Common use of Minimum Net Worth Clause in Contracts

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 PLUS (b) 70% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the date of this Agreement.

Minimum Net Worth. The Company shall will not permit its consolidated Consolidated Net Worth at any time to be less than an amount equal to 90% of the sum actual net worth as of the Execution Date, plus, in all cases: (a) $221,000,000 PLUS (b) 70% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination PLUS (c) an amount equal to 100% of the cash and non-cash net proceeds resulting from the issuance of any equity securities issued capital stock by the Company or any Subsidiary subsequent to the Execution Date at any time during the term hereof and (b) 75% of the consolidated after tax income of the date of this AgreementCompany and its Subsidiaries (to be adjusted each quarter) for each fiscal year during the term hereof (including any Subsidiaries acquired subsequent hereto).

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (aA) $221,000,000 PLUS 645,000,000, plus (b) 70% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination PLUS (cB) an amount equal to 10050% of the cash and non-cash proceeds Adjusted Consolidated Net Income of any equity securities issued by the Company after for the period from June 30, 1999 to the date of this Agreement.of

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 88,000,000 PLUS (b) 70% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the date of this Agreement.

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 60,000,000 PLUS (b) 7075% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the Closing Date and prior to the date of this Agreementdetermination.

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 51,100,000 PLUS (b) 7075% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof of the Third Amendment and prior to the date of determination determination, PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the date of this Agreementthe Third Amendment and prior to the date of determination.

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time its Net Worth determined on a consolidated basis with its Consolidated Subsidiaries to be less than (a) $11,500,000 PLUS (b) an amount equal to the sum of (a) $221,000,000 PLUS (b) 7080% of the Company's positive Net Income, if any, Income of the Company and its Consolidated Subsidiaries (or MINUS 100% of any negative Net Income of the Company and its Consolidated Subsidiaries) for each fiscal quarter ending after the date hereof and prior to the date of determination July 31, 1997 PLUS (c) an amount equal to 100% of the cash and non-cash proceeds Net Proceeds of any equity securities issued by the Company each Equity Issuance effected after the date of this Agreementhereof.

Minimum Net Worth. The Company shall not will not, as of the end of any fiscal quarter of the Company, permit its consolidated Adjusted Net Worth at any time to be less than an amount equal to the sum of $14,500,000 and 75% (abut, in the case of a deficit, 100%) $221,000,000 PLUS (b) 70% of Consolidated Net Income for the Company's positive Net Income, if any, for each fiscal quarter ending after period from the date hereof Closing Date to and prior to including the date of determination PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the date of this Agreementdetermination. 10.6.

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 9,000,000 PLUS (b) 7075% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the date of this Agreementdetermination.

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 61,600,000 PLUS (b) 7075% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination determination, PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the Effective Date and prior to the date of this Agreementdetermination.

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 469,000,000 PLUS (b) 70% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination PLUS (c) an amount equal to 100% of the net cash and non-cash proceeds of any equity securities issued by the Company after the date of this Agreement.

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 51,100,000 PLUS (b) 70b)75% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof of the Third Amendment and prior to the date of determination determination, PLUS (c) an amount equal to 100% of the cash and non-cash proceeds of any equity securities issued by the Company after the date of this Agreement.cash

Minimum Net Worth. The Company shall not permit its consolidated Net Worth at any time to be less than an amount equal to the sum of (a) $221,000,000 73,000,000 PLUS (b) 7050% of the Company's positive Net Income, if any, for each fiscal quarter ending after the date hereof and prior to the date of determination determination, PLUS (c) an amount equal to 10075% of the cash and non-cash proceeds of any equity securities issued by the Company after the Closing Date and prior to the date of this Agreementdetermination.