Common use of Minimum Adjusted Consolidated Net Worth Clause in Contracts

Minimum Adjusted Consolidated Net Worth. The Company will not at any time permit Adjusted Consolidated Net Worth to be less than the sum of (a) $10,477,500,000 plus (b) 50% of the aggregate Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 2016.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

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Minimum Adjusted Consolidated Net Worth. The From and after the Effective Date, the Company will not at any time permit its Adjusted Consolidated Net Worth Worth, calculated as of the end of each fiscal quarter, to be less than an amount equal to the sum of (ai) $10,477,500,000 8,187,000,000 plus (bii) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of by the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20162021.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Equitable Holdings, Inc.), Assignment and Assumption (Equitable Holdings, Inc.)

Minimum Adjusted Consolidated Net Worth. The Company will not at any time permit Adjusted Consolidated Net Worth to be less than the sum of (a) $10,477,500,000 9,200,000,000 plus (b) 50% of the aggregate Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20162010.

Appears in 2 contracts

Samples: Assignment and Assumption (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. The Company will not at any time permit its Adjusted Consolidated Net Worth Worth, calculated as of the last day of each fiscal quarter, to be less than an amount equal to the sum of (aA) $10,477,500,000 7,500,000,000 plus (bB) fifty percent (50% %) of the aggregate Net Proceeds received by the Company or any amount of its Subsidiaries from Equity Issuances of by the Company and its Subsidiaries (including from any issuance or incurrence after the end of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March fiscal quarter ended December 31, 20162021.

Appears in 1 contract

Samples: Assignment and Assumption (Brighthouse Financial, Inc.)

Minimum Adjusted Consolidated Net Worth. The Company will not at any time permit Adjusted Consolidated Net Worth to be less than the sum of (a) $10,477,500,000 10,000,000,000 plus (b) 50% of the aggregate Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20162021.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. The Company will not at any time permit Adjusted Consolidated Net Worth to be less than the sum of (a) $10,477,500,000 9,200,000,000 plus (b) 50% of the aggregate Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20162011.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. The From and after the Availability Effective Date, the Company will not at any time permit its Adjusted Consolidated Net Worth Worth, calculated as of the end of each fiscal quarter, to be less than an amount equal to the sum of (ai) $10,477,500,000 6,441,000,000 plus (bii) 50% of the aggregate amount of the Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of by the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March December 31, 20162020.”

Appears in 1 contract

Samples: Revolving Credit Agreement (Equitable Holdings, Inc.)

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Minimum Adjusted Consolidated Net Worth. The Company will not at any time permit Adjusted Consolidated Net Worth to be less than the sum of (a) $10,477,500,000 9,369,000,000 plus (b) 50% of the aggregate Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20162013.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. The Company will not at any time permit Adjusted Consolidated Net Worth to be less than the sum of (a) $10,477,500,000 10,619,612,000 plus (b) 50% of the aggregate Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31, 20162019.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Minimum Adjusted Consolidated Net Worth. The Company will not at any time permit Adjusted Consolidated Net Worth Worth, calculated as of the last day of each fiscal quarter, to be less than the sum of (a) $10,477,500,000 8,626,000,000 plus (b) 50% of the aggregate Net Proceeds received by the Company or any of its Subsidiaries from Equity Issuances of the Company and its Subsidiaries (including from any issuance or incurrence of Instruments, but only to the extent such Instruments are included, at the time of issuance, in Adjusted Consolidated Net Worth) after March 31September 30, 20162023.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

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