Common use of Minimum Net Worth Clause in Contracts

Minimum Net Worth. The 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) $1,000,000,000 plus (ii) an amount equal to 50% of Net Income since the Closing Date.

Minimum Net Worth. The 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) $1,000,000,000 plus (ii) an amount equal to 50% of Net Income since the Closing Date.)

Minimum Net Worth. The Net Worth of the Borrower and its Subsidiaries on a consolidated basis will maintain at the end of each fiscal quarter a Net Worth of each Fiscal Year shall not be less than the sum of (i) $1,000,000,000 plus (ii) an amount equal to 50% of Net Income since the Closing Date4,000,000 for each quarter through December 31, 1999 and not less than $5,000,000 for each quarter thereafter.

Minimum Net Worth. The 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) $1,000,000,000 5,000,000 plus (ii) an amount equal to 50% of Net Income since the Closing Effective Date (excluding any losses) plus (iii) 50% of the aggregate amount of all equity contributions to the Borrower after the Effective Date.

Minimum Net Worth. The Net Worth of the Borrower and its consolidated Subsidiaries on a consolidated basis will at the end of each fiscal quarter of each Fiscal Year shall not be less than the sum of (i) $1,000,000,000 plus (ii) all times maintain Net Worth in an amount equal to 50(a) $45,000,000, plus (b) 75% of cumulative Net Income, if positive for any fiscal quarter (i.e., exclusive of any negative Net Income since the Closing Datefor any fiscal quarter), for any fiscal quarter commencing on and after May 1, 2003, plus (c) all Net Proceeds of each Equity Issuance which occurs on or after January 1, 2003.

Minimum Net Worth. The Net Worth of the Borrower and its Subsidiaries Borrower, on a consolidated basis basis, shall maintain at all times, as measured at the end of each fiscal quarter quarter, commencing December 31, 1999, a Net Worth of each Fiscal Year shall not be less than the sum of (i) $1,000,000,000 11,500,000 plus (ii) an amount equal to 50100% of Net Income since the Closing Datenet cash proceeds of any new equity investment in the Borrower.

Minimum Net Worth. The 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) $1,000,000,000 2,500,000 plus (ii) an amount equal to 50% of Net Income since the Closing DateEffective Date (excluding any losses).

Minimum Net Worth. The Net Worth of the Borrower Borrowers and its their Subsidiaries on a consolidated basis shall maintain at the end of each fiscal quarter of each Fiscal Year shall not be less all times Net Worth equal to or greater than the sum of (ia) $1,000,000,000 17,000,000, plus (iib) an amount equal to 50% of Net Income since the Closing Dateearned during each of its Fiscal Quarters beginning with its Fiscal Quarter commencing October 1, 1997 (without reduction for net losses, if any).

Minimum Net Worth. The Borrower will maintain its Net Worth of the Borrower and its Subsidiaries on a consolidated basis Worth, determined as at the end of each fiscal quarter of each Fiscal Year shall at an amount not be less than the sum of (i) $1,000,000,000 plus 46,000,000, (ii) an the minimum amount equal to 50% of Pre-tax Net Income since the Closing Daterequired pursuant to Section 6.20, if any, and (iii) all Net Equity Proceeds.

Minimum Net Worth. The Net Worth of the Borrower and its Subsidiaries on a consolidated basis at the end last day of each fiscal quarter of each Fiscal Year shall not be less than the sum of (i) $1,000,000,000 1,438,627,000 plus (ii) an amount equal to the sum of 50% of Net Income since the Closing Datefor each fiscal quarter ending after December 31, 2002 (provided that Net Income for any such fiscal quarter shall be taken into account for purposes of this calculation only if positive).

Minimum Net Worth. The Borrower and its Subsidiaries shall maintain at all times Net Worth in an amount greater than or equal to the sum of (i) eighty percent (80%) of the 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) $1,000,000,000 September 30, 2001, plus (ii) an amount equal to fifty percent (50% %) of the Net Income since of the Closing DateBorrower and its Subsidiaries for the Fiscal Quarter ending December 31, 2001 and each Fiscal Quarter thereafter (excluding any net loss in any such Fiscal Quarter).

Minimum Net Worth. The Net Worth of the Borrower and its consolidated Subsidiaries on a consolidated basis will at the end of each fiscal quarter of each Fiscal Year shall all times maintain Net Worth in an amount equal to not be less than the sum of (ia) $1,000,000,000 33,000,000 plus (iib) an amount equal to 5075% of cumulative Net Income, if positive for any fiscal quarter (i.e., exclusive of any negative Net Income since the Closing Datefor any fiscal quarter), for any fiscal quarter commencing after April 30, 1997, plus (c) all Net Proceeds of each Equity Issuance which occurs after April 30, 1997.

Minimum Net Worth. The Net Worth of the Borrower and its Subsidiaries on a consolidated basis at the end last day of each fiscal quarter of each Fiscal Year shall not be less than the sum of (i) $1,000,000,000 80% of June 30, 2006 Net Worth plus (ii) an amount equal to the sum of 50% of Net Income since the Closing Datefor each fiscal quarter ending after June 30, 2006 (provided that Net Income for any such fiscal quarter shall be taken into account for purposes of this calculation only if positive).