Common use of Tangible Net Worth Clause in Contracts

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth of not less than Three Million Dollars ($3,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth of not less than Three Million Seven Hundred Thousand Dollars ($3,000,000700,000).

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 THREE MILLION AND NO/1OOTHS Dollars ($3,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar monthfiscal quarter during the term of this Agreement, a Tangible Net Worth of not less than Three Million Three Hundred Thousand Dollars ($3,000,0003,300,000)."

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth of not less than Three Four Million Dollars ($3,000,000)4,000,000) plus thirty-five percent (35%) of Borrower's quarterly net income.

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth of not less than Three Million Million' Dollars ($3,000,0003,000,000.00)." and inserting in lieu thereof the following:

Tangible Net Worth. Borrower shall maintain, as of the last day of ------------------ of each calendar month, a Tangible Net Worth of not less than Three Million Dollars ($3,000,0003,000,000.00).

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar monthmonth after the Equity Event, a Tangible Net Worth of not less than Three Million Five Hundred Thousand Dollars ($3,000,0003,500,000).

Tangible Net Worth. Borrower shall maintain, : (i) as of the last day ------------------ of each calendar monthquarter, a Tangible Net Worth of not less than Three Million Dollars ($3,000,0003,000,000.00), and (ii) on a monthly basis, as of the last day of all months which are not the last month of a quarter, a Tangible Net Worth of not less than Two Million Five Hundred Thousand Dollars ($2,500,000.00)."

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth of not less than Three Million Five Hundred Thousand Dollars ($3,000,0003,500,000).

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth of not less than Three Million Five Hundred Thousand Dollars ($3,000,0003,500,000).

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar monthfiscal quarter, a Tangible Net Worth of not less than Three Million Dollars ($3,000,000).

Tangible Net Worth. Borrower shall maintain, : (i) as of the last day ------------------ of each calendar monthquarter, a Tangible Net Worth of not less than Three Million Dollars ($3,000,0003,000,000.00), and (ii) on a monthly basis, as of the last day of all months which are not the last month of a quarter, a Tangible Net Worth of not less than Two Million Five Hundred Thousand Dollars ($2,500,000.00)." and inserting in lieu thereof the following:

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth plus Subordinated Debt of not less than (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 month, a Tangible Net Worth of not less than Three Thirty Million Dollars ($3,000,00030,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth of not less than 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 month, a Tangible Net Worth of not less than Three Million Dollars ($3,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar monthmonth beginning on April 30, 1998, a Tangible Net Worth plus Subordinated Debt of not less than Three Million Dollars ($3,000,000).

Tangible Net Worth. Borrower shall maintain, as of the last day ------------------ of each calendar month, a Tangible Net Worth plus Subordinated Debt of not less than Three Million Five Hundred Thousand Dollars ($3,000,0003,500,000). After the Equity Event, Borrower shall maintain, as of the last day of each fiscal quarter, a Tangible Net Worth plus Subordinated Debt of not less than Three Million Five Hundred Thousand Dollars ($3,500,000).