Minimum Net Worth Clause Samples
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Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $176,177,600 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending September 30, 2000 (without deduction for losses) plus (iii) the amount of any addition to the consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.
Minimum Net Worth. Tangible Net Worth at any time to be less than (i) $870,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2003 (other than Equity Issuances to the Borrower or any Subsidiary).
Minimum Net Worth. The HMO has, and will maintain throughout the life of this Contract, minimum net worth to the greater of (a) $1,500,000; (b) an amount equal to the sum of twenty-five dollars ($25) times the number of all enrollees including Members; or (c) an amount that complies with standards adopted by TDI. Minimum net worth means the excess total admitted assets over total liabilities, excluding liability for subordinated debt issued in compliance with Chapter 843 of the Texas Insurance Code.
Minimum Net Worth. The Borrower will not permit its Consolidated Net Worth as of the last day of any fiscal quarter of the Borrower to be less than $750,000,000.
Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $51,100,000 PLUS (b) 75% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date of the Third Amendment and prior to the date of determination, PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the date of the Third Amendment and prior to the date of determination.
Minimum Net Worth. As of the last day of each fiscal quarter of the Borrower, Consolidated Net Worth will not be less than the sum of (a) 80% of Consolidated Net Worth as of December 31, 2000, plus (b) 100% of the Net Cash Proceeds of all Equity Events occurring after December 31, 2000.
Minimum Net Worth. The Company shall not at any time permit Consolidated Net Worth to be less than the sum of (i) $575,000,000 plus (ii) 50% of Consolidated Net Income earned in each full fiscal quarter ending after the Closing Date (with no deduction for a net loss in any such fiscal quarter) plus (iii) the proceeds of any Equity Issuance after the Closing Date (net of the direct costs of such issuance, such as sales and underwriter’s commissions and legal, accounting and investment banking fees).
Minimum Net Worth. The MCO has, and will maintain throughout the life of this Contract, minimum net worth that complies with standards adopted by TDI. Minimum net worth means the excess total admitted assets over total liabilities, excluding liability for subordinated debt issued in compliance with Chapter 843 of the Texas Insurance Code.
Minimum Net Worth. Have a net worth (in accordance with GAAP) of at least 1% of the outstanding principal amount of the Notes.
Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than $362,000,000.