Common use of Minimum Book Net Worth Clause in Contracts

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: (a) From September 1 through November 30 of each year, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE; (b) From December 1 through February 28 of each year, a minimum Book Net Worth of not less than an amount equal to $500,000 less than the Book Net Worth as at the prior FYE; (c) From March 1 through May 31 of each year, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE; and (d) From June 1 through August 31 of each year, a minimum Book Net Worth of not less than an amount equal to $100,000 less than the Book Net Worth as at the prior FYE.

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: (a) From September 1 1, 2003 through November 30 of each year30, 2003, a minimum Book Net Worth of not less than an amount equal to $250,000 150,000 less than the Book Net Worth as at the prior FYE; (b) From December 1 1, 2003 through February 28 of each year29, 2004, a minimum Book Net Worth of not less than an amount equal to the Book Net Worth as at the prior FYE plus $500,000 60,000; (c) From March 1, 2004 through May 31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE;FYE plus $350,000; and (cd) From March 1 June 1, 2004 through May 31 of each yearAugust 31, 2004, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE; and (d) From June 1 through August 31 of each year, a minimum Book Net Worth of not less than an amount equal to FYE plus $100,000 less than the Book Net Worth as at the prior FYE500,000.

Minimum Book Net Worth. The Borrower will maintain, during ---------------------- each period described below, its Book Net Worth in of an amount not less than the amount set forth below: (a) From September 1 1, 2000 through November 30 of each year30, 2000, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE28,886,000; (b) From December 1 1, 2000 through February 28 of each yearthe Funding Date, a minimum Book Net Worth of not less than an amount equal to $500,000 less than the Book Net Worth as at the prior FYE28,386,000; (c) From March 1 the Funding Date through May 31 of each yearFebruary 28, 2001, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE; and30,295,995; (d) From June 1 March 1, 2001 through August 31 of each yearMay 31, 2001, a minimum Book Net Worth of not less than an amount equal to $100,000 29,795,995; (e) From June 1, 2001 through August 31, 2001, a minimum Book Net Worth of not less than $30,295,995; and (f) From September 1, 2001 through November 30, 2001, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYEof FYE August 31, 2001 minus $1,500,000.

Minimum Book Net Worth. The Borrower will maintain, ---------------------- during each period described below, its Book Net Worth in of an amount not less than the amount set forth below: (a) From September 1 1, 2000 through November 30 of each year30, 2000, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE28,886,000; (b) From December 1 1, 2000 through February 28 of each yearthe Funding Date, a minimum Book Net Worth of not less than an amount equal to $500,000 less than the Book Net Worth as at the prior FYE28,386,000; (c) From March 1 the Funding Date through May 31 of each yearFebruary 28, 2001, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE; and30,295,995; (d) From June 1 March 1, 2001 through August 31 of each yearMay 31, 2001, a minimum Book Net Worth of not less than an amount equal to $100,000 29,795,995; (e) From June 1, 2001 through August 31, 2001, a minimum Book Net Worth of not less than $30,295,995; and (f) From September 1, 2001 through November 30, 2001, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYEof FYE August 31, 2001 minus $1,500,000.

Minimum Book Net Worth. The Borrower will maintainPursuant to Section 6.16 of the Credit Agreement, during each period described below, as of the Reporting Date the Borrower’s Book Net Worth was $ which ¨ satisfies ¨ does not satisfy the requirement that its Book Net Worth in an amount be not less than the amount set forth below: (a) From September 1 1, 2003 through November 30 of each year30, 2003, a minimum Book Net Worth of not less than an amount equal to $250,000 150,000 less than the Book Net Worth as at the prior FYE; (b) From December 1 1, 2003 through February 28 of each year29, 2004, a minimum Book Net Worth of not less than an amount equal to the Book Net Worth as at the prior FYE plus $500,000 60,000; (c) From March 1, 2004 through May 31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE;FYE plus $350,000; and (cd) From March 1 June 1, 2004 through May 31 of each yearAugust 31, 2004, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE; and (d) From June 1 through August 31 of each year, a minimum Book Net Worth of not less than an amount equal to FYE plus $100,000 less than the Book Net Worth as at the prior FYE500,000.

Minimum Book Net Worth. The Borrower will maintainPursuant to Section 6.15 of the Credit Agreement, during each period described below, as of the Reporting Date the Borrower’s Book Net Worth was $ which ¨ satisfies ¨ does not satisfy the requirement that its Book Net Worth in an amount be not less than the amount set forth below: (a) From September 1 1, 2003 through November 30 of each year30, 2003, a minimum Book Net Worth of not less than an amount equal to $250,000 150,000 less than the Book Net Worth as at the prior FYE; (b) From December 1 1, 2003 through February 28 of each year29, 2004, a minimum Book Net Worth of not less than an amount equal to the Book Net Worth as at the prior FYE plus $500,000 60,000; (c) From March 1, 2004 through May 31, 2004, a minimum Book Net Worth of not less than the Book Net Worth as at the prior FYE;FYE plus $350,000; and (cd) From March 1 June 1, 2004 through May 31 of each yearAugust 31, 2004, a minimum Book Net Worth of not less than an amount equal to $250,000 less than the Book Net Worth as at the prior FYE; and (d) From June 1 through August 31 of each year, a minimum Book Net Worth of not less than an amount equal to FYE plus $100,000 less than the Book Net Worth as at the prior FYE500,000.