Minimum Adjusted Net Worth. As of the end of each fiscal quarter, Borrower covenants that: (i) it shall maintain, on a consolidated basis, a Minimum Adjusted Net Worth of not less than $20,000,000; and (ii) its Adjusted Net Worth shall exceed 30% of its Adjusted Total Assets.
Appears in 2 contracts
Sources: Loan and Security Agreement, Loan and Security Agreement (QC Holdings, Inc.)