Minimum Tangible Net Worth Covenant. WLH will maintain, on a consolidating basis, a minimum Tangible Net Worth equal to or greater than: (a) $357,800,000.00 plus (b) fifty percent (50%) of WLH’s quarterly Net Income on a cumulative basis commencing as of March 31, 2006.
Minimum Tangible Net Worth Covenant. WLH will maintain, on a consolidating basis, a minimum Tangible Net Worth equal to or greater than Ninety Million Dollars ($90,000,000.00).”
Minimum Tangible Net Worth Covenant. Section 9.9(a) of the Credit Agreement is hereby deleted and restated as follows:
Minimum Tangible Net Worth Covenant. Section 6.15.4 of the Loan Agreement is hereby amended by deleting the phrase "March 31, 2010" and replacing it with the phrase "December 31, 2011".
Minimum Tangible Net Worth Covenant. Guarantor shall maintain a Tangible Net Worth of at least $175,000,000.00 plus fifty percent (50%) of Guarantor’s net profit after tax on a cumulative basis, commencing as of December 31, 2003.
Minimum Tangible Net Worth Covenant. Minimum Tangible Net Worth" shall be an amount equal to or greater than the sum of the following: (i) eighty five percent (85%) of Tangible Net Worth as of September 30, 2014, (ii) fifty percent (50%) of Net Income reported in each successive Fiscal Quarter with no deduction for operating losses reported for such Fiscal Quarter, (iii) one hundred percent (100%) of the net proceeds from any additional equity offering in excess of Five Million and 00/100 Dollars ($5,000,000.00), and (iv) fifty percent (50%) of any incremental additive equity associated with any Acquisition.”
Minimum Tangible Net Worth Covenant. The minimum Tangible Net Worth of WLH, on a consolidated basis but without duplication, is ;
Minimum Tangible Net Worth Covenant. Guarantor shall maintain a Tangible Net Worth of at least $90,000,000.00.”
Minimum Tangible Net Worth Covenant. As of March 31, 1997, Borrower will have minimum Tangible Net Worth, computed in accordance with the provisions of this Agreement, equal to or greater than $95,000,000. On each Test Date, commencing with the June 30, 1997 Test Date, Borrower will have minimum Tangible Net Worth equal to or greater than $95,000,000 plus the cumulative Adjusted Net Increase.
Minimum Tangible Net Worth Covenant. “Minimum Tangible Net Worth” shall be an amount equal to or greater than the sum of the following: (i) eighty five percent (85%) of Tangible Net Worth as of June 30, 2018, (ii) fifty percent (50%) of Net Income reported in each successive Fiscal Quarter with no deduction for operating losses reported for such Fiscal Quarter, (iii) one hundred percent (100%) of the net proceeds from any additional equity offering in excess of Five Million and 00/100 Dollars ($5,000,000.00), and (iv) fifty percent (50%) of any incremental additive equity associated with any Acquisition, less the Merger Shareholder Equity Reduction and less Fleet Renewal Expenses.
