Common use of Consolidated Net Worth Clause in Contracts

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of $240,000,000 plus 50% of Consolidated Net Income (to the extent positive) for each fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances after the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc)

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Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 350,000,000 plus (ii) 50% of Consolidated Net Income (to the extent positive) for each fiscal quarter beginning with the fiscal quarter ending after on April 230, 2006 (excluding any fiscal quarter in which Consolidated Net Income is not positive) plus 75(iii) 85% of the amount net proceeds of all Equity Issuances any equity issued by the Borrower after the Closing DateJanuary 31, 2006, minus (iv) non-cash impairment charges for goodwill, intangible and fixed assets at such time of determination.

Appears in 2 contracts

Samples: Credit Agreement (Spartech Corp), Credit Agreement (Spartech Corp)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (a) $240,000,000 1,150,000,000 plus (b) an amount equal to 50% of the Consolidated Net Income (to the extent positive) for earned in each full fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances after the Closing DateDate (with no deduction for a net loss in any such fiscal quarter).

Appears in 2 contracts

Samples: Credit Agreement (Precision Castparts Corp), Credit Agreement (Precision Castparts Corp)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 350,000,000 plus (ii) 50% of Consolidated Net Income (to the extent positive) for each fiscal quarter beginning with the fiscal quarter ending after on April 230, 2006 (excluding any fiscal quarter in which Consolidated Net Income is not positive) plus 75(iii) 85% of the amount net proceeds of all Equity Issuances any equity issued by the Company after the Closing DateJanuary 31, 2006, minus (iv) non-cash impairment charges for goodwill, intangible and fixed assets at such time of determination.

Appears in 2 contracts

Samples: Note Purchase Agreement (Spartech Corp), Note Purchase Agreement (Spartech Corp)

Consolidated Net Worth. Permit As of the end of any quarter, permit Consolidated Tangible Net Worth at any time to be less than the sum of (a) $240,000,000 50,000,000 plus (b) fifty percent (50% %) of cumulative Consolidated Net Income (to the extent if positive) for each fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances after the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Medcath Inc), Loan Agreement (Medcath Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (a) $240,000,000 1,000,000,000 plus (b) an amount equal to 50% of the Consolidated Net Income (to the extent positive) for earned in each full fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances after the Closing DateDate (with no deduction for a net loss in any such fiscal quarter).

Appears in 1 contract

Samples: Credit Agreement (Precision Castparts Corp)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 530,000,000 plus (ii) 50% of Consolidated Net Income (to the extent positive) for each fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances after Borrower (beginning with the Closing Datefiscal quarter ending June 30, 2002) for which Consolidated Net Income is positive.

Appears in 1 contract

Samples: Credit Agreement (Kennametal Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (a) $240,000,000 182,108,000 plus (b) 50% of its Consolidated Net Income (to the extent but only if positive) for each fiscal quarter ending after April 2quarter, 2006 plus 75% for the period beginning on the first day of the amount of all Equity Issuances after first full fiscal quarter following the Closing DateDate and ending on the last day of the fiscal quarter for which financial statements have been most recently delivered to the Indenture Trustee pursuant to Section 9.1.

Appears in 1 contract

Samples: Guarantee (Mastercard Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (a) $240,000,000 1,000,000,000 plus (b) an amount equal to 50% of the Consolidated Net Income (to the extent positive) for earned in each full fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances after the Closing DateAmendment Effective Date (with no deduction for a net loss in any such fiscal quarter).

Appears in 1 contract

Samples: Guaranty Agreement (Precision Castparts Corp)

Consolidated Net Worth. Permit As of any fiscal quarter end, permit Consolidated Net Worth at any time to be less than the sum of (a) $240,000,000 450,000,000 plus 50(b) 80% of cumulative Consolidated Net Income (to the extent if positive) for each fiscal quarter ending after April 2, 2006 the Closing Date plus 75(c) 90% of the amount proceeds from any equity offerings (net of all Equity Issuances after offering and professional fees and expenses) and any other capital contributions since the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Quorum Health Group Inc)

Consolidated Net Worth. Permit At all times Consolidated Net Worth at any time to shall not be less than the sum of (i) $240,000,000 129,000,000.00 plus (ii) fifty percent (50% %) of Consolidated Net Income (to the extent positive) computed on a cumulative basis for each fiscal quarter Fiscal Quarter ending after April 2June 30, 2006 2001 without deducting any net losses during any Fiscal Quarter in which there was a net loss) plus 75% (iii) the net proceeds from the issuance of any capital stock of the amount of all Equity Issuances after the Closing DateBorrower as determined on a cumulative basis.

Appears in 1 contract

Samples: Revolving Credit Agreement (Caci International Inc /De/)

Consolidated Net Worth. Permit The Company will not at any time permit Consolidated Net Worth at any time to be less than the sum of (a) $240,000,000 480,000,000 plus 50(b) an amount equal to 25% of positive Consolidated Net Income (to the extent positive) for each completed fiscal quarter year, beginning with the fiscal year ending after April 229, 2006 plus 75% of the amount of all Equity Issuances after the Closing Date2005, calculated on a cumulative basis for such entire period.

Appears in 1 contract

Samples: Note Purchase Agreement (Evans Bob Farms Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 plus 325,000,000 and (ii) 50% of cumulative Consolidated Net Income (to the extent positive) for each fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances after Borrower (beginning with the Closing Datefiscal quarter ending March 31, 2006) for which Consolidated Net Income is positive.

