Examples of Cumulative Net Income Amount in a sentence
The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its stockholders or make any distribution of its assets to its stockholders if an Event of Default has occurred and is continuing or would occur as a result of such distribution or to the extent such distribution plus any prior distributions after the Closing Date exceeds the Cumulative Net Income Amount.
This necessitated the preparation and implementation of Environmental and Social Impact Assessment (ESIAs) and Resettlement Action Plans (RAPs).
The Company will not permit Consolidated Tangible Net Worth at any time to be less than $120,000,000 plus the Cumulative Net Income Amount.