Common use of Tangible Capital Base Clause in Contracts

Tangible Capital Base. The Borrower shall not permit its Tangible Capital Base to be less than (a) $13,000,000 at June 30, 1999 (the "Initial Threshold Amount"); (b) $13,250,000 at September 30, 1999; (c) $13,500,000 at December 31, 1999; (d) $13,750,000 at March 31, 2000; (e) $14,000,000 at June 30, 2000; and (f) $250,000 plus the amount of the immediately preceding Threshold Amount at the end of each subsequent fiscal quarter thereafter.

Tangible Capital Base. The Borrower shall not permit its Tangible Capital Base to be less than (a) $13,000,000 14,000,000 at June 30, 1999 2000 (the "Initial Threshold Amount"); and (b) $13,250,000 at September 30, 1999; (c) $13,500,000 at December 31, 1999; (d) $13,750,000 at March 31, 2000; (e) $14,000,000 at June 30, 2000; and (f) $250,000 plus the amount of the immediately preceding Threshold Amount at the end of each subsequent fiscal quarter thereafter.