Common use of Minimum Net Worth Clause in Contracts

Minimum Net Worth. The Company shall at all times maintain its Consolidated Net Worth greater than a Minimum Net Worth, equal to (i) $37,600,000, plus (ii) fifty percent (50%) of the cumulative Consolidated Net Income for each fiscal quarter beginning after the fiscal quarter ending on June 30, 2000 (specifically not including any Consolidated Net Loss for any fiscal quarter), plus (iii) the cumulative net proceeds of all equity offerings, except for the 8%

Minimum Net Worth. The Company shall not at all times maintain its any time permit Consolidated Net Worth greater to be less than a Minimum Net Worth, equal to the sum of (i) $37,600,000, 575,000,000 plus (ii) fifty percent (50%) % of the cumulative Consolidated Net Income for earned in each fiscal quarter beginning after the full fiscal quarter ending on June 30, 2000 after the Closing Date (specifically not including with no deduction for a net loss in any Consolidated Net Loss for any such fiscal quarter), ) plus (iii) the cumulative net proceeds of all equity offeringsany Equity Issuance after the Closing Date (net of the direct costs of such issuance, except for the 8%such as sales and underwriter’s commissions and legal, accounting and investment banking fees).

Minimum Net Worth. The Company shall at all times maintain its Consolidated Net Worth greater than a the Minimum Net Worth, equal to (i) $37,600,00040,000,000, plus (ii) fifty percent (50%) of the cumulative Consolidated Net Income for each fiscal quarter beginning after the fiscal quarter ending on June 30March 31, 2000 (specifically not including any Consolidated Net Loss for any fiscal quarter), plus (iii) the cumulative net proceeds of all equity offerings, except for offerings made by the 8%Company after the Closing Date.

Minimum Net Worth. The Company shall will at all times maintain its ----------------- Consolidated Net Worth greater of not less than a Minimum Net Worth, equal to the sum of (i) $37,600,00026,000,000, plus (ii) fifty percent (50%) 75% of the cumulative Consolidated Net Income for earned in each fiscal quarter beginning after with the fiscal quarter ending on June 30, 2000 (specifically not including any Consolidated Net Loss without deduction for any fiscal quarterlosses), plus (iii) 50% of the cumulative net proceeds of all any offering, sale, or other transfer of any capital stock or other equity offerings, except for securities of any kind of the 8%Borrowers after the date hereof.

Minimum Net Worth. The Company shall not at all times maintain its any time permit Consolidated Net Worth greater to be less than a Minimum Net Worth, equal to the sum of (i) $37,600,000, 575,000,000 plus (ii) fifty percent (50%) % of the cumulative Consolidated Net Income for earned in each fiscal quarter beginning after the full fiscal quarter ending on June 30after May 28, 2000 2004 (specifically not including with no deduction for a net loss in any Consolidated Net Loss for any such fiscal quarter), ) plus (iii) the cumulative net proceeds of all equity offeringsany Equity Issuance after May 28, except for 2004 (net of the 8%direct costs of such issuance, such as sales and underwriter’s commissions and legal, accounting and investment banking fees).”

Minimum Net Worth. The Company shall at all times maintain its Consolidated Net Worth greater than a the Minimum Net Worth, equal to (i) $37,600,00045,000,000, plus (ii) fifty percent (50%) of the cumulative Consolidated Net Income for each fiscal quarter beginning after the fiscal quarter ending on June 30March 31, 2000 1999 (specifically not including any Consolidated Net Loss for any fiscal quarter), plus (iii) the cumulative net proceeds of all equity offerings, except for offerings made by the 8%Company after the Closing Date.

Minimum Net Worth. The Company and its Restricted Subsidiaries shall at all times maintain its maintain, as of the end of each fiscal quarter, Consolidated Net Worth greater than a Minimum Net Worth, equal to (i) at least $37,600,0001,400,000,000, plus (ii) fifty percent (the sum of 50%) % of the cumulative quarterly Consolidated Net Income Income, for each fiscal quarter with respect to which quarterly Consolidated Net Income is not a loss, for the period beginning after with the fiscal quarter ending on June 30March 31, 2000 (specifically not including any Consolidated Net Loss for any fiscal quarter), plus (iii) the cumulative net proceeds of all equity offerings, except for the 8%1997.

Minimum Net Worth. The Company shall at all times maintain its Consolidated Net Worth greater than a the Minimum Net Worth, equal to (i) $37,600,00040,000,000, plus (ii) fifty percent (50%) of the cumulative Consolidated Net Income for each fiscal quarter beginning after the fiscal quarter ending on June 30March 31, 2000 1999 (specifically not including any Consolidated Net Loss for any fiscal quarter), plus (iii) the cumulative net proceeds of all equity offerings, except for offerings made by the 8%Company after the Closing Date.

Minimum Net Worth. The Company and its Restricted Subsidiaries shall at all times maintain its maintain, as of the end of each fiscal quarter, Consolidated Net Worth greater than a Minimum Net Worth, equal to (i) at least $37,600,0001,450,000,000, plus (ii) fifty percent (the sum of 50%) % of the cumulative quarterly Consolidated Net Income Income, for each fiscal quarter with respect to which quarterly Consolidated Net Income is not a loss, for the period beginning after with the fiscal quarter ending on June 30March 31, 2000 (specifically not including any Consolidated Net Loss for any fiscal quarter), plus (iii) the cumulative net proceeds of all equity offerings, except for the 8%2002.

Minimum Net Worth. The Company shall maintain, on a consolidated basis, as at all times maintain its Consolidated the end of each fiscal quarter, a Tangible Net Worth equal to or greater than a the then applicable Minimum Net Worth. As used herein, "Minimum Net Worth" shall mean $25,000,000, plus cumulative quarterly increases equal to (i) $37,600,000, plus (ii) fifty percent (50%) of the cumulative Consolidated Net Income Company's net income for each all fiscal quarter beginning after the fiscal quarter quarters ending on June 30or after July 31, 2000 (specifically not including 1999, excluding any Consolidated Net Loss adjustments thereto for any fiscal quarter)losses, plus (iii) all amounts contributed to the cumulative net proceeds of all Company as equity offeringsat any time after September 1, except for the 8%1999.