Common use of Minimum Consolidated Net Worth Clause in Contracts

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth to be less than an amount equal to the sum of (a) $1,200,000,000 plus (b) 25% of positive Consolidated Net Income earned in each calendar year commencing with the calendar year ending December 31, 2021.

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $1,200,000,000 125,000,000, plus (b) 2585% of positive Consolidated Net Income earned the aggregate proceeds received by Borrower (net of customary related fees and expenses) in each calendar year commencing connection with any offering of stock by Borrower after the calendar year ending December 31, 2021date hereof.

Minimum Consolidated Net Worth. The Borrower shall will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $220,000,000 plus (ii) an amount equal to the sum of (a) $1,200,000,000 plus (b) 2550% of positive the Borrower's Consolidated Net Income earned for each fiscal quarter ending after the Initial Borrowing Date (without deduction for any fiscal quarter in each calendar year commencing with which the calendar year ending December 31, 2021Borrower's Consolidated Net Income is negative).

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth to be less than than, as of the last day of any fiscal quarter, an amount equal to $170,000,000 plus the sum of for each fiscal year (a) $1,200,000,000 plus (b) 25% of positive Consolidated Net Income earned in each calendar year commencing beginning with the calendar fiscal year ending December 31, 20212004), of 50% of the net income, if positive, of the Borrower and its Subsidiaries on a consolidated basis for each such fiscal year plus an amount equal to 75% of the net proceeds of any issuance of equity by the Borrower.

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth at any time to be less than an amount equal to the sum of (ax) $1,200,000,000 plus 850,000,000 and (by) 25% of positive Consolidated Cumulative Net Income earned in each calendar year commencing with the calendar year ending December 31, 2021Income.

Minimum Consolidated Net Worth. The Borrower shall not at any time permit its Consolidated Net Worth to be less than the sum of (i) $700,000,000 plus (ii) an amount equal to the sum of (a) $1,200,000,000 plus (b) 2550% of positive Consolidated Net Income earned in (if positive) for each calendar year Fiscal Quarter, commencing with the calendar year fiscal quarter ending December 31June 30, 20212004.

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth to be less than an amount equal to the sum of (a) $1,200,000,000 plus (b) 25% of positive Consolidated Net Income earned in each calendar year commencing with the calendar year ending ended December 31, 20212017.

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth at any time to be less than an amount equal to the sum of (ax) $1,200,000,000 973,190,000 plus (by) 25% of positive Consolidated Cumulative Net Income earned in each calendar year commencing with the calendar year ending December 31, 2021Income.

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth to be less than an amount equal to the sum of (a) $1,200,000,000 263,721,500 plus (b) 25% of positive Consolidated Net Income earned in each calendar year commencing with rolling 12 month period starting on June 30, 2021 plus (c) 25% of additional cash equity raised by Borrower, determined as of the calendar year ending December 31, 2021end of each of its fiscal quarters for the prior four (4) fiscal quarters.

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth to be less than an amount equal to the sum of (a) $1,200,000,000 plus (b) 25% of positive Consolidated Net Income earned in each calendar year commencing with the calendar year ending December 31, 20212023.

Minimum Consolidated Net Worth. The Borrower shall will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $260,000,000 plus (ii) an amount equal to the sum of (a) $1,200,000,000 plus (b) 2550% of positive the Borrower’s Consolidated Net Income earned for each fiscal quarter ending after May 28, 2004 (without deduction for any fiscal quarter in each calendar year commencing with which the calendar year ending December 31, 2021Borrower’s Consolidated Net Income is negative).

Minimum Consolidated Net Worth. The Borrower shall will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $260,000,000 plus (ii) an amount equal to the sum of (a) $1,200,000,000 plus (b) 2550% of positive the Borrower's Consolidated Net Income earned for each fiscal quarter ending after the Initial Borrowing Date (without deduction for any fiscal quarter in each calendar year commencing with which the calendar year ending December 31, 2021Borrower's Consolidated Net Income is negative).

Minimum Consolidated Net Worth. The As of the last day of each calendar quarter, the Borrower shall not permit its Consolidated Net Worth to be less than an amount equal to the sum of (a) $1,200,000,000 plus (b) 25% of positive Consolidated Net Income earned in each calendar year commencing with the calendar year ending December 31, 20211,300,000,000.

Minimum Consolidated Net Worth. The Borrower Borrowers shall not permit its Consolidated Net Worth at any Quarterly Date to be less than $120,000,000 plus an amount equal to the sum of (a) $1,200,000,000 plus (b) 2585% of positive Consolidated Net Income earned in each calendar year commencing with for all periods from November 14, 1997 through such Quarterly Date (net of all net losses for the calendar year ending December 31, 2021Borrowers and their Subsidiaries on a consolidated basis for the same period).

Minimum Consolidated Net Worth. The Borrower shall will not permit its Consolidated Net Worth at any time to be less than an amount equal to the sum of (ai) $1,200,000,000 615,000,000 plus (bii) 2550% of positive the consolidated net income of the Borrower and its Consolidated Net Income earned Subsidiaries in each calendar year commencing with completed fiscal quarter of the calendar year Borrower ending December after March 31, 20212000 (with no deduction for a net loss in any such fiscal quarter).

Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated Net Worth at any time to be less than an amount equal to the sum of (ax) $1,200,000,000 1,349,059,000 plus (by) 25% of positive Consolidated Net Income earned in (if positive) for each calendar year fiscal quarter of the Borrower (commencing with the calendar year fiscal quarter ending December 31June 30, 20212006).