Common use of STOCKHOLDERS' EQUITY Clause in Contracts

STOCKHOLDERS' EQUITY. The Company will not, at any time, permit Stockholders' Equity to be less than the sum of (a) $170,000,000, plus (b) an aggregate amount equal to 25% of its Consolidated Net Income (but, in each case, only if a positive number) for each completed fiscal year beginning with the fiscal year ended January 3, 1998.

Appears in 6 contracts

Sources: Third Amendment Agreement (Nash Finch Co), Third Amendment Agreement (Nash Finch Co), Third Amendment Agreement (Nash Finch Co)