Common use of Adjusted Consolidated Net Worth Clause in Contracts

Adjusted Consolidated Net Worth. PLC will maintain at all times Adjusted Consolidated Net Worth equal to not less than the sum of (i) 70% of PLC’s Adjusted Consolidated Net Worth as of September 30, 2021 (but in no event less than $4,500,000,000) plus (ii) 25% of its Consolidated Net Income (if positive) earned after September 30, 2021 minus (iii) PLC’s consolidated allowance for potential future losses on investments at the end of such fiscal quarter not otherwise included for unrealized net gains and losses on assets held for sale pursuant to FASB ASC 320 and accumulated other comprehensive income pursuant to FASB ASC 220 at the end of such fiscal quarter.

Adjusted Consolidated Net Worth. PLC will maintain at all times Adjusted Consolidated Net Worth equal to not less than the sum of (i) 7080% of PLC’s Adjusted Consolidated Net Worth as of September 30March 31, 2021 2015 (but in no event less than $4,500,000,0002,600,000,000) plus (ii) 25% of its Consolidated Net Income (if positive) earned after September 30March 31, 2021 2015 minus (iii) PLC’s consolidated allowance for potential future losses on investments at the end of such fiscal quarter not otherwise included for unrealized net gains and losses on assets held for sale pursuant to FASB ASC 320 and accumulated other comprehensive income pursuant to FASB ASC 220 at the end of such fiscal quarter.

Adjusted Consolidated Net Worth. PLC will maintain at all times Adjusted Consolidated Net Worth equal to not less than the sum of (i) 7080% of PLC’s Adjusted Consolidated Net Worth as of September 30December 31, 2021 2017 (but in no event less than $4,500,000,000) plus (ii) 25% of its Consolidated Net Income (if positive) earned after September 30December 31, 2021 2017 minus (iii) PLC’s consolidated allowance for potential future losses on investments at the end of such fiscal quarter not otherwise included for unrealized net gains and losses on assets held for sale pursuant to FASB ASC 320 and accumulated other comprehensive income pursuant to FASB ASC 220 at the end of such fiscal quarter.

Adjusted Consolidated Net Worth. PLC The Borrower will maintain at all times Adjusted Consolidated Net Worth equal to not less than the sum of (i) 7080% of PLCthe Borrower’s Adjusted Consolidated Net Worth as of September 30December 31, 2021 2017 (but in no event less than $4,500,000,000) plus (ii) 25% of its Consolidated Net Income (if positive) earned after September 30December 31, 2021 2017 minus (iii) PLCthe Borrower’s consolidated allowance for potential future losses on investments at the end of such fiscal quarter not otherwise included for unrealized net gains and losses on assets held for sale pursuant to FASB ASC 320 and accumulated other comprehensive income pursuant to FASB ASC 220 at the end of such fiscal quarter.