Minimum Consolidated Tangible Net Worth definition

Minimum Consolidated Tangible Net Worth means, (i) with respect to any Fiscal Quarter ending on or prior to December 31, 2011, $225,000,000 and (ii) with respect to any Fiscal Quarter ending after December 31, 2011, the sum of (A) the Minimum Consolidated Tangible Net Worth for the immediately preceding Fiscal Quarter plus (B) the greater of (1) 50% of Consolidated Net Income for Holdings and its Subsidiaries with respect to the current Fiscal Quarter and (2) zero. For example, if the Consolidated Net Income for Holdings and its Subsidiaries for the Fiscal Quarter ending March 31, 2012 is $20,000,000, the Minimum Consolidated Tangible Net Worth for the Fiscal Quarter ending March 31, 2012 will be $235,000,000 (i.e., the Minimum Consolidated Tangible Net Worth for the Fiscal Quarter ending December 31, 2011 plus 50% of $20,000,000).
Minimum Consolidated Tangible Net Worth means $175,000,000.
Minimum Consolidated Tangible Net Worth means an amount equal to 80% of the Consolidated Tangible Net Worth of the Company as of September 30, 2012.

Examples of Minimum Consolidated Tangible Net Worth in a sentence

  • Holdings shall have, on the last day of each Fiscal Quarter, a Consolidated Tangible Net Worth at least equal to the Minimum Consolidated Tangible Net Worth with respect to such Fiscal Quarter.

  • In no event shall the failure to meet the Minimum Consolidated Tangible Net Worth requirement stated above at the end of any fiscal quarter be counted toward the making of more than one Offer hereunder.

  • The Consolidated Tangible Net Worth of the Borrower will not at any time be less than Minimum Consolidated Tangible Net Worth.

  • In no event shall the failure to meet the Minimum Consolidated Tangible Net Worth requirement stated above at the end of any fiscal quarter be counted toward the making of more than one Offer hereunder.Notice of an Offer, together with a form of letter of transmittal, shall be mailed by the Company not less than 25 days before the Purchase Date to the Trustee and to the Holders at their last registered addresses.

  • Body Corporates, Partnership Firms, High Net Individuals having experience in similar sectors: Minimum Consolidated Tangible Net Worth* of INR 50 Crores (INR Fifty Crores) or more as of 31st March 2020 or based on the latest audited financial statements of the entity and as certified by a Chartered Accountant.


More Definitions of Minimum Consolidated Tangible Net Worth

Minimum Consolidated Tangible Net Worth means the Consolidated Tangible Net Worth (as defined below) of Bolle and its Subsidiaries, as of the date of the Spinoff, plus the amount of any additional equity raised through the public markets by Bolle or any member of the Bolle Group subsequent to the Spinoff (while a member of the Bolle Group), net of all transactional expenses associated therewith. The Consolidated Tangible Net Worth of Bolle and its Subsidiaries shall be determined by subtracting all intangible assets included in the computation of Consolidated Net Worth at the time in question from such Consolidated Net Worth ("Consolidated Tangible Net Worth")) as evidenced by a certificate to that effect issued by the Treasurer or Chief Financial Officer of Bolle.
Minimum Consolidated Tangible Net Worth means the sum of (a) $90,000,000 plus (b) seventy-five percent (75%) of any increase in the shareholders equity of Borrower resulting from the issuance of equity securities by Borrower after the Effective Date of the Second Amendment.
Minimum Consolidated Tangible Net Worth has the meaning assigned thereto in Section 8.12(b).
Minimum Consolidated Tangible Net Worth means (i) $1,015,000,000, plus (ii) 70% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time since December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008.
Minimum Consolidated Tangible Net Worth has the meaning assigned to that term in Section 7.01 hereof.
Minimum Consolidated Tangible Net Worth. Means as of the Closing Date a Consolidated Tangible Net Worth equal to at least $135,000,000; and for each Fiscal Quarter ending thereafter 50% of the Consolidated Net Income for the Fiscal Quarter just ended plus the Minimum Consolidated Tangible Net Worth calculated as of the later of (i) the Closing Date or (ii) the last day of the Fiscal Quarter immediately preceding the Fiscal Quarter in question.
Minimum Consolidated Tangible Net Worth means, as of any date of determination, an amount equal to the Tangible Net Worth of Borrower or Guarantor, as applicable, and its respective Subsidiaries.