Common use of Minimum Book Net Worth Clause in Contracts

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)

Appears in 1 contract

Samples: Credit and Security Agreement (Exabyte Corp /De/)

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Minimum Book Net Worth. Pursuant to Section 6.2(a5.2(a) of the Credit Agreement, as of the Reporting Date, the Borrower’s Company's Book Net Worth was $____________ _, which [ ]o satisfies [ ] o does not satisfy the requirement that such amount be not less than $_____________ 66,000,000 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)Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Spectranetics Corp)

Minimum Book Net Worth. Pursuant to Section 6.2(a5.2(a) of the Credit Agreement, as of the Reporting Date, the BorrowerCompany’s Book Net Worth was $____________ which [ ], which o satisfies [ ] o does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as applicable amount set forth in the table below (numbers appearing in parentheses between “< >“ are negative): ) on the Reporting Date: Test Date Minimum Book Net Worth September 30, 2005 ($17,403,000) 2009 $ 18,800,000 December 31, 2005 and the last day of each quarter thereafter ($17,601,000)2009 $ 9,984,000 March 31, 2010 $ 5,055,000

Appears in 1 contract

Samples: Credit and Security (Capstone Turbine Corp)

Minimum Book Net Worth. Pursuant to Section 6.2(a5.2(a) of the Credit Agreement, as of the Reporting Date, the BorrowerCompany’s Book Net Worth was $____________ which [ ], which o satisfies [ ] o does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as applicable amount set forth in the table below (numbers appearing in parentheses between “< >” are negative): ) on the Reporting Date: Test Date Minimum Book Net Worth June 30, 2010 $ 64,346,000 September 30, 2005 ($17,403,000) 2010 $ 57,671,000 December 31, 2005 and the last day of each quarter thereafter ($17,601,000)2010 $ 52,983,000 March 31, 2011 $ 50,090,000

Appears in 1 contract

Samples: Compliance Certificate (CAPSTONE TURBINE Corp)

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Minimum Book Net Worth. Pursuant to Section 6.2(a6.2(b) of the Credit Agreement, as of the Reporting Date, Date the Borrower’s Borrowers’ Book Net Worth was $____________ $ which [ ]o satisfies [ ] o 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 below: Period Minimum Book Net Worth July 2003 $ 300,000 August 2003 $ 400,000 September 30, 2005 ($17,403,000) 2003 $ 1,200,000 October 2003 $ 1,050,000 November 2003 $ 1,050,000 December 31, 2005 2003 $ 1,350,000 January 2004 $ 1,200,000 February 2004 $ 1,200,000 March 2004 $ 1,765,000 April 2004 $ 1,615,000 May 2004 $ 1,615,000 June 2004 and the last day of each quarter every month thereafter ($17,601,000)$ 2,255,000

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

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 [ ]o satisfies [ ] o 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 below: Month Minimum Book Net Worth September 30December, 2004 $ 14,036,000 January, 2005 ($17,403,000) December 31$ 13,961,000 February, 2005 and the last day of each quarter thereafter ($17,601,000)$ 13,827,000 March, 2005 $ 13,654,000 April, 2005 $ 13,768,000 May, 2005 $ 13,809,000

Appears in 1 contract

Samples: Credit and Security Agreement (Ault Inc)

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