Common use of Minimum Book Net Worth Clause in Contracts

Minimum Book Net Worth. Permit Borrower's Book Net Worth at any time to be less than $25,000,000, plus 75% of positive net income of Borrower after December 31, 2000.

Minimum Book Net Worth. Permit Borrower's The Borrower will maintain its Book Net Worth determined as at any time to be the end of each month, at an amount not less than the amount set forth opposite such month: Month Minimum Book Net Worth ----- ---------------------- July 31, 1999 $25,000,0001,000,000 August 31, plus 75% of positive net income of Borrower after 1999 $900,000 September 30, 1999 $1,000,000 October 31, 1999 $1,000,000 November 30, 1999 $1,100,000 December 31, 2000.1999 $1,150,000 January 31, 2000 $1,300,000 February 29, 2000 $1,450,000 March 31, 2000 $1,650,000 April 30, 2000 $1,825,000 May 31, 2000 $2,050,000 June 30, 2000 $2,300,000

Minimum Book Net Worth. Permit Borrower's The Borrower will maintain its Book Net Worth Worth, determined as at any time to be the end of each month listed below, at an amount not less than the amount set forth opposite such period: MONTH MINIMUM BOOK NET WORTH October 31, 1997 < $25,000,000480,000 > November 30, plus 75% of positive net income of Borrower after 1997 $725,000 December 31, 2000.1997 $885,000

Minimum Book Net Worth. Permit Borrower's The Borrower will maintain its Book Net Worth Worth, determined as at any time to be the end of each month listed below, at an amount not less than the amount set forth opposite such period: MONTH MINIMUM BOOK NET WORTH ----------------- ---------------------- March 31, 1997 $25,000,0001,355,000 April 30, plus 75% of positive net income of Borrower after 1997 $2,200,000 May 31, 1997 $2,120,000 June 30, 1997 $2,565,000 July 31, 1997 $2,565,000 August 31, 1997 $2,660,000 September 30, 1997 $3,400,000 October 31, 1997 $3,520,000 November 30, 1997 $3,765,000 December 31, 2000.1997 $4,570,000

Minimum Book Net Worth. Permit Borrower's The Borrower will maintain, during each period described below, its Book Net Worth, determined as at the end of each month, at an amount not less that the amount set forth opposite such period: Period Minimum Book Net Worth at any time to be less than ------ ---------------------- July 1, 1999 through and $25,000,00020,000,000 including August 31, plus 75% of positive net income of Borrower after 1999 September 1, 1999 through and including $20,500,000 November 30, 1999 December 1, 1999 through and including $21,000,000 December 31, 2000.1999

Minimum Book Net Worth. Permit Borrower's The Borrower will maintain, during each period described below, its Book Net Worth Worth, determined as at any time to be the end of each month, at an amount not less than that the amount set forth opposite such period: PERIOD MINIMUM BOOK NET WORTH ------ ---------------------- July 1, 1999 through and $25,000,00020,000,000 including August 31, plus 75% of positive net income of Borrower after 1999 September 1, 1999 through and including $20,500,000 November 30, 1999 December 1, 1999 through and including $21,000,000 December 31, 2000.1999

Minimum Book Net Worth. Permit Borrower's The Borrower will maintain its Book Net Worth Worth, determined as at any time to be the end of each month through December 31, 2003, at an amount not less than $25,000,000, plus 75% of positive net income of Borrower after December 31, 200012,500,000.00.

Minimum Book Net Worth. Permit Borrower's The Borrower will maintain its Book Net Worth Worth, determined as of each date below, at any time to be an amount not less than the amount set forth opposite the applicable date: DATE MINIMUM BOOK NET WORTH ---- ---------------------- March 31, 1999 $25,000,0001,895,000 June 30, plus 75% of positive net income of Borrower after 1999 $1,970,000 September 30, 1999 $2,070,000 December 31, 2000.1999 $2,670,000