Maintenance of Tangible Net Worth. The Guarantor shall not permit its Tangible Net Worth at any time to be less than the sum of (x) $750,000,000 and (y) an amount equal to 50% of any Equity Proceeds received by the Guarantor from and after the Reorganization Effective Date.
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Sources: Guaranty (New Century Financial Corp), Guaranty (New Century Financial Corp), Guaranty (New Century Financial Corp)
Maintenance of Tangible Net Worth. The Guarantor shall not permit its Tangible Net Worth at any time to be less than the sum of (xi) $750,000,000 and (yii) an amount equal to 50% of any Equity Proceeds received by the Guarantor from and after the Reorganization Effective Date.
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Maintenance of Tangible Net Worth. The Guarantor shall not permit its Tangible Net Worth at any time to be less than the sum of (xi) $750,000,000 275,000,000 (ii) 75% of the aggregate consolidated positive Net Income, calculated from the period beginning December 31, 2002 to the most recently ended monthly period and (yiii) an amount equal to 50% of any Equity Proceeds received by the Guarantor from and after the Reorganization Effective Datesince December 31, 2002.
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