Combined Tangible Net Worth Sample Clauses

Combined Tangible Net Worth. The Combined Tangible Net Worth in respect of any Relevant Period shall not be less than US$75,000,000 plus an amount equal to 75 per cent. of the combined net income of the Group in respect of each complete financial year of the Company ending after the date of this Agreement.
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Combined Tangible Net Worth. The Company shall maintain a Combined Tangible Net Worth at all times of at least ONE BILLION EIGHTY MILLION AND NO/100 DOLLARS ($1,080,000,000.00) plus seventy-five percent (75%) of the net amount received by the Company from the sale of equity securities, the exercise of warrants and the conversion of debentures to equity after the Closing Date plus seventy-five percent (75%) of any increase in the Company's Combined Tangible Net Worth resulting from the Santa Xxxxx Merger.
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Combined Tangible Net Worth. At any date as of which the amount thereof shall be determined, the combined total assets of both Borrowers and their Subsidiaries, collectively, with inventory and cost of goods determined on a “first in, first out” basis, minus (a) Combined Total Liabilities, and minus (b) the sum of any amounts attributable to (i) the book value, net of applicable reserves, of all intangible assets of both Borrowers and their Subsidiaries, including, without limitation, goodwill, trademarks, copyrights, patents and any similar rights, and unamortized debt discount and expense, (ii) all reserves not already deducted from assets or included in Combined Total Liabilities, (iii) any write-up in the book value of assets resulting from any revaluation thereof subsequent to the date of the Initial Financial Statements, (iv) gain-on-sale accounting, (v) the value of any minority interests in Subsidiaries, (vi) intercompany accounts with Subsidiaries and Affiliates (including receivables due from Subsidiaries and Affiliates), (vii) the value, if any, attributable to any Capital Stock of either Borrower or any Subsidiary held in treasury, and (viii) the value, if any, attributable to any notes or subscriptions receivable due from equity holders in respect of Capital Stock.
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Combined Tangible Net Worth. The Borrowers will not permit the Combined Tangible Net Worth of the Borrowers and their Subsidiaries at any time to be less than the sum of (a) $23,600,144, plus (b) on a cumulative basis, 75% of positive Combined Net Income of the Borrowers and their Subsidiaries for each fiscal quarter beginning with the fiscal quarter ended May 2, 1997, plus (c) 100% of the proceeds of any sale by any Borrower of equity securities issued by Borrowers from and after February 2, 1997, less (d) the Permitted Distributions made from and after February 2, 1997, plus (e) any amortization of the contra account of the Borrowers, described on their combined balance sheet as the "intercompany account" which results in an increase to shareholder's equity.
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Combined Tangible Net Worth. The Company shall not permit, as of --------------------------- the last day of any fiscal quarter, Combined Tangible Net Worth to be less than an amount equal to $2,017,142,130, plus the sum of (a) 75% of Combined Net ---- Income (not reduced by Combined Net Loss for any period) earned in each fiscal quarterly accounting period commencing with the fiscal quarter ending May 29, 1997, and (b) 100% of the amount by which Combined Tangible Net Worth increases as a result of any secondary public or private offering of equity securities by the Company and its Semiconductor Operations Subsidiaries (not in connection with an Acquisition or employee stock option or purchase plans) after the Closing Date.
Sample 1
Combined Tangible Net Worth. 1. Total net assets:/1/ $___________ 2. Net book value of intangible assets:/1/ $___________ 3. Line B.1 less Line B.2: $ ---- ===========
Sample 1
Combined Tangible Net Worth. 1. Total net assets:/1/ $__________
Sample 1
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Combined Tangible Net Worth. The Borrower will not permit Combined Tangible Net Worth at any time to be less than the sum of $20,000,000, plus, on a cumulative basis, 40% of positive Combined Net Income (without deduction for any year in which there is a net loss) for each fiscal year subsequent to the fiscal year ended December 31, 1994.
Sample 1

Related to Combined Tangible Net Worth

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Consolidated Tangible Net Worth (i) The net worth of Seller and its consolidated subsidiaries, on a combined basis, determined in accordance with GAAP, minus (ii) all intangibles determined in accordance with GAAP (including goodwill, capitalized financing costs and capitalized administration costs but excluding originated and purchased mortgage servicing rights or retained residual securities) and any and all advances to, investments in and receivables held from affiliates; provided, however, that the non-cash effect (gain or loss) of any xxxx-to-market adjustments made directly to stockholders’ equity for fluctuation of the value of financial instruments as mandated under the Statement of Financial Accounting Standards No. 133 (or any successor statement) shall be excluded from the calculation of Consolidated Tangible Net Worth.

  • Tangible Net Worth The Seller will not permit its tangible net worth, at any time, to be less than $10,000,000.

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) 203,170,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Minimum Consolidated Tangible Net Worth (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.

  • Minimum Adjusted Tangible Net Worth Seller shall not permit the Adjusted Tangible Net Worth of Seller (and, if applicable, its Subsidiaries, on a consolidated basis), computed as of the end of each calendar month, to be less than $25,000,000.

  • Debt to Tangible Net Worth Borrower will at all times maintain a ratio of total liabilities to tangible net worth of not greater than 1.0:1.0.

  • Consolidated Net Worth Borrower will at the end of each fiscal quarter maintain Consolidated Net Worth in an amount of not less than the sum of (i) $625,000,000 plus (ii) fifty percent (50%) of the aggregate Consolidated Net Income, if positive, for the period beginning January 1, 2005 and ending on the last day of such fiscal quarter.

  • Total Liabilities to Tangible Net Worth Ratio Maintain a ratio of total liabilities to Tangible Net Worth of less than .80 to 1.0 as of the end of each fiscal quarter.

  • Total Liabilities to Tangible Net Worth Permit or suffer the ratio of the consolidated Total Liabilities of the Company and its subsidiaries to the consolidated Tangible Net Worth of the Company and its subsidiaries to be greater than 1.85 to 1.00.

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