Common use of Net Worth Clause in Contracts

Net Worth. The Borrower shall at all times maintain Net Worth in an amount not less than the sum of (a) $65,000,000, plus (b) 50% of Net Income for each fiscal quarter of the Borrower ending after July 1, 2000 (i.e., commencing with the fiscal quarter beginning July 2, 2000), for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. The Borrower Borrowers shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than the sum of (ai) $65,000,000, 102,000,000 plus (bii) 50% of Net Income for each fiscal quarter of the Borrower ending after July 1December 31, 2000 (i.e., commencing with the fiscal quarter beginning July 2, 2000)2015, for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. The Borrower shall shall, at all times during the periods set forth below, maintain Net Worth of the Borrower and the Subsidiaries determined on a consolidated basis in an amount not less than the sum of (ai) $65,000,000140,887,000, plus (bii) 50% of Net Income for each fiscal quarter year of the Borrower ending after July 1, 2000 (i.e., commencing with the fiscal quarter beginning July 2year ending on or about February 28, 2000), 2007) for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zeropositive, plus (iii) 50% of the Net Cash Proceeds of any issuance of equity. (c).

Net Worth. The Borrower shall at all times maintain Net Worth in an amount not less than the sum of (a) $65,000,000100,000,000, plus (b) 50% of Net Income for each fiscal quarter of the Borrower ending after July 1December 31, 2000 (i.e.2006, commencing with the fiscal quarter beginning July 2, 2000)and thereafter, for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. The Borrower shall at all times maintain Net Worth in an amount not less than the sum of (a) $65,000,00045,000,000, plus (b) 50% of Net Income for each fiscal quarter of the Borrower ending on or after July 1June 30, 2000 2005 (i.e., commencing with the fiscal quarter beginning July 2March 31, 20002005), for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. The Borrower Borrowers shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than the sum of (ai) $65,000,000, 59,000,000 plus (bii) 50% of Net Income for each fiscal quarter of the Borrower ending on or after July 1June 30, 2000 (i.e., commencing with the fiscal quarter beginning July 2, 2000)2016, for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. The Borrower shall at all times maintain Net Worth in an amount of not less than the sum of (a) $65,000,000, 61,000,000 plus (b) 50% of Net Income for each fiscal quarter of the Borrower ending on or after July 1December 31, 2000 (i.e., commencing with the fiscal quarter beginning July 2, 2000)2002, for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income for such fiscal quarter then ended is less than zero).

Net Worth. The Borrower Borrowers shall at all times maintain Net Worth of Borrowers and their Subsidiaries determined on a consolidated basis in an amount not less than the sum of (ai) $65,000,000, $ plus (bii) 50% of Net Income for each fiscal quarter of the Borrower ending after July 1on June 30, 2000 (i.e.2015, commencing with the fiscal quarter beginning July 2, 2000), and thereafter for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).

Net Worth. The Borrower shall shall, at all times times, maintain Net Worth in an amount not less than the sum of (ai) $65,000,000, plus 385,000,000 and (bii) 50% of Net Income (if positive) for each fiscal quarter of the Borrower ending on or after July 1March 31, 2000 2007 (i.e., commencing with the fiscal quarter beginning July 2, 2000), without deduction for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zerolosses).