Net Worth Minimum definition

Net Worth Minimum means $60,000,000.
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Net Worth Minimum means, as of any date, the sum of (i) eighty-five ----------------- percent (85%) of Consolidated Net Worth as of December 31, 1997 (after giving effect to the consummation of the Merger Transaction and after giving effect to all Merger Transaction Costs) plus (ii) on the last day of each fiscal quarter ---- to occur after the Closing Date an amount (but not less than zero) equal to 50% of the Consolidated Net Income of the Borrowers and their Restricted Subsidiaries for such fiscal quarter, such increases to be cumulative, plus ---- (iii) eighty percent (80%) of the effect (positive or negative) on Consolidated Net Worth from acquisitions permitted hereunder.
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Net Worth Minimum as of any Testing Date, the sum of (a) $96,625,000, plus (b) an aggregate amount equal to 50% of Consolidated Net Income for each fiscal quarter of the Company ended on or prior to such Testing Date and for which Consolidated Net Income shall be positive, beginning with the fiscal quarter of the Company ending September 29, 1996.
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Examples of Net Worth Minimum in a sentence

  • The Company will not permit Consolidated Net Worth as of any Testing Date to be less than the Net Worth Minimum as of such date.

  • If Tenant’s Net Worth ceases to be equal to or greater than the Net Worth Minimum, Tenant’s right to maintain insurance issued by ▇▇▇▇▇ shall terminate until such time as Tenant’s Net Worth is equal to or greater than the Net Worth Minimum.

  • The Borrowers will not permit Consolidated Net ---------------------- Worth as of any date to be less than the Net Worth Minimum as of such date.

  • Section 5.12 of the Credit Agreement is ---------------------------- hereby amended and restated as follows: Minimum Consolidated Tangible Net Worth Minimum Consolidated Tangible Net Worth.

  • The "NET WORTH --------- MINIMUM" applicable to any date in any fiscal year shall be (i) for any ------- - date in the fiscal year ended December 31, 1997, $8,000,000, and (ii) for -- any date in each fiscal year thereafter, the sum of the Net Worth Minimum for any date in the immediately preceding fiscal year plus 50% (0% in the case of a deficit) of Consolidated Net Income for such immediately preceding fiscal year.

  • Guarantor hereby represents and warrants that during any period of time in which all or any portion of the Loan remains outstanding, Guarantor's Net Worth shall not be less than the Net Worth (Minimum), subject to the Financial Covenant Curative Rights (as set forth in Section 5.22 of the Loan Agreement).

  • Permit the Tangible Net Worth of Borrowers, as of the last day of any fiscal quarter, to be less than the Net Worth Minimum.

  • This adjusted shareholders' equity level shall be referred to as the "Net Worth Minimum." If, however, Blue River shall have declared and paid a dividend as permitted by Section 4.02(a)(i) and its shareholders' equity as initially certified to First Community is less than the Net Worth Minimum, the Merger Consideration shall be adjusted as provided in Section 1.03(a)(ii), and Blue River shall recertify that its shareholders' equity was not less than the Net Worth Minimum.

  • Permit the Tangible Net Worth of Borrower, as of the last day of any fiscal quarter, to be less than the Net Worth Minimum.

  • The Company will not, on any date in ------------------------ any fiscal year, permit Consolidated Net Worth to be less than the Net Worth Minimum applicable to any date in such fiscal year.


More Definitions of Net Worth Minimum

Net Worth Minimum means as of any date, the sum of (i) $78,000,000 plus, on the last date of each fiscal quarter occurring ---- after the date of this Amendment, (ii) the greater of (x) zero and (y) 50% of the net income of Distributors and its Restricted Subsidiaries for such preceding fiscal year, determined on a consolidated basis in accordance with GAAP after eliminating all intercompany items and deducting portions of income properly attributable to outside minority interests, if any, in Restricted Subsidiaries and after adding, to the extent deducted in determining such net income, the amount of any provision for the amortization of Effective Date intangibles.
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Net Worth Minimum means (i) for the last day of each Fiscal Quarter 1, 90% of the consolidated Tangible Net Worth of the Borrowers as of the last day of the prior Fiscal Year, (ii) for the last day of each Fiscal Quarter 2, 75% of the consolidated Tangible Net Worth of the Borrowers as of the last day of the prior Fiscal Year, (iii) for the last day of each Fiscal Quarter 3, 75% of the consolidated Tangible Net Worth of the Borrowers as of the last day of the prior Fiscal Year, (iv) as of the last day of each Fiscal Quarter 4, 110% of the consolidated Tangible Net Worth of the Borrowers as of the last day of the prior Fiscal Year (or in the case of February 1, 2015, as of December 31, 2013).
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Net Worth Minimum means (i) for each March 31, 90% of the consolidated Tangible Net Worth of the Borrowers as of the end of the prior fiscal year, (ii) for each June 30, 75% of the consolidated Tangible Net Worth of the Borrowers as of the end of the prior fiscal year, (iii) for each September 30, 75% of the consolidated Tangible Net Worth of the Borrowers as of the end of the prior fiscal year, and (iv) for each December 31, 110% of the consolidated Tangible Net Worth of the Borrowers as of the end of the prior fiscal year.
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Net Worth Minimum means (i) prior to January 29, 2017, $27,500,000, (ii) on or after January 29, 2017 and prior to January 28, 2018, $40,000,000, and (iii) on January 28, 2018 and thereafter, $50,000,000.
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Net Worth Minimum as defined in SECTION 6.1(B). ----------------- NOTE REGISTER: as defined in SECTION 12.1. ------------- NOTEHOLDER: a registered holder of Notes. ---------- NOTES: as defined in SECTION 1.2(A). ----- OBLIGOR: as defined in SECTION 7.2. ------- OFFERING MEMORANDUM: as defined in SECTION 8.7. ------------------- OFFICERS' CERTIFICATE: of any Person, a certificate executed on --------------------- behalf of such Person by two of its officers, one of whom shall be its Chairman of the Board of Directors (if an officer), its Chief Executive Officer, Chief Operating Officer, President, or one of its Vice Presidents, and the other of whom shall be its Treasurer, Chief Financial Officer or Controller. ORDER: any order, writ, injunction, decree, judgment, award, ----- determination, direction or demand of a court, arbitrator, administrative agency or other Governmental Body. OUTSTANDING: when used with reference to the Notes as of a particular ----------- time, all Notes theretofore issued as provided in this Agreement, except (a) - Notes theretofore reported as lost, stolen, damaged or destroyed, or surrendered for transfer, exchange or replacement, in respect of which replacement Notes have been issued, (b) Notes theretofore paid in full, and (c) Notes theretofore - - canceled by the Company or delivered to the Company for cancellation; provided, -------- however, that, for the purpose of determining whether Noteholders of the ------- requisite principal amount of the Notes have made or concurred in any amendment, waiver, consent, approval, declaration, notice or other communication under this Agreement, Notes owned by the Company or any Affiliate thereof shall not be deemed to be Outstanding.
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Related to Net Worth Minimum

  • Net Worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.

  • Book Net Worth means the aggregate of the common and preferred stockholders' equity in the Borrower, determined in accordance with GAAP.

  • Economic Minimum means the lowest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch.

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Minimum Tangible Net Worth means, with respect to the Parent, at any time, the sum of (a) $1,418,939,250 plus (b) 75% of the aggregate net proceeds received by the Parent or any of its Subsidiaries after September 30, 2013 in connection with any offering of Stock or Stock Equivalents of the Parent or its Subsidiaries; provided however, that any such net proceeds used solely for the purpose of redeeming the Parent’s preferred stock shall not be included in such sum.