Common use of Tangible Capital Base Clause in Contracts

Tangible Capital Base. During each of the periods set forth below, permit the Tangible Capital Base to be less than the amount set forth below opposite such period at any time: Period Tangible Capital Base ------ --------------------- June 1, 1996 through and including December 30, 1996 $3,300,000 December 31, 1996 through and including June 30, 1997 $3,500,000

Appears in 1 contract

Sources: Loan and Security Agreement (Enstar Inc)

Tangible Capital Base. During each of the periods set forth below, permit the Tangible Capital Base to be less than the amount set forth below opposite such period at any time: Period Tangible Capital Base ------ --------------------- June 1, 1996 through and including March 29, 1997 $3,500,000 March 31, 1997 through and including December 30, 1996 1997 $3,300,000 December 31, 1996 1997 through and including June May 30, 1997 1998 $3,500,0003,600,000

Appears in 1 contract

Sources: Loan and Security Agreement (Enstar Inc)

Tangible Capital Base. During each of the periods set forth below, permit the Tangible Capital Base to be less than the amount set forth below opposite such period at any time: Period Tangible Capital Base ------ --------------------- June 1, 1996 through and including March 29, 1997 $3,500,000 March 31, 1997 through and including December 30, 1996 1997 $3,300,000 December 31, 1996 1997 through and including June May 30, 1997 1998 $3,500,0003,600,000 February 28, 1998 through and including May 30, 1998 $2,650,000

Appears in 1 contract

Sources: Loan and Security Agreement (Enstar Inc)