Liquid Net Worth Sample Clauses

The "Liquid Net Worth" clause defines the portion of an individual's or entity's net worth that is readily convertible to cash without significant loss of value. Typically, this includes assets such as cash, stocks, and marketable securities, but excludes illiquid holdings like real estate or private business interests. By specifying what counts as liquid net worth, the clause ensures clarity in financial assessments, particularly for eligibility, creditworthiness, or compliance with financial covenants.
Liquid Net Worth. (__) $1 to $5,000 (__) $5,001 to $10,000 (__) $10,001 to $50,000 (__) $50,001 to $100,000 (__) $100,001 to $500,000 (__) $500,001 to $999,999 (__) $1,000,000 to $5,000,000 (__) Greater than $5,000,000
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Liquid Net Worth. At all times during the Terms of the Percentage Leases, Lessees shall maintain an aggregate Liquid Net Worth in an amount at least equal to the Minimum Liquid Net Worth. FelCor and BHR agree to negotiate in good faith in order to determine the portion of such Liquid Net Worth to be allocated to each Lessee to be formed prior to the Closing Date, which allocation shall be subject to the reasonable approval of FelCor's REIT tax counsel.
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Liquid Net Worth. At all times during the Terms of the Percentage Leases, the Lessees collectively shall maintain an aggregate Liquid Net Worth in an amount at least equal to the Minimum Liquid Net Worth for all Lessees. Furthermore, at all times during the Terms of the Percentage Leases relating to a particular Lessee, such Lessee shall maintain a Liquid Net Worth in an amount at least equal to such Lessee's allocable Minimum Liquid Net Worth.
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Liquid Net Worth. At all times during the term of this Lease, the Lessee shall cause Interstate to maintain an aggregate Liquid Net Worth in an amount at least equal to the Minimum Liquid Net Worth.
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Related to Liquid Net Worth

  • Net Worth The term “net worth” means the excess of total assets over total liabilities (including personal and real property, but excluding the estimated fair market value of a person’s primary home).

  • Minimum Net Worth Consolidated Net Worth will at no time be less than an amount equal to the sum of (a) $1,236,000,000 plus (b) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending after December 30, 1998 and at or prior to such time (but only if such Consolidated Net Income for such fiscal quarter is a positive amount).

  • Consolidated Net Worth The Company will not permit Consolidated Net Worth at any time to be less than US$165,000,000 plus the cumulative sum of 25% of Consolidated Net Earnings (but only if a positive number) for each fiscal quarter ending after June 30, 2004.

  • Adjusted Tangible Net Worth On the Effective Date, Seller’s Adjusted Tangible Net Worth is not less than the amount set forth in Section 2.1 of the Pricing Side Letter.

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $731,508,263 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.