Tangible Net Worth Covenant definition

Tangible Net Worth Covenant means that the Parent will have a minimum Tangible Net Worth of $100,000,000.
Sample 1Sample 2Sample 3
Tangible Net Worth Covenant means the financial covenant set forth in Section 6.9 of this Agreement.
Sample 1Sample 2
Tangible Net Worth Covenant means that the Parent will have a minimum Tangible Net Worth of $100,000,000. Confidential Treatment Requested by Oportun Financial Corporation Pursuant to 17 C.F.R. Section 200.83
Sample 1

Examples of Tangible Net Worth Covenant in a sentence

  • In no event shall the Minimum Tangible Net Worth Covenant be decreased.

  • Increases in the Minimum Tangible Net Worth Covenant based on net income shall be effective on the last day of the fiscal quarter in which said net income is realized, and shall continue effective thereafter.

  • Increases in the Minimum Tangible Net Worth Covenant based on consideration received for equity securities and subordinated debt of the Borrower shall be effective as of the end of the month in which such consideration is received, and shall continue effective thereafter.

  • By taking small steps, clients then become more accustomed to their responses, and thereby breaking their old habits when confronted with their initial mental problems.

  • 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 Covenant at the same time.

  • The Company shall violate the Tangible Net Worth Covenant or the Incurrence Covenant.

  • Increases in the Minimum Tangible Net Worth Covenant based on net income shall be effective on the last day of the Period in which said net income is realized, and shall continue effective thereafter.

  • Lender and Borrower amended the Fourth Amended Loan Agreement, the Fourth Amended Revolving Note, and the related Loan Documents pursuant to the Tenth Amendment to Loan Documents effective as of June 30, 2012 to modify the Tangible Net Worth Covenant.

  • The undersigned Responsible Officer of Residential Capital, LLC (“ResCap”) certifies to the Lender that ResCap is in compliance with the GMAC Revolver financial covenants referenced in Section 8.01(j) of the Loan Agreement as demonstrated on Exhibits A and B attached hereto; Attached as Exhibit A hereto are calculations demonstrating ResCap’s compliance with the Consolidated Tangible Net Worth Covenant.

  • Instructions for Modified Federal Income Tax Deduction, Schedule H-NRALine 1 – Enter the amount of your federal income tax liability from the Federal Income Tax Deduction worksheet on page 2.Line 2 – Enter the amount of federal disaster relief credits claimed on your federal return.


More Definitions of Tangible Net Worth Covenant

Tangible Net Worth Covenant means that the Parent will have a minimum Tangible Net Worth equal to the greater of (i) $100,000,000 and (ii) the minimum tangible net worth or similar covenant for the Parent set forth in any Oportun Comparable Facility. 4166-0661-7649.19
Sample 1
Tangible Net Worth Covenant is defined in Section 9.11(b).
Sample 1
Tangible Net Worth Covenant means that the Parent will have a minimum Tangible Net Worth equal to the greater of (i) $100,000,000 and (ii) the minimum tangible net worth or similar covenant for the Parent set forth in any Oportun Comparable Facility.
Sample 1

Related to Tangible Net Worth Covenant

  • Tangible Net Worth means at any date as of which the amount thereof shall be determined, the consolidated total assets of Borrower and its Subsidiaries minus, without duplication, (i) the sum of any amounts attributable to (a) goodwill, (b) intangible items such as unamortized debt discount and expense, patents, trade and service marks and names, copyrights and research and development expenses except prepaid expenses, and (c) all reserves not already deducted from assets, and (ii) Total Liabilities.

  • Consolidated Tangible Net Worth means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, Shareholders’ Equity of the Borrower and its Subsidiaries on that date minus the Intangible Assets of the Borrower and its Subsidiaries on that date.

  • 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.

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Financial Covenant means the covenant set forth in Section 7.09.