87 C Sample Clauses

87 C. Consolidated Net Worth (Section 6.3 of the Credit Agreement) (1) Consolidated Net Worth as of the date of determination $______________ (2) Consolidated Net Worth as of September 30, 1997 $______________ [TO BE FILLED IN PRIOR TO CLOSING] (3) Eighty percent (80%) of the aggregate of positive Consolidated Net Income from September 30, 1997 to the date of determination $______________ (4) Eighty percent (80%) of the aggregate amount of capital increases resulting from the issuance of equity securities since September 30, 1997 $______________ (5) Minimum required Consolidated Net Worth Add Lines 2, 3 and 4 $______________
87 C to consent to the amendment of the provisions contained herein and the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Article 13 hereof; or (D) to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate principal amount of the Outstanding Securities under any other provision of this Indenture or under applicable law. SECTION 15.02 CALL OF MEETINGS BY TRUSTEE The Trustee may at any time call a meeting of Holders to take any action specified in Section 15.01, to be held at such time and at such place in the State of New York, as the Trustee shall determine. Notice of each meeting of the Holders of Securities, setting forth the time and the place of such meeting and, in general terms, the action proposed to be taken at such meeting, shall be mailed by the Trustee to the Holders, not less than 20 nor more than 60 days prior to the date fixed for the meeting, at their last addresses as they shall appear on the Security Register. SECTION 15.03 CALL OF MEETINGS BY COMPANY OR SECURITYHOLDERS If at any time the Company, pursuant to a Board Resolution, or the Holders of at least 20 percent in aggregate principal amount of the Outstanding Securities, shall have requested the Trustee to call a meeting of Holders to take any action authorized in Section 15.01 hereof, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed notice of such meeting within 20 days after receipt of such request, then the Company or the Holders in the amount above specified may determine the time and the place in the State of New York for such meeting, and may call such meeting by mailing notice thereof as provided in Section 15.02. SECTION 15.04 PERSON ENTITLED TO VOTE AT MEETING To be entitled to vote at any meeting of Holders, a Person shall be a Holder or be a Person appointed by an instrument in writing as proxy by a Holder. The only Persons who shall be entitled to be present or speak at any meeting of the Holders shall be the Persons entitled to vote at such meeting and their counsel and any representatives of the Company and its counsel. SECTION 15.05 REGULATIONS FOR MEETING Notwithstanding any provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders in regard to the appointment of proxies, the proof of the holding of Securities, the appoint...