Common use of Minimum Equity Clause in Contracts

Minimum Equity. The Company shall, at all times while any of the Debentures remain Outstanding, maintain Consolidated Net Worth of the lesser of $70 million or two times the aggregate principal amount of Debentures issued. ARTICLE FOUR

Appears in 3 contracts

Sources: First Supplemental Indenture (Impac Mortgage Holdings Inc), First Supplemental Indenture (Impac Mortgage Holdings Inc), First Supplemental Indenture (Impac Mortgage Holdings Inc)