Net Worth Threshold definition

Net Worth Threshold means a Net Worth of at least $100,000,000.00.

Net Worth Threshold means $125,000,000.

Net Worth Threshold has the meaning set forth in Section 7.2(a).

Examples of Net Worth Threshold in a sentence

• The Company shall not, on the Issue Date (after giving effect to the issuance of the Notes) or at the end of any Fiscal Quarter thereafter, permit its Consolidated Tangible Net Worth to be less than the Consolidated Tangible Net Worth Threshold.

• Anything contained herein to the contrary notwithstanding, if Guarantor’s Net Worth falls below the Net Worth Threshold or its Liquid Assets fall below the Liquid Assets Threshold, Guarantor shall have thirty (30) days to provide evidence reasonably satisfactory to lender that such deficiency has been cured prior to such occurrence resulting in an Event of Default.

• At any time prior to the declaration of a Changeover Event, Guarantors shall be entitled to request the release of any Guarantor from its obligations hereunder so long as, following such release, the remaining Guarantor(s) continue(s) to satisfy the Net Worth Threshold and Liquid Assets Threshold requirements set forth in Section 5.2 hereof.

• From and after the Initial Maturity Date, until the remainder of the Term of this Guaranty, Guarantor shall maintain an aggregate Net Worth Threshold of not less than $75,000,000.

• LANDLORD TENANT For the avoidance of doubt, the parties acknowledge and agree that the terms of this Section 16.4 shall not apply to transfers or transactions entered into by Tenant that do not require Landlord's consent in accordance with the terms of Section 16.3.4 of this Lease above, including any surviving entity (including any such surviving entity that satisfies the Permitted Transfer Net Worth Threshold), or purchaser as described therein.

More Definitions of Net Worth Threshold

Net Worth Threshold means the proposed Permitted Transferee has a tangible net worth equal to or greater than that of Tenant immediately prior to such transaction (determined in accordance with generally accepted accounting principles consistently applied and excluding from the determination of total assets all assets which would be classified as intangible assets under generally accepted accounting principles, including, without limitation, goodwill, licenses, trademarks, trade names, copyrights and franchises), and as evidenced by financial statements audited by a certified public accounting firm reasonably acceptable to Landlord.

Net Worth Threshold means a Net Worth of at least $300,000,000.00.

Net Worth Threshold means the proposed Permitted Transferee has a tangible net worth equal to or greater than that of Tenant immediately prior to such transaction (determined in accordance with generally accepted accounting principles consistently applied and excluding from the determination of total assets all assets which would be classified as intangible assets under generally accepted accounting principles, including, without limitation, goodwill, licenses, trademarks, trade names, copyrights and franchises), and as evidenced by financial statements audited by a certified public accounting firm reasonably acceptable to Landlord. The term “Control” shall mean the possession of the power to direct or cause the direction of the management and policy of such corporation, partnership, limited liability company or other entity, whether through the ownership of voting securities, by statute or by contract, and whether directly or indirectly through Affiliates.

Net Worth Threshold means (a) until the earlier to occur of such time as (i) the Liquidation Notice is delivered in accordance with Section 15.1 (the "LIQUIDATION NOTICE DELIVERY") and (ii) it has been reasonably established that TRS has terminated the Management Agreement in violation of the terms thereunder (any such termination so established, a "WRONGFUL TERMINATION EVENT"), an amount equal to $425 million, and (b) after the earlier to occur of (i) the Liquidation Notice Delivery and (ii) a Wrongful Termination Event, an amount equal to $500 million; provided that after any of the Early Liquidity Units have been purchased pursuant to Section 15.3, Net Worth Threshold shall mean (a) until the earlier to occur of (i) the Liquidation Notice Delivery and (ii) a Wrongful Termination Event, an amount equal to (A) $425 million, less (B) the product of $425 million, multiplied by the quotient of (1) the aggregate amount, if any, of the Early Liquidity Price paid prior to such time by the Partnership and the Required Holders pursuant to Section 15.3 upon purchase of the Early Liquidity Units thereunder, divided by (2) $335 million, and (b) after the earlier to occur of (i) the Liquidation Notice Delivery and (ii) a Wrongful Termination Event, an amount equal to (A) $500 million, less (B) the product of $500 million, multiplied by the quotient of (1) the aggregate amount, if any, of the Early Liquidity Price paid prior to such time by the Partnership and the Required Holders pursuant to Section 15.3 upon purchase of the Early Liquidity Units thereunder, divided by (2) $335 million.

Net Worth Threshold means the proposed Permitted Transferee has a tangible net worth equal to or greater than (x) that of Tenant immediately prior to such transaction, and (y) that of the originally named Tenant as of December 31 of the year prior to the Commencement Date (determined in accordance with generally accepted accounting Table of Contents

Net Worth Threshold means the proposed Affiliate has a tangible net worth equal to or greater than (x) that of Tenant immediately prior to such transaction, and (y) that of the originally named Tenant as of December 31 of the year prior to the Commencement Date (determined in accordance with generally accepted accounting principles consistently applied and excluding from the determination of total assets all assets which would be classified as intangible assets under generally accepted accounting principles, including, without limitation, goodwill, licenses, trademarks, trade names, and copyrights), and as evidenced by financial statements audited by a certified public accounting firm reasonably acceptable to Landlord. As used in this section, “control” (including, with its correlative meanings, “controlled by” and “under common control with”) shall mean possession, directly or indirectly, of power to direct or cause the direction of management or policies through ownership of at least fifty-one (51%) of the securities or partnership or other ownership interests of the entity subject to control. The provisions of Section 18.5 and 18.7 shall not apply to any assignment or subletting permitted without Landlord’s consent pursuant to Section 18.8. The transferee under a Transfer permitted under Section 18.8 without Landlord’s consent is referred to herein as a “Permitted Transferee.”

Net Worth Threshold shall have the meaning ascribed to it in Section 2.11(g).