Common use of Minimum Net Worth Clause in Contracts

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses).

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 176,177,600 plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter beginning with the quarter ending December 31September 30, 2002 2000 (without deduction for losses) plus (iii) 50% the amount of Consolidated Net Income earned in each fiscal year beginning with any addition to the fiscal year ending December 31, 2003 (without deduction for losses)consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 160,000,000, plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 2006 (without deduction for losses), plus (iii) 75% of net proceeds from any sale of capital stock of the Borrower.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 325,069,000 plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year quarter ending December 31June 30, 2003 2004 (without deduction for losses).

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 145,000,000, plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the fiscal quarter ending December on March 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 2004 (without deduction for losses), plus 75% of Net Cash Proceeds received by the Borrower or any Subsidiary.

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $900,000,000 73,000,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 5075% of Consolidated Net Income earned in each fiscal year quarter beginning with the fiscal year quarter ending December 31April 30, 2003 1999 (without deduction for losses), and plus (iii) 100% of the net proceeds from any equity offering of the Borrower or any of its Subsidiaries; provided, however, that for purposes of calculation of compliance with this Section 6.23.3, "Consolidated Net Worth" shall not include more than 50% of intangible assets.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 185,000,000 plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter beginning with the quarter ending December 31June 30, 2002 2003 (without deduction for losses) plus (iii) 50% the amount of Consolidated Net Income earned in each fiscal year beginning with any addition to the fiscal year ending December 31, 2003 (without deduction for losses)consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 295,000,000, plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 5075% of Consolidated Net Income earned in each fiscal year quarter beginning with the fiscal year quarter ending December 31May 26, 2003 2001 (without deduction for losses), and plus (iii) 90% of the Net Cash Proceeds of any equity offering consummated after the last day of fiscal year 2000.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 60,000,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 5075% of Consolidated Net Income earned in each fiscal year quarter beginning with the fiscal year quarter ending December 31April 30, 2003 1999 (without deduction for losses), and plus (iii) 100% of the net proceeds from any equity offering of the Borrower or any of its Subsidiaries."

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 185,000,000 plus (ii) 5075% of Consolidated Net Income earned in each fiscal quarter beginning with the fiscal quarter ending December 31, 2002 1999 (without deduction for losses) plus (iii) 50% the amount of Consolidated Net Income earned in each fiscal year beginning with any addition to the fiscal year ending December 31, 2003 (without deduction for losses)consolidated stockholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any Equity Interests by the Borrower after the date of this Agreement.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 850,000,000 plus (ii) fifty percent (50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses%) plus (iii) 50% of Consolidated Net Income earned in each fiscal year quarter if positive beginning with the fiscal year quarter ending December 31, 2003 2011 plus (without deduction for losses)iii) 100% of the net cash proceeds resulting from the issuance of capital stock of the Borrower after the Effective Date, excluding the impact of gains or losses resulting from fluctuations in currency exchange rates.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not the Borrower and its Consolidated Subsidiaries at any time after the Effective Date to be less than the sum of (i) $900,000,000 102,817,000 plus (ii) 50an amount equal to 75% of Consolidated consolidated Net Income earned in of the Borrower and its Consolidated Subsidiaries for each fiscal quarter of the Borrower ending December 31after the Effective Date and on or prior to the date of determination, 2002 on a cumulative basis (and without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for any losses).

Minimum Net Worth. The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $900,000,000 7,000,000 plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 5075% of Consolidated Net Income earned in each fiscal year quarter beginning with the fiscal year quarter ending December 31June 30, 2003 2000 (without deduction for losses), plus (iii) 100% of the net proceeds of any offering by the Borrower of equity securities of the Borrower.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (iA) $900,000,000 plus 240,000,000 determined as of the end of each of its fiscal quarters ended prior to the first three anniversary dates of this Agreement and (iiB) 50% $285,000,000 determined as the end of Consolidated Net Income earned in each of its fiscal quarters ended prior to the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% fourth and fifth anniversary dates of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses)this Agreement.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 21,490,560, plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 5075% of Consolidated Net Income earned in each fiscal year quarter beginning with the fiscal year quarter ending December 31, 2003 1998 (without deduction for losses), plus (iii) 100% of the net cash proceeds of any offering of securities after the date of this Agreement (whether debt or equity and whether public or private).

