Minimum Adjusted Tangible Net Worth definition
Minimum Adjusted Tangible Net Worth shall have the meaning assigned to such term in the Pricing Side Letter.
Minimum Adjusted Tangible Net Worth. The amount referenced in Section 13.12 of the Agreement is Eleven Million and No/100 Dollars ($11,000,000.00).
Minimum Adjusted Tangible Net Worth shall have the meaning set forth in Section 10.7.4 hereof.
Examples of Minimum Adjusted Tangible Net Worth in a sentence
The Guarantor’s consolidated Adjusted Tangible Net Worth is not less than the Minimum Adjusted Tangible Net Worth.
Guarantor shall maintain, as of the end of each calendar month, a consolidated Adjusted Tangible Net Worth not less than the Minimum Adjusted Tangible Net Worth.
More Definitions of Minimum Adjusted Tangible Net Worth
Minimum Adjusted Tangible Net Worth means, at any time, the sum of (i) $80,000,000, (ii) an amount (if positive) equal to 50% of the Consolidated Net Income of the Borrower for the period from July 1, 1995 to the end of the then most recently ended fiscal quarter (determined on a cumulative basis) and (iii) an amount equal to 50% of the net proceeds of any equity issuance received by the Borrower after August 24, 1995 (other than the proceeds of any equity issuance received by the Borrower pursuant to the Keep Well Agreement).
Minimum Adjusted Tangible Net Worth means (i) with respect to PMC $150,000,000, (ii) with respect to PMH $250,000,000, and (iii) with respect to POP $700,000,000.
Minimum Adjusted Tangible Net Worth. With respect to the Borrower, maintain an Adjusted Tangible Net Worth of not less than One Hundred Seventy-Five Million Dollars ($175,000,000) plus fifty percent (50%) of the Borrower's cumulative positive annual net income (on a consolidated basis) for each fiscal quarter from September 30, 2002 onwards, plus seventy-five percent (75%) of the net proceeds received by the Borrower (or any of the Borrower's Subsidiaries) from the issuance of Equity Interests issued after the Closing Date.
Minimum Adjusted Tangible Net Worth means $240,164,000. Such amount shall increase on the first day of each fiscal quarter of Company by an amount equal to fifty percent of the Consolidated Net Income of Company, if positive, calculated as of the last day of the immediately preceding fiscal quarter.