Common use of Tangible Net Worth Clause in Contracts

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Dollars ($3,000,000).

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar monthquarter, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Dollars Thirty Million ($3,000,000)30,000,000.00) as of the month ending December 31, 1999, and as of the last day of each month thereafter.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Forty Million Dollars ($3,000,00040,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Four Million Dollars ($3,000,000)4,000,000) plus thirty-five percent (35%) of Borrower's quarterly net income.

Tangible Net Worth. At all times after the hereof, Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Dollars ($3,000,000)4,500,000."

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE FOUR MILLION SIX HUNDRED THOUSAND AND NO/1OOTHS NO/100THS Dollars ($3,000,0004,600,000).

Tangible Net Worth. As of the Closing Date, Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Four Million Dollars ($3,000,000)4,000,000) plus thirty-five percent (35%) of Borrower's quarterly net income after March 23, 2000.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth plus Subordinated Debt of not less than THREE MILLION AND NO/1OOTHS Three Million Dollars ($3,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Four Million Two Hundred Fifty Thousand Dollars ($3,000,000)4,250,000) plus (i) 75% of Borrower's quarterly net income (but not loss) for each fiscal quarter of the Borrower after the date hereof, plus (ii) 100% of the net proceeds of any issuance by Borrower of its equity securities or Subordinated Debt after the date hereof.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar fiscal quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000)beginning with the fiscal quarter ending August 31, and intraquarterly, as of the last day of each calendar month1997, a Tangible Net Worth of not less than THREE FOUR MILLION AND NO/1OOTHS NO/100THS Dollars ($3,000,0004,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar monthquarter, a Tangible Net Worth of not less than THREE TWENTY FIVE MILLION AND NO/1OOTHS Dollars ($3,000,00025,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last calendar day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar monthfiscal quarter, a Tangible Net Worth of not less than THREE ONE HUNDRED MILLION AND NO/1OOTHS Dollars ($3,000,000100,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE EIGHTEEN MILLION AND NO/1OOTHS Dollars DOLLARS ($3,000,00018,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, tested as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Four Million Dollars ($3,000,0004,000,000). From and after the Borrower's next issuance of equity, the Borrower shall maintain at all times thereafter, Tangible Net Worth in an amount equal to the sum of Four Million Dollars ($4,000,000) , plus seventy five percent (75%) of the net amount raised in such equity issuance.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar monthfiscal quarter, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Twenty Four Million, Five Hundred Thousand Dollars ($3,000,00024,500,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000)month commencing APRIL 30, and intraquarterly, as of the last day of each calendar month2000, a Tangible Net Worth of not less than THREE FIFTEEN MILLION AND NO/1OOTHS NO/100THS Dollars ($3,000,00015,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Three Million Dollars ($3,000,000)) plus 25% of Borrower’s net income (but not loss) after taxes for each fiscal quarter of the Borrower from and after the date of this Agreement.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter quarter, a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000)4,000,000 through the period ending September 30, and intraquarterly1998; thereafter, Borrower shall maintain, as of the last day of each calendar monthquarter, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Dollars ($3,000,000)5,000,000 through the period ending March 31, 1999; and, thereafter, Borrower shall maintain, as of the last day of each calendar quarter, a Tangible Net Worth of not less than $6,000,000.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day ------------------ of each calendar month, a Tangible Net Worth plus Subordinated Debt of not less than THREE MILLION AND NO/1OOTHS (i) Three Million Dollars ($3,000,000)) plus (ii) Fifty Percent (50%) of the net proceeds received by Borrower from the sale of its equity securities after the Closing Date.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION the total outstanding principal and accrued interest under all credit facilities from Bank to Borrower plus TWO HUNDRED THOUSAND AND NO/1OOTHS NO/100THS Dollars ($3,000,000200,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Dollars $14,000,000 plus ($3,000,000a) 25% of proceeds (net of reasonable offering and issuance costs) received by Borrower after the Closing Date and on or before the end of such calendar month with respect to the issuance of equity securities by Borrower and (b) 25% of cumulative quarterly net income (not excluding any losses), measured as of the last fiscal quarter.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth plus Subordinated Debt of not less than THREE MILLION AND NO/1OOTHS Five Million, Two Hundred Fifty Thousand Dollars ($3,000,0005,250,000).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar monthquarter, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Forty-Five Million Dollars ($3,000,00045,000,000.00).

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar calender month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Dollars ($3,000,000)1,250,000.

Tangible Net Worth. Borrower shall maintain, as of the last day of each calendar quarter a Tangible Net Worth of not less than THREE MILLION FIVE HUNDRED THOUSAND AND NO/1OOTHS Dollars ($3,500,000), and intraquarterly, as of the last day of each calendar month, a Tangible Net Worth of not less than THREE MILLION AND NO/1OOTHS Two Million Five Hundred Thousand Dollars ($3,000,000)2,500,000) plus fifty percent (50%) of Borrower's quarterly net profits after tax.