Minimum Net Worth. The Borrower will at At all times maintain times, Consolidated Net Worth of not less than the Borrowers shall be in excess of the sum of (i) the proceeds of any equity offering by the Borrowers plus the amounts set forth in the table below at any time while Loans are outstanding: Period Amount Restatement Date through October 31, 1997 $900,000,000 37,000,000 November 1, 1997 and thereafter The sum of $37,000,000 plus (ii) 5075% of Consolidated Net Income earned in of the fiscal quarter ending December Borrowers since October 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses).1997

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 200,000,000.00, plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year quarter ending December March 31, 2003 2008 (without deduction for losses), plus (iii) 100% of all net proceeds of any issuance of stock or other equity after deduction of any fees, commissions, expenses and other costs incurred in such offering.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 85% of Consolidated Net Worth as of March 31, 2001 plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter beginning with the quarter ending December 31June 30, 2002 2001 (without deduction for losses) plus (iii) 5075% of Consolidated Net Income earned in each fiscal year beginning with Proceeds of Equity Interests of the fiscal year ending December 31, 2003 (without deduction Borrower for losses)such period. 6.17.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 116,401,600 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 2001 (without deduction for losses), plus (iii) 75% of the net proceeds of any equity issuances by the Borrower received in each fiscal quarter beginning with the quarter ending December 31, 2001.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 plus (ii) 50% of Consolidated Net Income earned in the two consecutive fiscal quarter quarters ending December 31, 2002 2004 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending on or after December 31, 2003 2005 (without deduction for losses).

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 52,000,000, plus (ii) 50% of Consolidated Net Income earned in the fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 5075% of Consolidated Net Income earned in each fiscal year quarter beginning with the fiscal year quarter ending December 31September 30, 2003 1999 (without deduction for losses), plus (iii) 100% of the net cash proceeds of any offering of securities after the date of this Agreement 39 (whether debt or equity and whether public or private), plus (iv) 100% of the shareholder equity of any entity acquired by Borrower, Parent or any of their respective Subsidiaries.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 358,875,000, plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter ending December 31, 2002 (without deduction for losses) plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year quarter ending December 31September 30, 2003 (without deduction for losses), plus (iii) 50% of the amount of any addition to the consolidated stockholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any Equity Interests by the Borrower after June 30, 2003.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 188,784,000 plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter beginning with the quarter ending December 31September 30, 2002 2001 (without deduction for losses) plus (iii) 50% the amount of Consolidated Net Income earned in each fiscal year beginning with any addition to the fiscal year ending December 31, 2003 (without deduction for losses)consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the he sum of (i) $900,000,000 75% of Consolidated Net Worth at December 31, 2010 plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter if positive beginning with the quarter ending December March 31, 2002 (without deduction for losses) 2011 plus (iii) 50100% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses)net cash proceeds resulting from the issuance of capital stock of the Borrower.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 409,000,000, plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter beginning with the quarter ending December 31June 30, 2002 2005 (without deduction for losses) ), plus (iii) 50% of Consolidated Net Income earned in each fiscal year beginning with the fiscal year ending December amount of any addition to the consolidated stockholders’ equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any Equity Interests by the Borrower after March 31, 2003 (without deduction for losses)2005.

Minimum Net Worth. The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $900,000,000 90,000,000.00 plus (ii) 50% of Consolidated Net Income earned in the each fiscal quarter beginning with the quarter ending December 31September 30, 2002 2003 (without deduction for losses) plus (iii) 50100% of Consolidated Net Income earned all net proceeds of any issuance of stock or other equity after deduction of any fees, commissions, expenses and other costs incurred in each fiscal year beginning with the fiscal year ending December 31, 2003 (without deduction for losses)such offering.