Consolidated Net. Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of: (i) $50,000,000.00, plus (ii) one hundred percent (100%) of the amount by which the Borrower's "total stockholders' equity" is increased as a result of any public or private offering of common stock of the Borrower after the Closing Date, plus (iii) seventy-five percent (75%) of Consolidated Net Income on a cumulative basis for all preceding fiscal quarters of the Borrower, commencing with the fiscal quarter ended February 28, 2002; provided that if Consolidated Net Income is negative in any fiscal quarter the amount attributed to Consolidated Net Income for such fiscal quarter shall be zero and such negative Consolidated Net Income shall not reduce the amount of Consolidated Net Income added from any previous fiscal quarter. Promptly upon the consummation of any public or private offering of common stock, the Borrower shall notify the Administrative Agent in writing of the amount of such increase in "total stockholders' equity".
Consolidated Net. Finance Charges means, in respect of any Measurement Period, the aggregate amount of the interest (including the interest element of any Finance Lease, commission, fees, discounts and other finance payments payable by any member of the Group, other than Project Finance Subsidiaries, (including any commission, fees, discounts and other finance payment payable by any member of the Group under any interest rate hedging arrangement but deducting any commission, fees, discounts and other finance payments receivable by any member of the Group (other than a Project Finance Subsidiary) under any interest rate hedging instrument) but deducting any other interest receivable by any member of the Group, other than Project Finance Subsidiaries, on any deposit or bank account.
Consolidated Net. Finance Charges means, in respect of any Measurement Period, the aggregate amount of the interest (including the interest element of leasing and hire purchase payments and capitalised interest), commission, fees, discounts and other finance payments payable by any member of the Group (including any commission, fees, discounts and other finance payment payable by any member of the Group under any interest rate hedging arrangement but deducting any commission, fees, discounts and other finance payments receivable by any member of the Group under any interest rate hedging instrument) but deducting any other interest receivable by any member of the Group on any deposit or bank account;
Consolidated Net. Worth The Borrower will not permit its ---------------------- Consolidated Net Worth at any time to be less than an amount equal to the sum of (i) $150,308,900, plus (ii) 50% of Consolidated Net Income accrued during each fiscal quarter ending thereafter, commencing with the fiscal quarter ending March 31, 2001, provided, that if Consolidated Net Income is negative in any -------- fiscal quarter the amount added for such fiscal quarter shall be zero and such negative Consolidated Net Income shall not reduce the amount of Consolidated Net Income added from any previous fiscal quarter, plus (iii) 100% of the net proceeds from any public or private offering of common or preferred stock of the Borrower issued after the Closing Date.
