Common use of Tangible Net Worth Clause in Contracts

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each quarter, a Tangible Net Worth of not less than Thirty Million ($30,000,000.00) as of the month ending December 31, 1999, and as of the last day of each month thereafter.

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each calendar quarter, commencing with the quarter ending December 31, 1999, a Tangible Net Worth of not less than Thirty the aggregate of: (i) Twenty-Eight Million Dollars ($30,000,000.0028,000,000.00), plus (ii) as fifty percent (50%) of the month ending December 31, 1999, and as amount of cash received by Borrower from a public offering of the last day Borrower's stock, plus (iii) fifty percent (50%) of each month thereafterBorrower's quarterly net income.

Tangible Net Worth. At all times after the hereof, Borrower shall maintain, measured as of the last day of each quartercalendar month, a Tangible Net Worth of not less than Thirty Million ($30,000,000.00) as of the month ending December 31, 1999, and as of the last day of each month thereafter4,500,000."

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each quarter, a Tangible Net Worth of not less than Thirty than: (i) Twenty Nine Million Dollars ($30,000,000.0029,000,000.00) as of the month last day of the quarter ending December 31September 30, 1999, 1998; and (ii) Twenty-Eight Million Five Hundred Thousand Dollars ($28,500,000.00) as of the last day of each month calendar quarter thereafter.

Tangible Net Worth. As of the Closing Date, Borrower shall maintain, measured as of the last day of each quartercalendar month, a Tangible Net Worth of not less than Thirty Four Million Dollars ($30,000,000.004,000,000) as plus thirty-five percent (35%) of the month ending December 31Borrower's quarterly net income after March 23, 1999, and as of the last day of each month thereafter2000.

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each quartercalendar month, a Tangible Net Worth of not less than Thirty Three Million Dollars ($30,000,000.003,000,000) as plus 25% of Borrower’s net income (but not loss) after taxes for each fiscal quarter of the month ending December 31, 1999, Borrower from and as after the date of the last day of each month thereafterthis Agreement.

Tangible Net Worth. Borrower shall maintain, measured tested as of the last day of each quartercalendar month, a Tangible Net Worth of not less than Thirty Four Million Dollars ($30,000,000.004,000,000). From and after the Borrower's next issuance of equity, the Borrower shall maintain at all times thereafter, Tangible Net Worth in an amount equal to the sum of Four Million Dollars ($4,000,000) as , plus seventy five percent (75%) of the month ending December 31, 1999, and as of the last day of each month thereafternet amount raised in such equity issuance.

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each quartercalendar month, a Tangible Net Worth of not less than Thirty Million $14,000,000 plus ($30,000,000.00a) as 25% of proceeds (net of reasonable offering and issuance costs) received by Borrower after June 22, 1998, with respect to the month ending December 31issuance of equity securities by Borrower and (b) 25% of cumulative quarterly net income (not excluding any losses), 1999, and measured as of the last day of each month thereafterfiscal quarter.

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each quartercalendar month, a Tangible Net Worth of not less than Thirty Million $14,000,000 plus ($30,000,000.00a) as 25% of proceeds (net of reasonable offering and issuance costs) received by Borrower after the Closing Date and on or before the end of such calendar month ending December 31with respect to the issuance of equity securities by Borrower and (b) 25% of cumulative quarterly net income (not excluding any losses), 1999, and measured as of the last day of each month thereafterfiscal quarter.

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each calendar quarter, a Tangible Net Worth of not less than Thirty Million ($30,000,000.00) as of 4,000,000 through the month period ending December 31September 30, 19991998; thereafter, and Borrower shall maintain, as of the last day of each month calendar quarter, a Tangible Net Worth of not less than $5,000,000 through the period ending March 31, 1999; and, thereafter, Borrower shall maintain, as of the last day of each calendar quarter, a Tangible Net Worth of not less than $6,000,000.

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each quartercalendar month, commencing with the calendar month ending on March 31, 1997, a Tangible Net Worth of not less than Thirty Four Million Five Hundred Thousand Dollars ($30,000,000.004,500,000), plus fifty percent (50%) as of Borrower's net income in the month ending December 31, 1999, and as subsequent years of the last day of each month thereafter.this Agreement,

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each quarterfiscal quarter beginning with the fiscal quarter ending August 31, 1997, a Tangible Net Worth of not less than Thirty Million FOUR MILLION AND NO/100THS Dollars ($30,000,000.00) as of the month ending December 31, 1999, and as of the last day of each month thereafter4,000,000).

Tangible Net Worth. Beginning with the month ending April 30, 2003, Borrower shall maintainmaintain at all times, measured as of the last day of each quartercalendar month, a Tangible Net Worth of not less than Thirty Six Million Five Hundred Thousand Dollars ($30,000,000.00) as of the month ending December 31, 1999, and as of the last day of each month thereafter6,500,000).

Tangible Net Worth. Borrower shall maintain, measured as of the last day ------------------ of each fiscal quarter, a Tangible Net Worth of not less than Thirty Million $30,000,000 plus ($30,000,000.00i) as 75% of net income (but not loss) for each fiscal quarter of the month Borrower commencing with the quarter ending December 31March 30, 1999, and as plus (ii) 100% of the last day Net Proceeds of each month thereafterany Equity Issuance by the Borrower after the date hereof.

Tangible Net Worth. Borrower shall maintain, measured as of the last day ------------------ of each quartercalendar month, a Tangible Net Worth plus Subordinated Debt of not less than Thirty (i) Three Million Dollars ($30,000,000.003,000,000) as plus (ii) Fifty Percent (50%) of the month ending December 31, 1999, and as net proceeds received by Borrower from the sale of its equity securities after the last day of each month thereafterClosing Date.

Tangible Net Worth. Borrower shall maintain, measured as of the last day of each quartercalendar month, a Tangible Net Worth of not less than Thirty Four Million Two Hundred Fifty Thousand Dollars ($30,000,000.004,250,000) as plus (i) 75% of Borrower's quarterly net income (but not loss) for each fiscal quarter of the month ending December 31Borrower after the date hereof, 1999, and as plus (ii) 100% of the last day net proceeds of each month thereafterany issuance by Borrower of its equity securities or Subordinated Debt after the date hereof.