Minimum Adjusted Net Worth. Borrower shall at all times maintain, and shall have maintained, on a consolidated basis, an Adjusted Net Worth of not less than SEVENTY-FIVE MILLION AND 00/100 DOLLARS ($75,000,000.00), as determined at the end of each calendar quarter, adjusted at the end of each calendar quarter by seventy-five percent (75%) of any Net Equity raised during each such calendar quarter.
Appears in 2 contracts
Sources: Loan Agreement (American Mortgage Acceptance Co), Loan Agreement (Centerline Holding Co)