Common use of Minimum Net Working Capital Clause in Contracts

Minimum Net Working Capital. (1) have at the end of each fiscal quarter, other than fiscal year end, an excess of current assets over current liabilities (both as determined in accordance with GAAP consistently applied) of not less than $15,000,000.00 and (2) have at then end of each fiscal year, an excess of current assets over current liabilities (both as determined in accordance with GAAP consistently applied) of not less than $35,000,000.00.

Minimum Net Working Capital. The Company and its Subsidiaries, on a consolidated basis, shall have (1) have at the end of each fiscal quarter, other than fiscal year end, an excess of current assets over current liabilities (both as determined in accordance with GAAP consistently applied) of not less than $15,000,000.00 15,000,000.00; and (2) have at then the end of each fiscal year, an excess of current assets over current liabilities (both as determined in accordance with GAAP consistently applied) of not less than $35,000,000.00.