Appears in 1 contract

Samples: Credit Agreement (Investment Technology Group Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 1,200,000,000 plus (ii) 50% of the Consolidated Net Income (to the extent positive) for each fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances ended after the Closing Datedate hereof (excluding any fiscal quarter for which Consolidated Net Income shall have been negative).

Appears in 1 contract

Samples: Credit Agreement (King Pharmaceuticals Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 plus 300,000,000 and (ii) 50% of cumulative Consolidated Net Income (to the extent positive) for each fiscal quarter ending after April 2of Holdings (beginning with the fiscal quarter commencing June 3, 2006 plus 75% of the amount of all Equity Issuances after the Closing Date2001) for which Consolidated Net Income is positive.

Appears in 1 contract

Samples: Credit Agreement (Interstate Bakeries Corp/De/)

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Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum total of (a) $240,000,000 70,000,000 plus (b) 50% of Consolidated Net Income (to the extent positive) for each fiscal quarter ending after April 2, 2006 the Effective Date (excluding any fiscal quarter in which there is a loss) plus 75(c) 100% of the amount Net Cash Proceeds from the issuance by the Borrower and its Subsidiaries of all Equity Issuances Interests in excess of $15,000,000 after the Closing DateEffective Date minus (d) Restructuring Charges.

Appears in 1 contract

Samples: Credit Agreement (Patrick Industries Inc)

Consolidated Net Worth. Permit At any time permit its Consolidated Net Worth at any time to be less than the sum of $240,000,000 (a)$30,500,000 plus 50(b) 85% of its cumulative positive Consolidated Net Income (attributable to the extent positive) for each fiscal quarter ending period from and after April 2March 31, 2006 plus 75% of the amount of all Equity Issuances after the Closing Date2000.

Appears in 1 contract

Samples: Credit Agreement (Health Risk Management Inc /Mn/)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 plus 20,250,000, and (ii) an amount equal to 50% of the cumulative positive Consolidated Net Income (to of the extent positive) for Borrower and its Subsidiaries earned in each full fiscal quarter ending after April 2March 31, 2006 plus 75% of the amount of all Equity Issuances after the Closing Date2005 (with no deduction for a net loss in any such fiscal quarter).

Appears in 1 contract

Samples: Credit Agreement (Find SVP Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at as of the end of any time fiscal quarter of Holdings to be less than the sum of (i) $240,000,000 plus 5015,000,000, and (ii) an amount equal to 65% of the Consolidated Net Income (to the extent positive) for after tax dividends earned in each full fiscal quarter ending after April 2December 31, 2006 plus 75% of the amount of all Equity Issuances after the Closing Date2008 (with no deduction for a net loss in any such fiscal quarter).

Appears in 1 contract

Samples: Credit Agreement (Corinthian Colleges Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 plus 100,000,000 and (ii) an amount equal to 50% of the Consolidated Net Income (to the extent positive) for earned in each full fiscal quarter ending after April 2June 30, 2006 plus 75% of the amount of all Equity Issuances after the Closing Date2009 (with no deduction for a net loss in any such fiscal quarter).

Appears in 1 contract

Samples: Credit Agreement (Hill International, Inc.)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (i) $240,000,000 1,500,000,000 plus (ii) 50% of Consolidated Net Income (to the extent positive) for each fiscal quarter ending after April 2, 2006 plus 75% of the amount of all Equity Issuances ended after the Closing Datedate hereof (excluding any fiscal quarter for which Consolidated Net Income shall have been negative).

Appears in 1 contract

Samples: Credit Agreement (King Pharmaceuticals Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of US (i) $240,000,000 1,150,000,000, plus 50% ii) on a cumulative basis as of Consolidated Net Income (to the extent positive) for end of each full fiscal quarter ending after April 2December 31, 2006 plus 752005 an amount equal to 25% of the amount Consolidated Net Income for the fiscal quarter then ended, as of all Equity Issuances after giving effect to the Closing Datepayment of dividends for such period; provided, that Consolidated Net Worth shall not at any time be less than US $1,150,000,000.

Appears in 1 contract

Samples: Credit Agreement (Louisiana-Pacific Corp)

Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of () $240,000,000 plus 200,000,000, () 50% of cumulative Consolidated Net Income (to the extent positive) for each fiscal quarter of the Borrower (beginning with the fiscal quarter ending after April 2September 30, 2006 plus 751999) for which Consolidated Net Income is positive and () 100% of the amount Net Cash Proceeds of all Equity Issuances any issuance by the Borrower of any equity included within shareholders' equity of the Borrower consummated after the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

Consolidated Net Worth. Permit Consolidated Net Worth at as of the end of any time fiscal quarter of the Borrower to be less than the sum of (a) $240,000,000 241,000,000, plus (b) an amount equal to 50% of the Consolidated Net Income (to the extent positive) for earned in each fiscal quarter ending after April 2October 31, 2006 2005 (with no deduction for a net loss in any such fiscal quarter), plus 75(c) an amount equal to 100% of the amount aggregate cumulative net proceeds of all any Equity Issuances Issuance after the Closing DateOctober 31, 2005.

Appears in 1 contract

Samples: Credit Agreement (Methode Electronics Inc)

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