Examples of Net Worth Test in a sentence
Notwithstanding anything to the contrary, so long as Tenant satisfies the Self-Insurance Net Worth Test, Tenant may self insure in order to meet any insurance requirements in this Lease.
The Borrower’s failure to satisfy the Consolidated Tangible Net Worth Test shall not constitute an Event of Default or Default; provided, however, that, if the Borrower fails to satisfy the Consolidated Tangible Net Worth Test for two (2) consecutive quarters, then the Term-Out Period shall commence (if it has not already commenced) on the applicable Term-Out Date.
If yes, please list below the name of each equity owner and the category or categories ("Institutional Test," "$1,000,000 Net Worth Test," "$200,000 Income Test," "$300,000 Income Test" or "Affiliation Test") under which the owner is an accredited investor.
The Borrower may make the election under the preceding sentence only if it makes the corresponding election with respect to the Consolidated Tangible Net Worth Test at the same time.
You will not be subject to the Tax Liability Test or the Net Worth Test if you satisfy one of the following exceptions: Dual Citizens: This exception will apply if you became at birth a U.S. citizen and a citizen of another country and you continue to be a citizen of, and are taxed as a resident of, that other country.