Common use of Minimum Net Worth Test Clause in Contracts

Minimum Net Worth Test. as of the end of each fiscal quarter, beginning with the fiscal quarter ending November 30, 2024, fail to maintain minimum Consolidated Tangible Net Worth of at least $10,000,000,000.

Appears in 1 contract

Sources: Credit Agreement (Lennar Corp /New/)

Minimum Net Worth Test. as of the end of each fiscal quarter, beginning with the fiscal quarter ending November 30May 31, 20242025, fail to maintain minimum Consolidated Tangible Net Worth of at least $10,000,000,000.

Appears in 1 contract

Sources: Delayed Draw Term Loan Credit Agreement (Lennar Corp /New/)