Common use of Maintenance of Net Worth Clause in Contracts

Maintenance of Net Worth. Permit Consolidated Net Worth of the Borrower at any time to be less than an amount equal to $6,500,000 PLUS the aggregate of 50% of Consolidated Net Income of the Borrower, if positive, for each quarter during the period commencing on January 1, 1997 and ending at the close of the fiscal quarter then last ended.

Maintenance of Net Worth. Permit the Consolidated Net Worth of the Borrower at any time to be less than an amount equal to the sum of $6,500,000 PLUS the aggregate of 140,000,000 plus 50% of the cumulative sum of Consolidated Net Income of the Borrower, for each fiscal quarter (if positive, for each quarter during ) beginning after the period commencing on January 1, 1997 Closing Date and ending ended at the close of the fiscal quarter then last endedor prior to such time.

Maintenance of Net Worth. Permit the Consolidated Net Worth of the Borrower at any time to be less than an amount equal to the sum of $6,500,000 PLUS the aggregate of 80,000,000 plus 50% of the cumulative sum of Consolidated Net Income of the Borrower, for each fiscal quarter (if positive, for each quarter during ) beginning after the period commencing on January 1, 1997 Closing Date and ending ended at the close of the fiscal quarter then last endedor prior to such time.

Maintenance of Net Worth. Permit Consolidated Net Worth of the Borrower at any time during any period to be less than an amount equal the sum of (i) $483,000,000, PLUS (ii) 100% of the net cash proceeds (including any cash proceeds of non-cash proceeds) of any net issuances by the Borrower of any Capital Stock and any equity contributions to $6,500,000 it after the Closing -41- Date, PLUS the aggregate of (iii) 50% of the positive Consolidated Net Income of the BorrowerIncome, if positiveany, for each completed fiscal quarter during the period commencing on January 1, 1997 and ending at the close of the fiscal quarter then last endedBorrower after June 30, 2002.

Maintenance of Net Worth. Permit the Consolidated Net Worth of the Borrower at any time to be less than an amount equal to the sum of $6,500,000 PLUS the aggregate of 115,000,000 plus 50% of the cumulative sum of Consolidated Net Income for each fiscal quarter (if positive) beginning after the Closing Date and ended at or prior to such time LESS the aggregate writeoff of intangible assets constituting goodwill after the Closing Date to the extent reflected in accordance with GAAP on the financial statements of the Borrower, if positive, Borrower delivered pursuant to Section 7.1 for each quarter during fiscal periods ending after the period commencing on January 1, 1997 and ending at the close of the fiscal quarter then last endedClosing Date.