Common use of Minimum Adjusted Consolidated Tangible Net Worth Clause in Contracts

Minimum Adjusted Consolidated Tangible Net Worth. Adjusted Consolidated Tangible Net Worth will at no time be less than an amount equal to the sum of (i) $540,000,000 and (ii) an amount equal to 50% of Consolidated Net Income for each Fiscal Quarter ending after December 31, 1996 but before the date of determination, in each case, for which Consolidated Net Income is positive (but with no deduction on account of negative Consolidated Net Income for any Fiscal Quarter).

Minimum Adjusted Consolidated Tangible Net Worth. Adjusted Consolidated Tangible Net Worth will at no time be less than an amount equal to the sum of (i) $540,000,000 600,000,000 and (ii) an amount equal to 50% of Consolidated Net Income for each Fiscal Quarter ending after December 31, 1996 but before the date of determination, in each case, for which Consolidated Net Income is positive (but with no deduction on account of negative Consolidated Net Income for any Fiscal Quarter).