Common use of Minimum Net Worth Clause in Contracts

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses).

Minimum Net Worth. The Borrower and its consolidated Subsidiaries will at all times maintain Consolidated Net Worth of not less than the sum of in an amount equal to (ia) $900,000,000 45,000,000, plus (iib) 5075% of Consolidated cumulative Net Income, if positive for any fiscal quarter (i.e., exclusive of any negative Net Income earned in the for any fiscal quarter), for any fiscal quarter ending December 31commencing on and after May 1, 2002 (without deduction for losses) 2003, plus (iiic) 50% all Net Proceeds of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31Equity Issuance which occurs on or after January 1, 2003 (without deduction for losses)2003.

Minimum Net Worth. The At all times, the Borrower will at all times maintain not permit its Consolidated Net Worth of not to be less than the sum of (i) $900,000,000 5,320,141,8505,586,992,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of cumulative Consolidated Net Income earned in each fiscal year beginning quarter thereafter (if positive) commencing with the fiscal year quarter ending December 31on June 30, 2003 (without deduction for losses)20172022.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of the Borrower and its Subsidiaries on a consolidated basis at the end of each fiscal quarter of each Fiscal Year shall not be less than the sum of (i) $900,000,000 5,000,000 plus (ii) an amount equal to 50% of Consolidated Net Income earned in since the fiscal quarter ending December 31, 2002 Effective Date (without deduction for excluding any losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses)aggregate amount of all equity contributions to the Borrower after the Effective Date.

Minimum Net Worth. The Borrower will Maintain at all times maintain Consolidated on a consolidated basis a minimum Net Worth of not less than the sum of (i) $900,000,000 25,000,000.00 plus (ii) 5075% of Consolidated Net Income earned in the Borrower's cumulative positive quarterly net income commencing with the fiscal quarter ending December 31ended September 30, 2002 (without deduction 1998, with no deductions for quarterly losses) , plus (iii) 50100% of Consolidated Net Income earned the net proceeds of any other increase in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses)equity of the Borrower.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 294,945,000 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 2004 (without deduction for losses).

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of the Borrower and its Subsidiaries on a consolidated basis at the last day of each fiscal quarter of each Fiscal Year shall not be less than the sum of (i) $900,000,000 1,438,627,000 plus (ii) an amount equal to the sum of 50% of Consolidated Net Income earned in the for each fiscal quarter ending after December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated provided that Net Income earned in each for any such fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction quarter shall be taken into account for lossespurposes of this calculation only if positive).

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of the Borrower and its ----------------- $1,000,000,000 plus (ii) an amount equal to Subsidiaries on a consolidated basis at the 50% of Net Income since the Closing Date. end of each fiscal quarter of each Fiscal Year shall not be less than the sum of (i) $900,000,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses).

Minimum Net Worth. The Borrower and its consolidated Subsidiaries will at all times maintain Consolidated Net Worth of in an amount equal to not less than the sum of (ia) $900,000,000 33,000,000 plus (iib) 5075% of Consolidated cumulative Net Income, if positive for any fiscal quarter (i.e., exclusive of any negative Net Income earned in the for any fiscal quarter), for any fiscal quarter ending December 31commencing after April 30, 2002 (without deduction for losses) 1997, plus (iiic) 50% all Net Proceeds of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31Equity Issuance which occurs after April 30, 2003 (without deduction for losses)1997.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (ia) $900,000,000 17,500,000, plus (iib) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of positive Consolidated Net Income earned in each fiscal year beginning with the fiscal year quarter ending December 31on or after January 1, 2003 2011. and (without deduction for losses).iii) adding Section 6.24.5 as follows:

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 575,000,000 plus (ii) 50% of Consolidated Net Income (if positive) earned in each Fiscal Quarter beginning with the fiscal quarter Fiscal Quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses)2003.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of the Borrower and its Subsidiaries on a consolidated basis at the end of each fiscal quarter of each Fiscal Year shall not be less than the sum of (i) $900,000,000 2,500,000 plus (ii) an amount equal to 50% of Consolidated Net Income earned in since the fiscal quarter ending December 31, 2002 Effective Date (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for excluding any losses).

Minimum Net Worth. The At all times, the Borrower will at all times maintain not permit its Consolidated Net Worth of not to be less than the sum of (i) $900,000,000 5,320,141,850 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of cumulative Consolidated Net Income earned in each fiscal year beginning quarter thereafter (if positive) commencing with the fiscal year quarter ending December 31on June 30, 2003 (without deduction for losses)2017.

Minimum Net Worth. The At all times, the Borrower will at all times maintain not permit its Consolidated Net Worth of not to be less than the sum of (i) $900,000,000 4,223,942,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of cumulative Consolidated Net Income earned in each fiscal year beginning quarter thereafter (if positive) commencing with the fiscal year quarter ending December 31on September 30, 2003 (without deduction for losses)2013.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 160,000,000 plus (ii) 50% of Consolidated Net Income (if positive) earned in each Fiscal Quarter beginning with the fiscal quarter Fiscal Quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses)2003.

Minimum Net Worth. The Borrower will Borrowers and their Subsidiaries on a consolidated basis shall maintain at all times maintain Consolidated Net Worth of not less equal to or greater than the sum of (ia) $900,000,000 17,000,000, plus (iib) an amount equal to 50% of Consolidated Net Income earned in the fiscal quarter ending December 31during each of its Fiscal Quarters beginning with its Fiscal Quarter commencing October 1, 2002 1997 (without deduction reduction for net losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for lossesif any).

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 155,000,000 plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter beginning with the quarter ending December 31June 30, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses).

Minimum Net Worth. The Borrower will and its Subsidiaries shall maintain at all times maintain Consolidated Net Worth of not less in an amount greater than or equal to the sum of (i) $900,000,000 eighty percent (80%) of the Net Worth of the Borrower and its Subsidiaries on September 30, 2001, plus (ii) fifty percent (50% %) of Consolidated the Net Income earned in of the fiscal quarter Borrower and its Subsidiaries for the Fiscal Quarter ending December 31, 2002 2001 and each Fiscal Quarter thereafter (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned excluding any net loss in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for lossesany such Fiscal Quarter).

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 45,000,000 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 1998 (without deduction for losses)."

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $900,000,000 265,000,000 plus (ii) fifty percent (50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses%) plus (iii) 50% of Consolidated Net Income earned in each fiscal year quarter beginning with the fiscal year quarter ending December 31, 2003 1997 (without deduction for losses).