Minimum Required Amount definition

Minimum Required Amount means, as of any time, the sum of: (i) $25,000,000; plus (ii) fifty percent (50%) of Consolidated Net Income for each fiscal quarter of the Company (if Consolidated Net Income for such fiscal quarter is positive) completed on or after April 1, 1997.
Minimum Required Amount means (i) $300,000,000 during the Annual Measurement Period commencing on December 31, 2002, and (ii) during each Annual Measurement Period thereafter, an amount equal to the sum of (x) the Minimum Required Amount for the immediately preceding Annual Measurement Period plus (y) an amount equal to 50% of the cumulative positive Consolidated Net Income earned in the fiscal year completed during the immediately preceding Annual Measurement Period (but without subtraction for any negative Consolidated Net Income for any such fiscal year); PROVIDED, HOWEVER, in each case such Minimum Required Amount shall increase on the date of the issuance of capital securities (other than in connection with the Parent's Stock Compensation Program, Employee Stock Purchase Plan, Stock Award and Incentive Plan and any similar programs or plans and the JLW Acquisition) by the Parent by an amount equal to 100% of the Net Cash Proceeds of such issuance. As used herein the term "Annual Measurement Period" shall mean each period commencing on December 31 of a calendar year and ending on December 30 of the immediately subsequent calendar year.
Minimum Required Amount means, from the Closing Date through September 30, 2002, $125,000,000, and thereafter shall mean (x) the greater of (i) $125,000,000 or (ii) the Borrower's Tangible Net Worth as of September 30, 2002 less $40,000,000, plus (y) on and after January 1, 2003, 30% of the aggregate Net Income (without deduction for losses) earned during each fiscal quarter of the Borrower ending on and after December 31, 2002, plus (z) 80% of the amount of the Net Cash Proceeds received by the Borrower from any equity issuance by, or capital or equity contribution to, the Borrower after the Closing Date.

Examples of Minimum Required Amount in a sentence

  • The Parent will at all times maintain a Consolidated Net Worth of not less than the Minimum Required Amount.

  • The Company will, as of the last day of each fiscal quarter of the Company, maintain Tangible Net Worth at not less than the Minimum Required Amount.

  • The Hub Group shall at all times maintain its Net Worth of not less than the Minimum Required Amount.

  • The Borrower will at all times have Tangible Net Worth of not less than the Minimum Required Amount.

  • This insurance shall include: Type of Coverage Minimum Required Amount a.


More Definitions of Minimum Required Amount

Minimum Required Amount means the contribution required to satisfy the minimum funding requirements of ERISA. For purposes of this paragraph, the minimum required contribution shall not include any additional contribution requirements or elections based upon the plan’s ratio of actuarial or market value of assets to the actuarial accrued liabilities measured for ERISA purposes. The minimum required amount shall be measured without regard to any prepayment credits that have been accumulated for ERISA purposes (i.e., prefunding balances).
Minimum Required Amount means $90,000,000 and shall increase as of July 1, 1996 and as of the first day of each fiscal quarter of the Borrower ending thereafter by an amount equal to 10% of positive Net Income from and after April 1, 1996.
Minimum Required Amount means (i) $175,000,000 for the period from and including the Closing Date through and including December 31, 2005 and (ii) during each Annual Measurement Period (as defined below) thereafter, an amount equal to the sum of (x) the Minimum Required Amount for the immediately preceding Annual Measurement Period plus (y) an amount equal to 25% of the cumulative positive Net Income earned in such immediately preceding Annual Measurement Period (but without subtraction for any negative Net Income for any such period); provided, however, that in each case such Minimum Required Amount shall increase on the date of the issuance of equity securities by the Company by an amount equal to 25% of the Net Cash Proceeds of such issuance. As used herein the term "Annual Measurement Period" shall mean each period commencing on January 1 of a calendar year and ending on December 31 of such calendar year.
Minimum Required Amount means $115,000,000 and shall increase (but never decrease) as of the last day of each fiscal quarter of the Borrower thereafter by an amount (if positive) equal to 80% of Net Income for the fiscal quarter then ended.
Minimum Required Amount means (a) $150,000,000 through January 2, 1999 and (b) shall increase (but never decrease) on a cumulative basis as of March 27, 1999 and as of the last day of each fiscal quarter of the Borrower thereafter, by an amount equal to 50% of Consolidated Net Income for the fiscal quarter of the Borrower then ended (if positive for such quarter)."
Minimum Required Amount means (a) $17,000,000 through March 31, 1998, and (b) shall increase (but never decrease) as of each monthly accounting period of the Company ending on or about April 30, 1998 and as of the last day of each month occurring thereafter, in each case by an amount equal to 50% of Net Income (if positive) for the month then ended.
Minimum Required Amount means $275,000,000 and shall increase (but never decrease) by 60% of Net Cash Proceeds of any equity offering completed by any member of the Hub Group (other than an equity offering to another member of the Hub Group) after the Third Amendment Effective Date.