Common use of Maintenance of Tangible Net Worth Clause in Contracts

Maintenance of Tangible Net Worth. The Sellers, on a consolidated basis, have maintained a Tangible Net Worth of not less than $175,000,000. At no time has MortgageIT individually maintained a Tangible Net Worth at the end of any two consecutive calendar quarters of less than $25,000,000.

Appears in 4 contracts

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.), Master Repurchase Agreement (MortgageIT Holdings, Inc.), Master Repurchase Agreement (MortgageIT Holdings, Inc.)

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Maintenance of Tangible Net Worth. The Sellers, on a consolidated basis, have maintained shall maintain a Tangible Net Worth of not less than $175,000,000. At no time has shall MortgageIT individually maintained maintain a Tangible Net Worth at the end of any two consecutive calendar quarters of less than $25,000,000.

Appears in 2 contracts

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.), Master Repurchase Agreement (MortgageIT Holdings, Inc.)

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Maintenance of Tangible Net Worth. The Sellers, on a consolidated basis, have maintained shall maintain a Tangible Net Worth of not less than $175,000,000275,000,000. At no time has shall MortgageIT individually maintained maintain a Tangible Net Worth at the end of any two consecutive calendar quarters of less than $25,000,000.’’

Appears in 1 contract

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)

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