Minimum Required Amount means, as of any time, the sum of: (i) $25,000,000; plus (ii) fifty percent (50%) of Consolidated Net Income for each fiscal quarter of the Company (if Consolidated Net Income for such fiscal quarter is positive) completed on or after April 1, 1997.
Minimum Required Amount means (i) $600,000,000 during the Annual Measurement Period commencing on December 31, 2006, and (ii) during each Annual Measurement Period thereafter, an amount equal to the sum of (x) the Minimum Required Amount for the immediately preceding Annual Measurement Period PLUS (y) an amount equal to 50% of the cumulative positive Consolidated Net Income earned in the fiscal year completed during the immediately preceding Annual Measurement Period (but without subtraction for any negative Consolidated Net Income for any such fiscal year); PROVIDED, HOWEVER, in each case such Minimum Required Amount shall increase on the date of the issuance of capital securities (other than in connection with the Parent's Stock Compensation Program, Employee Stock Purchase Plan, Stock Award and Incentive Plan and any similar programs or plans) by the Parent by an amount equal to 100% of (A) the Net Cash Proceeds of such issuance and (B) the portion of the purchase price for any Acquisition paid by the Parent or any Subsidiary with the issuance of capital securities. As used herein the term "Annual Measurement Period" shall mean each period commencing on December 31 of a calendar year and ending on December 30 of the immediately subsequent calendar year.
Minimum Required Amount means, from the Closing Date through September 30, 2002, $125,000,000, and thereafter shall mean (x) the greater of (i) $125,000,000 or (ii) the Borrower's Tangible Net Worth as of September 30, 2002 less $40,000,000, plus (y) on and after January 1, 2003, 30% of the aggregate Net Income (without deduction for losses) earned during each fiscal quarter of the Borrower ending on and after December 31, 2002, plus (z) 80% of the amount of the Net Cash Proceeds received by the Borrower from any equity issuance by, or capital or equity contribution to, the Borrower after the Closing Date.
Examples of Minimum Required Amount in a sentence
Minimum required amount of bets in games from the sections Live Dealers, Video Poker, Tables and Other is a triple deposit amount.
Minimum required amount is either CHF 250,000 or any other minimum amount as decided from to time by the Board.
F-120.1.6.1.1.1 A copy of the certificate of insurance naming the permitting agency as additional insured is required.F-120.1.6.1.1.2 Minimum required amount of certificates of insurance for permit issuance is as follows: $1,000,000 for bodily injury, and $50,000 for property damage, per occurrence.
More Definitions of Minimum Required Amount
Minimum Required Amount means the contribution required to satisfy the minimum funding requirements of ERISA. For purposes of this paragraph, the minimum required contribution shall not include any additional contribution requirements or elections based upon the plan’s ratio of actuarial or market value of assets to the actuarial accrued liabilities measured for ERISA purposes. The minimum required amount shall be measured without regard to any prepayment credits that have been accumulated for ERISA purposes (i.e., prefunding balances).
Minimum Required Amount means $90,000,000 and shall increase as of July 1, 1996 and as of the first day of each fiscal quarter of the Borrower ending thereafter by an amount equal to 10% of positive Net Income from and after April 1, 1996.
Minimum Required Amount means (i) $190,000,000 for the period from and including the Closing Date through and including December 31, 2003 and (ii) during each Annual Measurement Period (as defined below) thereafter, an amount equal to the sum of (x) the Minimum Required Amount for the immediately preceding Annual Measurement Period plus (y) an amount equal to 50% of the cumulative positive Net Income earned in such immediately preceding Annual Measurement Period (but without subtraction for any negative Net Income for any such fiscal year); provided, however, that in each case such Minimum Required Amount shall increase on the date of the issuance of equity securities by the Borrower by an amount equal to 50% of the Net Cash Proceeds of such issuance. As used herein the term “Annual Measurement Period” shall mean each period commencing on January 1 of a calendar year and ending on December 31 of such calendar year.
Minimum Required Amount means $115,000,000 and shall increase (but never decrease) as of the last day of each fiscal quarter of the Borrower thereafter by an amount (if positive) equal to 80% of Net Income for the fiscal quarter then ended.
Minimum Required Amount means, during the Commitment Period, an amount which does not exceed $10,000,000.
Minimum Required Amount means (a) $22,000,000 through the close of the monthly accounting period of the Company ending on or about January 31, 1998, and (b) shall increase (but never decrease) as of the close of the monthly accounting period of the Company ending on or about February 28, 1998 and as of the close of each monthly accounting period of the Company occurring thereafter, in each case by an amount equal to 50% of Net Income (if positive) for the monthly accounting period then ended.
Minimum Required Amount means $300,000,000 and shall increase (but never decrease) by 60% of Net Cash Proceeds of any equity offering completed by any member of the Hub Group (other than an equity offering to another member of the Hub Group) after the Fourth Amendment Effective Date.