Common use of Adjusted Consolidated Net Worth Clause in Contracts

Adjusted Consolidated Net Worth. The Company will not permit the sum of Adjusted Consolidated Net Worth as of the last day of any fiscal quarter noted in the table below plus the aggregate amount of any impairment of long-lived assets, goodwill, intangibles or any of the shares of the stock of the ▇▇▇▇ Entities taken year-to-date through such fiscal quarter and reflected in such Adjusted Consolidated Net Worth, to be less than the amount set forth for such day in such table: July 5, 2009 $ 55,000,000 October 4, 2009 $ 50,000,000 December 31, 2009 $ 45,000,000

Appears in 1 contract

Sources: Note Purchase Agreement (Sypris Solutions Inc)

Adjusted Consolidated Net Worth. The Company will not permit the sum of Adjusted Consolidated Net Worth as of the last day of at any fiscal quarter noted in the table below plus the aggregate amount of any impairment of long-lived assets, goodwill, intangibles or any of the shares of the stock of the ▇▇▇▇ Entities taken year-to-date through such fiscal quarter and reflected in such Adjusted Consolidated Net Worth, time to be less than $420,000,000 plus the amount set forth cumulative sum of 25% of Consolidated Net Income (but only if a positive number) for such day in such table: July 5each fiscal quarter ending after September 30, 2009 $ 55,000,000 October 4, 2009 $ 50,000,000 December 31, 2009 $ 45,000,0002000.

Appears in 1 contract

Sources: Note Purchase Agreement (Lincare Holdings Inc)

Adjusted Consolidated Net Worth. The Company will not permit the sum of at any time its Adjusted Consolidated Net Worth as of the last day end of any fiscal quarter noted in the table below plus the aggregate amount of any impairment of long-lived assets, goodwill, intangibles or any of the shares of the stock of the ▇▇▇▇ Entities taken year-to-date through such fiscal quarter and reflected in such Adjusted Consolidated Net Worth, year to be less than $130,000,000 plus the amount set forth cumulative sum of 50% of Consolidated Net Income (but only if a positive number) for such day in such table: July 5each fiscal year ending after June 30, 2009 $ 55,000,000 October 4, 2009 $ 50,000,000 December 31, 2009 $ 45,000,0002001.

Appears in 1 contract

Sources: Note Purchase Agreement (Elkcorp)

Adjusted Consolidated Net Worth. The Company will not permit the sum of Adjusted Consolidated Net Worth as of the last day of any fiscal quarter noted in the table below plus the aggregate amount of any impairment of long-lived assets, goodwill, intangibles or any of the shares of the stock of the ▇▇▇▇ Entities taken year-to-date through such fiscal quarter and reflected in such Adjusted Consolidated Net Worth, to be less than the amount set forth sum of (i) $188,190,000, plus (ii) 25% of Consolidated Net Income (but only if a positive number) for such day in such table: July 5, 2009 $ 55,000,000 October 4, 2009 $ 50,000,000 each fiscal quarter ending after December 31, 2009 $ 45,000,0002006, plus (iii) 100% of equity raised or contributed after such date.

Appears in 1 contract

Sources: Note Purchase Agreement (Sypris Solutions Inc)