Common use of Minimum Tangible Net Worth Clause in Contracts

Minimum Tangible Net Worth. The Borrower will not at any time permit the Tangible Net Worth of the Borrower to be less than $350,000,000 plus 75% of Net Offering Proceeds.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 582,332,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2010.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 3,000,000,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after March 31, 2012.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 1,900,000,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after December 31, 2012 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 2,250,000,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after June 30, 2011.

Minimum Tangible Net Worth. The Borrower will not at any time shall not, as of the last day of each fiscal quarter, permit the Tangible Net Worth of the Borrower and its Subsidiaries determined on a consolidated basis to be less than (i) $350,000,000 plus 75(ii) 80% of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after June 30, 2006 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 850,000,000.00 plus (ii) seventy-five percent (75% %) of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after December 31, 2020, by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries plus (iii) fifty percent (50%) of positive Consolidated Earnings after taxes earned in any fiscal quarter ended after the Agreement Date.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the Tangible Net Worth of the Borrower and its Subsidiaries, on a consolidated basis, to be less than (a) $350,000,000 33,739,570.00, plus 75(b) 90% of Net Offering Proceedsthe amount of proceeds in cash or Property (net of transaction costs) received by Borrower from the sale or issuance by Borrower of Shares, options, warrants or other Equity Interests of any class or character after June 30, 2003.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 202,500,000 plus (ii) seventy-five percent (75% %) of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after December 31, 2015, by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries plus (iii) fifty percent (50%) of positive Consolidated Earnings after taxes earned in any fiscal quarter ended after December 31, 2015.

Minimum Tangible Net Worth. The Borrower will not permit its Tangible Net Worth, determined on a consolidated basis, at any time permit the Tangible Net Worth of the Borrower to be less than the sum of (i) $350,000,000 31,000,000, plus 75% (ii) seventy percent (70%) of the Net Offering ProceedsProceeds from the issuance of equity securities of Borrower after the Closing Date.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the its Tangible Net Worth determined on a consolidated basis at the end of the Borrower any fiscal quarter to be less than (i) $350,000,000 736,788,750 plus 75% (ii) ninety percent (90%) of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after the Effective Date by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the Tangible Net Worth of the Borrower and its Subsidiaries, on a consolidated basis, to be less than (a) $350,000,000 130,000,000.00, plus 75(b) 90% of Net Offering Proceedsthe amount of proceeds in cash or Property (net of transaction costs) received by Borrower from the sale or issuance by Borrower of Shares, options, warrants or other Equity Interests of any class or character after December 31, 2008.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 160,519,584 plus (ii) seventy-five percent (75% %) of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after March 31, 2015 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries plus (iv) fifty percent (50%) of positive Consolidated Earnings after taxes earned in any fiscal quarter ended after the Agreement Date.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the Tangible Net Worth of the Borrower and its Subsidiaries, on a consolidated basis, to be less than (a) $350,000,000 164,000,000.00, plus 75(b) 90% of Net Offering Proceedsthe amount of proceeds in cash or Property (net of transaction costs) received by Borrower from the sale or issuance by Borrower of Shares, options, warrants or other Equity Interests of any class or character after June 30, 2007.

Minimum Tangible Net Worth. The Borrower will not at any At no time permit shall the Tangible Net Worth of the Borrower to (on a consolidated basis) be less than the greater of (i) $350,000,000 plus 40,000,000, and (ii) seventy-five percent (75% %) of Net Offering Proceedsthe net proceeds of any Equity Issuance (including, without limitation, the IPO) from and after the date of this Agreement by the Parent.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than $350,000,000 (i) $ plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after the Agreement Date.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 3,360,000,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after August 9, 2010.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 605,173,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after the Agreement Date.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 605,173,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after March 12, 2012.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the Tangible Net Worth of the Borrower to be less than $350,000,000 (i) 1,750,000,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after March 31, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 2,095,995,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after March 31, 2011.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the its Tangible Net Worth at the end of the Borrower any fiscal quarter to be less than (i) $350,000,000 325,000,000 plus 75(ii) 85% of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after March 31, 2004 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 300,000,000.00 plus (ii) seventy-five percent (75% %) of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after December 31, 2016, by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries plus (iii) fifty percent (50%) of positive Consolidated Earnings after taxes earned in any fiscal quarter ended after December 31, 2016.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 1,750,000,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected at any time after March 31, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the its Tangible Net Worth determined on a consolidated basis at the end of the Borrower any fiscal quarter to be less than (i) $350,000,000 1,502,612,000, plus (ii) seventy-five percent (75% %) of the Net Offering ProceedsProceeds of all Equity Issuances since September 30, 2011.

Minimum Tangible Net Worth. The Borrower will shall not at any time permit the its Tangible Net Worth determined on a consolidated basis at the end of the Borrower any fiscal quarter to be less than (i) $350,000,000 1,502,612,000, plus (ii) seventy-five percent (75% %) of the Net Offering ProceedsProceeds of all Equity Issuances.

Minimum Tangible Net Worth. The Borrower will not permit its Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than the sum of $350,000,000 2,000,000 plus 7550% of Borrower's Net Offering ProceedsIncome (but not loss) for each fiscal quarter occurring after March 31, 2005, taken as a single accounting period plus 85% of the net cash proceeds from the sale of any Equity Interests of Borrower after March 31, 2005.

Minimum Tangible Net Worth. The Borrower will shall not permit Tangible Net Worth at any time permit the Tangible Net Worth of the Borrower to be less than (i) $350,000,000 3,360,000,000 plus (ii) 75% of the Net Offering ProceedsProceeds of all Equity Issuances effected by the Borrower or any Subsidiary (other than Equity Issuances to the Borrower or any Subsidiary) after the Agreement Date.