Net Worth Requirement definition
Net Worth Requirement means an aggregate Net Worth of at least Fifteen Million Dollars ($15,000,000).
Net Worth Requirement means an aggregate Net Worth of at least Ten Million Dollars ($10,000,000).
Net Worth Requirement means that Tenant shall maintain a net worth of at least Five Hundred Million and 00/100 Dollars ($500,000,000.00) in the equivalent of year 2016 dollars as calculated in accordance with generally accepted accounting principles consistently applied on a year-to-year basis. Tenant shall periodically demonstrate its compliance with the Net Worth Requirement, to Landlord’s satisfaction, upon request by Xxxxxxxx.
Examples of Net Worth Requirement in a sentence
The online application will automatically calculate whether or not your Total Net Worth Requirement has been satisfied.
The amount of your Total Net Tangible Capital (line 2) must be sufficient to meet your Total Net Worth Requirement (line 1).
The Carveout Obligor shall maintain a net worth (not including the value of any interest in the Real Property), at least equal to the Carveout Obligor Net Worth Requirement.
A Qualified Passive Interest Transfer is any transfer of a direct or indirect interest in the Borrower, if, following the transfer, (i) the Real Property remains under the Legal Control of the REIT; (ii) the REIT maintains Legal Control of the Borrower, and (iii) the Carveout Obligor meets the Net Worth Requirement.
Example: Computation of Net Worth Requirement for HMBS Program HECM Outstanding Obligation Minimum Requirement Liquidity Ginnie Mae requires Issuers to maintain appropriate levels of liquidity to meet and sustain their obligations under the MBS Program.
More Definitions of Net Worth Requirement
Net Worth Requirement means the lesser of (i) the aggregate net worth of the Original Carveout Obligors most recently represented to the Lender at the time of the approval of the Loan by AEGON’s Investments Committee and (ii) the principal balance of the Loan at the time of determination.
Net Worth Requirement means that the assets reflected on the most current Balance Sheet exceed the liabilities by at least $100 million. In the event of the assignment where the Net Worth Requirement has not been met or subletting by the Tenant, Tenant shall remain primarily liable with the new tenant, jointly and severally, for the payment of any and all Base Rent, Additional Rent and other amounts which may become due by the terms of this Lease and for the performance of all covenants, agreements and conditions on the part of Tenant to be performed hereunder. Tenant shall also pay to Landlord, from time to time, fifty percent (50%) of all rent and payments on account of expenses received as a result of the assignment or sublet which exceeds the rent and payments on account of expenses payable hereunder, net of any expenses incurred by Tenant related to such assignment or sublease. No such assignment shall be valid or effective unless (i) it is approved in advance in writing by Landlord where required pursuant to the terms hereof and (ii) the assignee enters into an agreement on Landlord’s form, providing, inter alia (a) as to assignee, that assignee be bound directly to the Landlord and (b) limiting the use of the Premises to the specific use allowed under this Lease. No modification of the terms of this Lease or any course of dealing between Landlord and any assignee or sublessee of the Tenant’s interest herein shall operate to release or impair Tenant’s obligations hereunder. The consent by Landlord to any assignment, mortgage, pledge or subletting shall not constitute a waiver of the necessity of such consent to any subsequent assignment or subletting. Tenant shall pay all Landlord’s reasonable attorneys’ fees and expenses incurred (in no event to exceed $2,500.00 per request) in connection with each Tenant’s request to assign or sublet under this Lease or Tenant’s request for Landlord to take any other action under this Section, whether or not Landlord withholds or provides its consent hereunder.
Net Worth Requirement means an aggregate Net Worth of at least Forty- five Million Dollars ($45,000,000).
Net Worth Requirement. Has the meaning specified in Section 4.01(d)(18).
Net Worth Requirement. The requirement that the consolidated Tangible Net Worth of the Reported Companies must be at least equal to $90,000,000 plus 50.00% of the aggregate amount of Consolidated Net Income of the Reported Companies for each of the fiscal quarters ending after June 30, 2001, but without deducting therefrom any amount of Consolidated Net Deficit for any of such fiscal quarters. All such amounts shall be calculated in accordance with generally accepted accounting principles except as otherwise specified herein.
Net Worth Requirement has the meaning given in the Terms Schedule attached hereto.
Net Worth Requirement means (i) for Transfer of a Major Phase or portions of a Major Phase that cumulatively equal or exceed a land area of seventy percent (70%) or more of the Major Phase, a Net Worth equal to or more than Seventy Five Million Dollars ($75,000,000), increased automatically by ten percent (10%) on each five (5) year anniversary of the Effective Date and (ii) for Transfers of one or more Sub-Phases that cumulatively equal less than seventy percent (70%) of the land area in a Major Phase, a Net Worth equal to or more than the higher of (A) Twenty Five Million Dollars ($25,000,000), increased automatically by ten percent (10%) on each five (5) year anniversary of the Effective Date or (B) the amount determined under clause (i) above times the percentage of the total land area in the Major Phase that is being Transferred. Any entity required to satisfy the Net Worth Requirement can do so either by either meeting the Net Worth Requirement itself or by providing a Guaranty, covering all of that entity’s obligations under this DDA without limitation, from an entity that meets the Net Worth Requirement.