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 the sum of (i) $475,000,000 plus (ii) an amount equal to 50% of the sum of Consolidated Net Income (if positive) of the Borrower for each fiscal quarter ending after March 31, 2003.

Appears in 1 contract

Sources: Credit Agreement (Mastercard Inc)

Maintenance of Net Worth. Permit Permit, as of the end of any fiscal quarter during any fiscal year of the Borrower, Consolidated Net Worth of the Borrower at any time to be less than the sum of (ix) $475,000,000 290,000,000 plus (iiy) an amount equal to 5075% of the sum of positive Consolidated Net Income since December 31, 2002 plus (if positivez) Net Cash Proceeds from the sale of Capital Stock of the Borrower for each fiscal quarter ending on a cumulative basis after March December 31, 20032002.

Appears in 1 contract

Sources: Credit Agreement (Conmed Corp)

Maintenance of Net Worth. Permit Consolidated Net Worth of the Borrower at ------------------------ any time to be less than the sum of (i) $475,000,000 20,000,000 plus (ii) an amount equal to 50% of the sum of ---- Consolidated Net Income (if positive) for each fiscal year of the Borrower for each fiscal quarter ending on or after March 31April 2, 20031999.

Appears in 1 contract

Sources: Credit Agreement (Reliant Building Products Inc)

Maintenance of Net Worth. Permit Consolidated Net Worth of the Borrower at any time to be less than the sum of (i) $475,000,000 273,216,000 plus (ii) an amount equal to 50% of the sum of Consolidated Net Income (if positive) of the Borrower for each fiscal quarter ending after March December 31, 20031999.

Appears in 1 contract

Sources: Credit Agreement (Mastercard Inc)

Maintenance of Net Worth. Permit the Consolidated Net Worth of the Borrower at any time Quarterly Date to be less than the sum of (i) $475,000,000 [ ] plus (ii) an amount equal to 50% of the sum of 85% of Consolidated Net Income (if positive) of for all periods from the Borrower for each fiscal quarter ending after March 31, 2003Document Closing Date through such Quarterly Date.

Appears in 1 contract

Sources: Loan Agreement (Wynn Las Vegas LLC)

Maintenance of Net Worth. Permit Consolidated Net Worth of the Borrower at any time to be less than the sum of (i) $475,000,000 525,000,000 plus (ii) an amount equal to 50% of the sum of Consolidated Net Income (if positive) of the Borrower for each fiscal quarter ending after March 31, 2003commencing with and including the first fiscal quarter of 2004.

Appears in 1 contract

Sources: Credit Agreement (Mastercard Inc)