Common use of Maintenance of Consolidated Tangible Net Worth Clause in Contracts

Maintenance of Consolidated Tangible Net Worth. Maintain at all times during the Commitment Period Consolidated Tangible Net Worth in amounts at all times equal to or exceeding (i) $351,500,000, plus (ii) fifty percent (50%) of the Consolidated Earnings for each quarter after June 30, 2004 (excluding any quarter in which Consolidated Earnings are less than zero (0)), plus (iii) fifty percent (50%) of the net proceeds or other consideration received by Borrower for any capital stock issued or sold after June 30, 2004.

Maintenance of Consolidated Tangible Net Worth. Maintain at all times during the Commitment Period Consolidated Tangible Net Worth in amounts at all times equal to or exceeding (i) $351,500,000480,000,000, plus (ii) fifty percent (50%) of the Consolidated Earnings for each quarter after June 30, 2004 2006 (excluding any quarter in which Consolidated Earnings are less than zero (0)), plus (iii) fifty percent (50%) of the net proceeds or other consideration received by Borrower for any capital stock issued or sold after June 30, 20042006.