Consolidated Stockholders' Equity. Permit Consolidated Stockholders' Equity of the Company to be less than $100,000,000 at any time.
Consolidated Stockholders' Equity. Permit Consolidated Stockholders’ Equity, at any time, to be less than $351,918,000 increased on a cumulative basis at the end of each fiscal quarter of the Borrower, beginning with the fiscal quarter starting October 1, 2005, an amount equal to 50% of Consolidated Net Income (to the extent positive) for the fiscal quarter then ended.
Consolidated Stockholders' Equity. The Company will maintain, at the end of each calendar quarter, Consolidated Stockholders' Equity of at least $650,000,000 exclusive of the effect of any noncash writedowns made subsequent to the date hereof.
Consolidated Stockholders' Equity. In the event that Marine's stockholders' equity on a consolidated basis (including the accounts of Marine and Company) as reported in Marine's first periodic report filed with the SEC following the Closing, and after, and not including, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2005 (the "Consolidated Equity"), is less than $5,000,000, the Members shall contribute, within fifteen (15) days following the filing of such periodic report, equity capital to Marine in an amount equal to the difference between $5,000,000 and the actual Consolidated Equity reported in such periodic report ("Required Contribution"). In the case of such Required Contribution, Marine and each of the Members agree that no additional shares of Marine Common Stock or Marine Preferred Stock shall be issued to the contributing Members in consideration of such Required Contribution. The parties hereto acknowledge and agree that KRM Fund is a third party beneficiary to the provisions set forth in this Section 6.15 and KRM Fund has the right to enforce such provisions as if it were a signatory to this Agreement.
Consolidated Stockholders' Equity. 1. Borrower's issued capital stock taken at par or stated value $
Consolidated Stockholders' Equity. The company will at all times keep and maintain Consolidated Stockholders' Equity at an amount not less than the lesser of (i) $180,000,000 (One Hundred and Eighty Million Dollars) plus 25% of Consolidated Net Income determined on a cumulative basis for the period commencing October 1, 2000 and ending as of the end of the quarter immediately preceding the date of determination, and (ii) $200,000,000 (Two Hundred Million Dollars)."
Consolidated Stockholders' Equity. Borrower and its Subsidiaries shall have Consolidated Stockholders Equity of not less than $345,000,000 at Closing. Thereafter, Borrower and its Subsidiaries shall maintain, at all times, Consolidated Stockholders Equity equal to $345,000,000 plus (i) 100% of the net proceeds to Borrower or any of its Subsidiaries of any equity offering; (ii) 100% of the net proceeds to Borrower or any of its Subsidiaries of any securities sold or distributed by the SECT; and (iii) a minimum of 75% of positive Consolidated Net Income, if any, per calendar quarter thereafter; provided, however, that no adjustments shall be made as a consequence of any loss.
Consolidated Stockholders' Equity. The Company shall maintain a minimum Consolidated Stockholders' Equity of at least $50,000,000 at all times. Such minimum Consolidated Stockholders' Equity requirement shall be increased on the last day of each fiscal year by an amount equal to fifty percent (50%) of the Company's consolidated positive net earnings for such fiscal year with the first increase to occur on January 30, 1994. Such required increase in Consolidated Stockholders' Equity shall be cumulative.
Consolidated Stockholders' Equity. Section 6.07 of the Credit Agreement is hereby amended and restated in its entirety:
Consolidated Stockholders' Equity. The Borrower will at all times maintain Consolidated Stockholders Equity of not less than the Minimum Required Amount. For purposes of this section, the "Minimum Required Amount" shall mean $110,000,000 and shall increase as of June 28, 1997 and as of the last day of each fiscal quarter thereafter, by an amount equal to (i) 50% of the cumulative positive Consolidated Net Income earned each fiscal quarter commencing and completed after March 28, 1997 (but without subtraction for any negative Consolidated Net Income for any such fiscal quarter) minus (ii) the cumulative amount expended by the Borrower for any redemptions of its capital stock during each fiscal quarter commencing and completed after March 28, 1997 plus (iii) the cumulative amount of proceeds received by the Borrower from its sale of its capital stock during each fiscal quarter commencing and completed after March 28, 1997.
