Net Worth Maintenance. If at the close of any month, there is a Net Worth Deficiency for such month, Finance shall forthwith send to Fuji a Net Worth Certification with respect thereto (accompanied by financial statements for such period) requesting Fuji to purchase, or to cause a subsidiary of Fuji to purchase, shares of NW Preferred Stock from Finance having an aggregate liquidation preference equal to such Net Worth Deficiency, and Fuji shall, within five Business Days after receipt by Fuji of such written request from Finance, purchase, or cause a subsidiary of Fuji to purchase, shares of NW Preferred Stock from Finance in such amount, against delivery of such shares to Fuji or the Branch or such subsidiary, as Fuji shall elect by three Business Days' prior written notice to Finance.
Net Worth Maintenance. On the Issue Date, and at all times thereafter determined at the end of each fiscal quarter, the Company shall maintain Consolidated Net Worth equal to (i) $40 million plus (ii) the cumulative amount equal to twenty-five percent (25%) of the Consolidated Net Income (but not loss), if any, of the Company and its Subsidiaries for each fiscal quarter commencing with the quarter ending March 31, 1997.
Net Worth Maintenance. (a) During the Guaranty Period, Genesee will maintain a Liquid Net Worth (defined for this purpose as the excess of (i) unencumbered (1) cash and net currency on hand and on deposit, demand deposits and checks held, (2) short-term, highly liquid investments that are readily convertible to known amounts of cash plus (3) marketable securities over (ii) total liabilities, each as determined in accordance with generally acceptable accounting practices), in an amount that, in the aggregate, is not less than the following: First 365 days after Closing Date: $ Second 365 days after Closing Date $ Third 365 days after Closing Date $
Net Worth Maintenance. Fail to maintain at all times a minimum consolidated Net Worth of not less than $88,000,000 as of December 31, 1998 plus 65% of positive cumulative net income (with no deductions for net losses) to be added at the end of each fiscal year for all periods subsequent to December 31, 1998.
Net Worth Maintenance. The Managing Partner shall at all times maintain a net worth of at least $10,000.
Net Worth Maintenance. On the Issue Date, and at all times thereafter determined at the end of each fiscal quarter, the Company shall maintain Consolidated Net Worth equal to (a) $174.0 million plus (b) a cumulative amount equal to twenty-five percent (25%) of the Consolidated Net Income (but not loss), if any, of the Company and its Subsidiaries for each fiscal quarter commencing with the quarter after the Issue Date less (c) an amount equal to the difference between (x) the principal amount of Senior Notes Outstanding on the Issue Date and (y) the principal amount of Senior Notes Outstanding on the last day of the quarter for which the determination is being made (to a maximum deduction of $50.0 million pursuant to this clause (c)).
Net Worth Maintenance. The Shell GP and the Tejas GP or any other General Partner shall separately maintain their share of Minimum Net Worth. Each General Partner's share of Minimum Net Worth shall be the product of the (i) Minimum Net Worth, times (ii) the proportion (expressed as a percentage) that such General Partner's Partnership Percentage bears to the Partnership Percentages of all General Partners. Any indemnity payment made under SECTION 11.2 due to a reclassification of the Partnership as a corporation taxable for federal income tax purposes will be grossed-up for any federal or state taxes related to the receipt by the indemnitee less any tax savings resulting from the indemnity payment, the defaulting General Partner to indemnify the other Partners accordingly.
Net Worth Maintenance. The Company will not permit at any time Consolidated Tangible Net Worth to be less than the sum of
Net Worth Maintenance. The Issuer shall not permit its Net Worth to be less than $600,000,000 at any time.
Net Worth Maintenance. Fail to maintain at all times (a) a minimum consolidated Net Worth of not less than $110,000,000 as of the Restatement Date and as at the end of each quarter thereafter; and (b) Tangible Net Worth of at least $35,000,000;
