Common use of Minimum Consolidated Adjusted Tangible Net Worth Clause in Contracts

Minimum Consolidated Adjusted Tangible Net Worth. The Credit Parties shall not permit Consolidated Adjusted Tangible Net Worth as of each of the dates set forth below to be less than the correlative amount indicated: Minimum Consolidated Date Adjusted Tangible Net Worth May 31, 1995 $22,056,000 August 31, 1995 $22,657,000 November 30, 1995 $23,179,000 February 28, 1996 $23,206,000 May 31, 1996 $23,386,000 August 31, 1996 $23,800,000 November 30, 1996 $24,694,000

Minimum Consolidated Adjusted Tangible Net Worth. The Credit Parties shall not permit Consolidated Adjusted Tangible Net Worth as of each of the dates set forth below to be less than the correlative amount indicated: Minimum Consolidated Date DATE Adjusted Tangible Net Worth May 31, 1995 $22,056,000 August 31, 1995 $22,657,000 November 30, 1995 $23,179,000 February 2829, 1996 $23,206,000 20,752,000 May 31, 1996 $23,386,000 20,000,000 August 31, 1996 $23,800,000 20,311,000 November 30, 1996 $24,694,00021,343,000 February 28, 1997 $21,616,000 E. Subsection 7.6C of the Amended Loan Agreement is hereby amended by deleting such subsection and replacing it with the following: