Minimum Book Net Worth. The Borrower will maintain as of the end of each month-end provided below, its Book Net Worth, determined as at the end of each month, at an amount not less than the amount set forth opposite such period: Period Minimum Book Net Worth 6/30/96 $9,180,000 7/31/96 $8,970,000 8/31/96 $9,145,000 9/30/96 $9,370,000 10/31/96 $9,820,000 11/30/96 $10,220,000 12/31/96 $10,420,000
Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth in an amount not less than the amount set forth below:
Minimum Book Net Worth. Permit Book Net Worth to be less than $1,488,255,000 (which represents approximately 85% of Book Net Worth as of June 27, 2010) as of the last day of any fiscal quarter (commencing with the fiscal quarter ending on or about December 31, 2010); provided, however, (i) such amount shall be increased at the end of each fiscal quarter (commencing with the fiscal quarter ending September 26, 2010) by an amount equal to 25% of the Borrower’s and its Subsidiaries’ net income for the fiscal quarter then ending (computed on a consolidated basis in accordance with GAAP and with no deduction for a net loss in any such fiscal quarter), such increases to be cumulative; and (ii) such amount shall be decreased Dollar for Dollar by the aggregate cumulative amount of all payments made by the Borrower on and after the Closing Date for the redemption, retirement or other repurchase of any shares of the capital stock of the Borrower so long as the Borrower’s Debt Rating is BBB+ or higher by S&P or Baa1 or higher by Xxxxx’x at the time of such payments. With respect to clause (ii) of the proviso in the immediately preceding sentence, if, as a result of the payments made by the Borrower for such redemption, retirement or other repurchase of any shares of the capital stock of the Borrower, the Debt Rating of the Borrower is lowered by either S&P or Xxxxx’x below the applicable level set forth in the preceding sentence within forty-five (45) days of the last of such payments, then any reduction in the minimum Book Net Worth amount previously made pursuant to clause (ii) of this Section 7.07 in connection with such payments shall be reversed.
Minimum Book Net Worth. Pursuant to Section 6.16 of the Credit Agreement, as of the Reporting Date the Borrower’s Book Net Worth was $ which ¨ satisfies ¨ does not satisfy the requirement that its Book Net Worth be not less than the amount set forth below:
Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth, determined as at the end of each month, and calculated without regard to any additional equity infusion received by Borrower, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Book Net Worth May 31, 2002 ($12,803,000) June 30, 2002 ($12,363,000) July 31, 2002 $3,380,000 August 31, 2002 $2,873,000 September 30, 2002 $3,576,000 October 31, 2002 $3,081,000 November 30, 2002 $2,583,000 December 31, 2002 and each $3,641,000” month thereafter
Minimum Book Net Worth. Section 6.13 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Minimum Book Net Worth. The Obligors will have a Book Net Worth of not less than: (a) $3,100,000, as of the end of the fiscal quarter ending in December 2004; (b) $3,200,000, as of the end of each subsequent fiscal quarter in fiscal years 2005 and 2006; and (c) the Adjusted Book Net Worth Amount, as of the end of each fiscal quarter ending after September 30, 2006.”
Minimum Book Net Worth. Pursuant to Section 6.2(a) of the Credit Agreement, as of the Reporting Date, the Borrower’s Book Net Worth was $____________ which [ ]satisfies [ ] does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as set forth in the table below (numbers appearing in parentheses are negative): Date Minimum Book Net Worth September 30, 2005 ($17,403,000) December 31, 2005 and the last day of each quarter thereafter ($17,601,000)
Minimum Book Net Worth. The Borrower will maintain, as of each date described below during the term hereof, its Book Net Worth at an amount not less than the amount set forth below opposite such date: Date Minimum Book Net Worth December 31, 2007 Book Net Worth as of prior December 31 minus $2,300,000 December 31, 2008, and each December 31 thereafter Book Net Worth as of prior December 31 plus $1,000,000
Minimum Book Net Worth. The Guarantor shall not permit its consolidated Book Net Worth, as of the last day of each calendar year, to be less than the Book Net Worth Requirement. As used herein, the term “Book Net Worth Requirement” shall mean: (i) Ninety Five Million Dollars ($95,000,000) as the last day of the Guarantor’s 2009 fiscal year ending October 2, 2009; (ii) One Hundred Million Dollars ($100,000,000) by the last day of the Guarantor’s 2010 fiscal year ending on or about September 30, 2010; and (iii) One Hundred Five Million Dollars ($105,000,000) by the last day of the Guarantor’s 2011 fiscal year ending on or about September 30, 2011, and at all times thereafter.
