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.
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Samples: Loan Agreement (Johnson Outdoors Inc), Loan Agreement (Johnson Outdoors Inc)
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.. Loan Number 15612
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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.. Loan Number 15614
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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.. Loan Number 15627
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