At all times until repayment in full of the Secured Obligations, Guarantor shall satisfy the Guarantor Minimum Net Worth Requirement and the Guarantor Minimum Available Liquidity Requirement.

  • The maximum deductible shall be no greater than $100,000 per occurrence so long as Tenant or a guarantor of Tenant's obligations under this Lease meets the Minimum Net Worth Requirement, or $10,000 of deductible or self-insurance, at all other times.

  • Limited Guarantor shall fail to comply with the Minimum Net Worth Requirement (as defined in the Limited Guaranty).


More Definitions of Minimum Net Worth Requirement

Minimum Net Worth Requirement means, (A) with respect to Related, Net Worth equal to or greater than Three Hundred Million Dollars ($300,000,000.00), and (B) with respect to OPUSA, Net Worth equal to or greater than [Four Hundred Million Dollars ($400,000,000.00)].
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Minimum Net Worth Requirement has the meaning given in Section 8(a)(i).
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Related to Minimum Net Worth Requirement

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Minimum Tangible Net Worth means, with respect to the Parent, at any time, the sum of (a) $1,418,939,250 plus (b) 75% of the aggregate net proceeds received by the Parent or any of its Subsidiaries after September 30, 2013 in connection with any offering of Stock or Stock Equivalents of the Parent or its Subsidiaries; provided however, that any such net proceeds used solely for the purpose of redeeming the Parent’s preferred stock shall not be included in such sum.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Minimum Necessary means the least amount of PHI necessary to accomplish the purpose for which the PHI is needed.

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • performance requirement means a requirement that:

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Adjusted Net Worth of each Guarantor shall mean the greater of (x) the Net Worth (as defined below) of such Guarantor and (y) zero; and (iii) the “Net Worth” of each Guarantor shall mean the amount by which the fair saleable value of such Guarantor’s assets on the date of any Relevant Payment exceeds its existing debts and other liabilities (including contingent liabilities, but without giving effect to any Guaranteed Obligations arising under this Guarantee) on such date. Notwithstanding anything to the contrary contained above, any Guarantor that is released from this Guarantee pursuant to Section 18 hereof shall thereafter have no contribution obligations, or rights, pursuant to this Section 19, and at the time of any such release, if the released Guarantor had an Aggregate Excess Amount or an Aggregate Deficit Amount, same shall be deemed reduced to $0, and the contribution rights and obligations of the remaining Guarantors shall be recalculated on the respective date of release (as otherwise provided above) based on the payments made hereunder by the remaining Guarantors. All parties hereto recognize and agree that, except for any right of contribution arising pursuant to this Section 19, each Guarantor who makes any payment in respect of the Guaranteed Obligations shall have no right of contribution or subrogation against any other Guarantor in respect of such payment until all of the Guaranteed Obligations have been irrevocably paid in full in cash. Each of the Guarantors recognizes and acknowledges that the rights to contribution arising hereunder shall constitute an asset in favor of the party entitled to such contribution. In this connection, each Guarantor has the right to waive its contribution right against any Guarantor to the extent that after giving effect to such waiver such Guarantor would remain solvent, in the determination of the Required Lenders.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Net Worth means, with respect to any Person, an amount equal to, on a consolidated basis, such Person’s stockholder equity (determined in accordance with GAAP).

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.