Capital Base. The Borrower will maintain, as at the end of each fiscal quarter of the Borrower (commencing with its results as at December 31, 1998), a consolidated Capital Base of not less than $40,000,000.
Capital Base. Have a Capital Base less than $100,000,000.
Capital Base. During each of the periods set forth below, not permit the Borrower's Capital Base to be less than the amount set forth opposite such period at any time: PERIOD CAPITAL BASE March 31, 1995 through and including October 30, 1995 $3,200,000 October 31, 1995 through and including March 30, 1996 $3,300,000 March 31, 1996 to and including October 30, 1996 $3,400,000 October 31, 1996 and thereafter $3,500,000
Capital Base. Maintain a minimum Capital Base, as defined herein, as at 8/31/05 and at the end of each fiscal quarter thereafter of at least the sum of $120,000,000 plus 75% of cumulative consolidated quarterly net income of the Borrower and its Subsidiaries after 8/31/05. In addition, 75% of the net proceeds received by the Borrower or its Subsidiaries from any equity offering will be added to the applicable Capital Base amount required as set forth above for the next succeeding fiscal quarter and in each fiscal quarter thereafter. Net losses, if any, will not be deducted from the applicable calculation of Capital Base. “Capital Base” shall mean for the Borrower and its Subsidiaries on a consolidated basis the sum of Tangible Net Worth plus Subordinated Debt.”
Capital Base. The Borrower will maintain, as at each Determination ------------ Date (commencing with December 31, 2000), a consolidated Capital Base of not less than $10,000,000.
Capital Base. The Borrower shall maintain at all times a minimum Capital Base of at least $9,000,000.00, to be tested quarterly as of the last day of each fiscal quarter.
Capital Base. The Borrower will maintain as at the end of each fiscal quarter of the Borrower (commencing with its results as at December 31, 1998) a consolidated Capital Base which shall not be less than the then-effective Capital Base Requirement. As used in this Section 3.8, the `Capital Base Requirement' will be deemed to have been $17,000,000 as at September 30, 1998; and as at the last day of each fiscal quarter thereafter (beginning with December 31, 1998) the Capital Base Requirement will be deemed to become an amount equal to the sum of: (i) that Capital Base Requirement which had been in effect on the last day of the immediately preceding fiscal quarter, PLUS (ii) 75% of the net proceeds of any equity securities sold by the Borrower during the fiscal quarter then ended and 75% of the net proceeds of any Subordinated Debt issued by the Borrower and/or any of its Subsidiaries during said fiscal quarter then ended (nothing contained herein being deemed to approve the issuance of any such Subordinated Debt), PLUS (iii) 75% of the consolidated quarterly Net Income of the Borrower and Subsidiaries for said fiscal quarter then ended (but without giving effect to any such quarterly Net Income which is less than zero as to any fiscal quarter).
Capital Base. The Borrower will maintain as at the end of each fiscal quarter (commencing with its results as at September 30, 1996) a consolidated Capital Base of not less than the then-effective Capital Base Requirement. As used herein, the "Capital Base Requirement" will be deemed to have been $40,000,000 for June 30, 1996; and as at the last day of each fiscal quarter thereafter (commencing with September 30, 1996) (each, a "Determination Date"), the Capital Base Requirement will be deemed to become an amount equal to the sum of: (i) that Capital Base Requirement which was in effect at the last day of the immediately preceding fiscal quarter, plus (ii) 50% of the consolidated Net Income of the Borrower and Subsidiaries during the fiscal quarter ending at such Determination Date (but without giving effect to any Net Income which is less than zero for any fiscal quarter).
Capital Base. The Borrower will maintain, as at the end of each fiscal quarter of the Borrower, a consolidated Capital Base of not less than $5,000,000.
Capital Base. For each period described below, International will maintain at all times, on a consolidated basis, its Capital Base in an amount not less than: Period Capital Base ------ ------------ 12/25/99 to 1/28/00 $1,470,000 1/29/00 to 2/25/00 $1,650,000 2/26/00 to 3/24/00 $1,775,000 3/25/00 to 4/30/00 $1,900,000"
