Tangible Net Worth Floor definition

Tangible Net Worth Floor means, with respect to Triad, the calculation set forth in Exhibit C attached hereto.
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Tangible Net Worth Floor. Defined in Section 5.4(q).
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Tangible Net Worth Floor means, with respect to the Sponsor, as of the applicable date of determination, an amount equal to the sum of (i) $150,000,000 and (ii) 75% of net capital raised by the Sponsor following the Closing Date.
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Examples of Tangible Net Worth Floor in a sentence

  • If the valuation or other calculation by such third party is 10% or more lower than the number put forth by the party promoting the higher valuation, then that party shall pay the costs of the third party, even in the circumstance where such calculation results in a valuation or other calculation greater than the greater of (x) 7.5% of such entity's Total Assets and (y) Tangible Net Worth Floor.

  • B-1 EXHIBIT C Triad Automobile Receivables Trust 2006-B Tangible Net Worth Floor................

  • C-1 EXHIBIT D Triad Automobile Receivables Trust 2005-A Tangible Net Worth Floor.............................

  • The Administrative Agent shall have received a Compliance Certificate prepared on a pro forma basis as at June 30, 2015 for all calculations (other than Tangible Net Worth and Tangible Net Worth Floor, which shall be calculated as at July 31, 2015), which shall confirm compliance with the financial covenants set out in Section 5.1(12).

  • B-1 EXHIBIT C Triad Automobile Receivables Trust 2005-B Tangible Net Worth Floor....

  • Maintain a Tangible Net Worth as at each Quarterly Date of not less than the Tangible Net Worth Floor as at such time.


More Definitions of Tangible Net Worth Floor

Tangible Net Worth Floor means, at any time, an amount equal to the sum of:
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