Decline in Tangible Net Worth Sample Clauses
The "Decline in Tangible Net Worth" clause establishes a financial threshold that a party, typically a borrower, must maintain regarding its tangible net worth during the term of an agreement. This clause usually requires the borrower to keep its tangible net worth above a specified minimum level, with tangible net worth calculated as total assets minus intangible assets and liabilities. If the borrower's tangible net worth falls below this threshold, it may trigger a default or require corrective action. The core function of this clause is to protect the lender by ensuring the borrower's financial stability and reducing the risk of insolvency during the agreement period.
Decline in Tangible Net Worth. If the Tangible Net Worth of a Relevant Entity falls below the amount specified in the Election Sheet;
Decline in Tangible Net Worth. If this § 27.2 is specified as applying in Section B of Part I (Individual Terms), as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in Section B of Part I (Individual Terms).
Decline in Tangible Net Worth. If the Tangible Net Worth of a Relevant Entity falls below the amount specified in Section B of Part I (Individual Terms);
Decline in Tangible Net Worth. If this § 18.2 is specified as applying in the Election Sheet, as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in the Election Sheet.
Decline in Tangible Net Worth. [ ] Seller shall have a duty to notify as provided in § 27.2, and the applicable figure for it shall be ; otherwise Seller shall have no duty to notify as provided in § 27.2 [ ] Buyer shall have a duty to notify as provided in § 27.2, and the applicable figure for it shall be ; otherwise Buyer shall have no duty to notify as provided in § 27.2
Decline in Tangible Net Worth. [ ] Party A shall have a duty to notify as provided in § 17.2, and the applicable figure for it shall be ; otherwise Party A shall have no duty to notify as provided in § 17.2 [ ] Party B shall have a duty to notify as provided in § 17.2, and the applicable figure for it shall be ;
Decline in Tangible Net Worth. As soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified from Parties.
Decline in Tangible Net Worth. If the Tangible Net Worth of a Relevant Entity falls below the amount specified in Section B of Part I (Individual Terms); (e) Expiry of Performance Assurance or Credit Support Document: Subject to § 25.3 (Replacement of Credit Support), if any Performance Assurance or any Credit Support Document expires or terminates with respect to any outstanding obligations of the other Party under this Agreement, or, if a Performance Assurance or Credit Support Document is due to expire or terminate within the period of time, if any, specified in Section B of Part I (Individual Terms) or the failing or ceasing of such Credit Support Document to be in full force or effect for the purpose of this Agreement (in each case other than in accordance with the its terms or the terms of this Agreement) before the satisfaction of all outstanding obligations of such other Party under this Agreement to which such Credit Support Document relates, without Deuda Total de dicha Entidad Relevante en cualquier ejercicio fiscal es mayor que la ratio especificada en la Sección B de la Parte I (Disposiciones Particulares); o
Decline in Tangible Net Worth. If the Tangible Net Worth of a Relevant Entity falls below the amount specified in the Election Sheet; or (e) Expiry of Performance Assurance or Credit Support Document: If any Performance Assurance or any Credit Support Document expires or terminates with respect to any outstanding obligations of the other Party under the Agreement, or, if a Performance Assurance or Credit Support Document is due to expire or terminate within the period of time, if any, specified in the Election Sheet, or the failing or ceasing of such Credit Support Document to be in full force or effect for the purpose of the Agreement (in each case other than in accordance 16 with the its terms or the terms of the Agreement) before the satisfaction of all outstanding obligations of such other Party under the Agreement to which such Credit Support Document relates, without the written consent of the Requesting Party.
Decline in Tangible Net Worth. [ ] Pa rty A sha ll ha ve a duty to notify a s provid ed in § 18.2 17.2, and the applicable figure for it shall be , or [ ]; otherwise Party A shall have no duty to notify a s provid ed in § 18.2, and 17.2 [ ] Pa rty B s ha ll ha ve a duty to notify a s provid ed in § 18.2 17.2, and the applicable figure for it shall be , or [ ]; otherwise Party B shall have no duty to notify a s provid ed in § 18.2 17.2