Tangible Capital Base. Parent Guarantor shall maintain a Tangible Capital Base of not less than $28,000,000, such amount to be increased annually on January 31 of each year commencing January 31, 2007 by an amount equal to fifty percent (50%) of positive net income, if any, for the Fiscal Year then ended, measured quarterly.
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Sources: Loan and Security Agreement (First Aviation Services Inc)
Tangible Capital Base. Parent Guarantor shall maintain a Tangible Capital Base of not less than $28,000,00021,500,000, such amount to be increased annually on January 31 of each year commencing January 31, 2007 by an amount equal to fifty percent (50%) of positive net income, if any, for the Fiscal Year then ended, measured quarterly.
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