Material Net Worth definition
Material Net Worth means the Successor to Tenant shall have a net worth, as determined in accordance with GAAP (exclusive of good will and general intangibles) and certified by an independent certified public accountant reasonably acceptable to Landlord, at least equal to or greater than Tenant’s net worth immediately prior to such merger or consolidation or such acquisition and assumption.
Material Net Worth shall have the meaning set forth in Section 8.01B hereof.
Material Net Worth means (i) in connection with a Reorganization or an assignment pursuant to Section 7.1(d), financial net worth equal to or greater than the product of (a) Two Hundred Million Dollars ($200,000,000) and (b) the percentage increase, if any, in the Index (as hereinafter defined) from the Index in effect on the Commencement Date to the Index in effect on the date of Tenant's Notice or the effective date of the assignment, as the case may be, as evidenced by documentation reasonably satisfactory to Landlord, and (ii) with respect to any other assignment permitted under this Article 7, financial net worth equal to at least ten (10) times the aggregate of the annual Fixed Rent reserved hereunder plus all of the Additional Rent for the preceding calendar year, in each case, allocable to the portion of the Premises that is the subject of the subletting.