Minimum Consolidated Net Worth Sample Clauses
The Minimum Consolidated Net Worth clause sets a required financial threshold that a company or borrower must maintain, typically measured as the total assets minus total liabilities on a consolidated basis. In practice, this clause often appears in loan agreements or credit facilities, where the borrower is obligated to keep its net worth above a specified minimum amount throughout the term of the agreement. By imposing this requirement, the clause helps ensure the ongoing financial stability of the borrower, thereby protecting the lender from increased credit risk due to potential insolvency or financial deterioration.
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Minimum Consolidated Net Worth. The Company will not at any time permit Consolidated Net Worth to be less than $9,000,000,000.
Minimum Consolidated Net Worth. The Company will not, at any time, permit Consolidated Net Worth to be less than the sum of (a) $500,000,000, plus (b) an aggregate amount equal to 25% of its Consolidated Net Income (but, in each case, only if a positive number) for each completed fiscal year beginning with the fiscal year ended December 31, 2003.
Section 1. 9. Subparagraph (g) of Section 10.5 of the Note Purchase Agreements is hereby amended and restated to read in its entirety as set forth below:
Minimum Consolidated Net Worth. Consolidated Net Worth will at no time be less than $550,000,000 plus 25% of the consolidated net income of the Borrower at the end of each fiscal quarter for each fiscal year commencing after the fiscal year ending December 31, 1994.
Minimum Consolidated Net Worth. The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.
Minimum Consolidated Net Worth. Permit its Consolidated Net Worth at any time to be less than $450,000,000.
Minimum Consolidated Net Worth. Not at any time permit Consolidated Net Worth to be less than the result of (a) $225,000,000 plus (b) 75% of Consolidated Net Income earned in each Fiscal Quarter ending after July 1, 2001 (with no deduction for a net loss in any such Fiscal Quarter) plus (c) 75% of the Net Cash Proceeds of any Equity Issuance after the Effective Date minus (d) 100% of the aggregate amount of Permitted Restricted Payments made by the Company and its Subsidiaries since the Effective Date.
Minimum Consolidated Net Worth. The Borrower will not permit its Consolidated Net Worth to be less than $3,650,000,000 at any time.
Minimum Consolidated Net Worth. The Company shall maintain at all times Consolidated Net Worth equal to not less than the sum of (a) $2,674,000,000 plus (b) an amount equal to 25% of the Net Equity Proceeds received by the Company from the issuance and sale of Equity Interests of the Company, including the conversion of debt securities of the Company into Equity Interests after the first fiscal quarter after the Closing Date.
Minimum Consolidated Net Worth. Borrower shall have at all times and measured as of the end of each Fiscal Quarter, a Consolidated Net Worth equal to or greater than $2,500,000,000.
Minimum Consolidated Net Worth. The Borrower will not permit its Consolidated Net Worth at any time to be less than $40,200,000, EXCEPT that:
(a) effective as of the end of the Borrower's fiscal quarter ended on or nearest to March 31, 2000, and as of the end of each fiscal quarter thereafter, the foregoing amount (as it may from time to time be adjusted as herein provided), shall be increased by 75% of the Consolidated Net Income of the Borrower for the fiscal quarter ended on such date, if any (there being no reduction in the case of any such Consolidated Net Income which reflects a deficit);
(b) the foregoing amount (as it may from time to time be adjusted as herein provided), shall be increased by an amount equal to 100% of the cash proceeds (net of underwriting discounts and commissions and other customary fees and costs associated therewith) from any sale or issuance of equity by the Borrower after December 31, 1999 (other than Redeemable Stock and any sale or issuance to management or employees or employee benefit plans pursuant to employee benefit plans of general application);
(c) the foregoing amount (as it may from time to time be adjusted as herein provided), shall be increased by an amount equal to 100% of (x) the principal amount of Indebtedness or (y) the higher of stated value or liquidation value of Redeemable Stock, as the case may be, held by any person other than the Borrower or any of its Subsidiaries, which is converted or exchanged after December 31, 1999 into common stock of the Borrower or any of its Subsidiaries;
(d) the foregoing amount (as it may from time to time be adjusted as herein provided), shall be increased by an amount equal to 100% of the increase in Consolidated Net Worth attributable to the issuance of common stock or other equity interests (other than Redeemable Stock) subsequent to December 31, 1999 as consideration in any Acquisitions permitted under section 9.2; and
(e) the foregoing amount (as it may from time to time be adjusted as herein provided), shall be reduced by any and all Restricted Stock Payments made pursuant to section 9.6 of this Agreement after December 31, 1999.