Common use of Adjusted Consolidated Net Worth Clause in Contracts

Adjusted Consolidated Net Worth. Permit Adjusted Consolidated Net Worth at any time to be less than (i) $2,000,000,000 plus (ii) an amount equal to 50% of Consolidated Net Income for each fiscal quarter ending after the Closing Date but before the date of determination, in each case, for which Consolidated Net Income is positive (but with no deduction on account of negative Consolidated Net Income for any fiscal quarter) plus (iii) 75% of the aggregate net proceeds, including the fair market value of property other than cash (as determined in good faith by the Borrower’s board of directors), received by the Borrower from the issuance and sale after the date hereof of any capital stock of the Borrower (other than the proceeds of any issuance and sale of any capital stock (x) to a Subsidiary or (y) which is required to be redeemed, or is redeemable at the option of the holder, if certain events or conditions occur or exist or otherwise) or in connection with the conversion or exchange of any Indebtedness of the Borrower into capital stock of the Borrower after the Closing Date.