Examples of Tangible Net Worth in a sentence
As of the date of such Compliance Certificate, the minimum Tangible Net Worth required to be maintained pursuant to this Section 9(c) is $716,032,081.
At the end of each Test Period, Guarantor (on a consolidated basis) shall maintain its ratio of Debt to Tangible Net Worth to not more than 4.50 to 1.00.
Guarantor shall not permit its Tangible Net Worth to be less than the sum of (i) $135,520,000, plus (ii) eighty percent (80%) of the net proceeds (after the deduction of all related transaction costs) of all issuances of equity by Guarantor occurring after the date of the Original Guarantee, with compliance to be tested as of the end of each Test Period.
Such guaranty, in the form attached as Exhibit 9 to this Comprehensive Maintenance Agreement, assures performance of Maintenance Contractor’s obligations hereunder and shall be maintained in full force and effect throughout the duration of this Comprehensive Maintenance Agreement.] Maintenance Contractor shall report to TxDOT, on a yearly basis upon each anniversary of the Initial Maintenance Term Commencement Date, the Tangible Net Worth of Maintenance Contractor, its equity members, and any Guarantors.
Permit its Tangible Net Worth on each Test Date (commencing with the fiscal quarter ending December 31, 2021), to be less than the Minimum Tangible Net Worth Amount for such day.