Minimum Consolidated Net Worth Sample Clauses
The Minimum Consolidated Net Worth clause sets a required financial threshold that a company or borrower must maintain, typically measured as the total assets minus total liabilities on a consolidated basis. In practice, this clause often appears in loan agreements or credit facilities, where the borrower is obligated to keep its net worth above a specified minimum amount throughout the term of the agreement. By imposing this requirement, the clause helps ensure the ongoing financial stability of the borrower, thereby protecting the lender from increased credit risk due to potential insolvency or financial deterioration.
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Minimum Consolidated Net Worth. The Company will not at any time permit Consolidated Net Worth to be less than $9,000,000,000.
Minimum Consolidated Net Worth. Consolidated Net Worth will at no time be less than $550,000,000 plus 25% of the consolidated net income of the Borrower at the end of each fiscal quarter for each fiscal year commencing after the fiscal year ending December 31, 1994.
Minimum Consolidated Net Worth. The Company will not, at any time, permit Consolidated Net Worth to be less than the sum of (a) $500,000,000, plus (b) an aggregate amount equal to 25% of its Consolidated Net Income (but, in each case, only if a positive number) for each completed fiscal year beginning with the fiscal year ended December 31, 2003.
Section 1. 9. Subparagraph (g) of Section 10.5 of the Note Purchase Agreements is hereby amended and restated to read in its entirety as set forth below:
Minimum Consolidated Net Worth. The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.
Minimum Consolidated Net Worth. The Borrower will not at any time permit Consolidated Net Worth to be less than $9,000,000,000.
Minimum Consolidated Net Worth. Borrower shall have at all times and measured as of the end of each Fiscal Quarter, a Consolidated Net Worth equal to or greater than $2,500,000,000.
Minimum Consolidated Net Worth. The Company shall maintain at all times Consolidated Net Worth equal to not less than the sum of (a) $2,674,000,000 plus (b) an amount equal to 25% of the Net Equity Proceeds received by the Company from the issuance and sale of Equity Interests of the Company, including the conversion of debt securities of the Company into Equity Interests after the first fiscal quarter after the Closing Date.
Minimum Consolidated Net Worth. Not at any time permit Consolidated Net Worth to be less than the result of (a) $225,000,000 plus (b) 75% of Consolidated Net Income earned in each Fiscal Quarter ending after July 1, 2001 (with no deduction for a net loss in any such Fiscal Quarter) plus (c) 75% of the Net Cash Proceeds of any Equity Issuance after the Effective Date minus (d) 100% of the aggregate amount of Permitted Restricted Payments made by the Company and its Subsidiaries since the Effective Date.
Minimum Consolidated Net Worth. The Borrower shall at all times on a consolidated basis for the Borrower and its Subsidiaries maintain Consolidated Net Worth to be not less than the sum of: (i) $1,250,000,000 (ii) 50% of net income (if positive) for each fiscal quarter ending on September 30, 2005 and thereafter, and (iii) additions to equity to the Borrower, including, any Equity Issuance.
Minimum Consolidated Net Worth. The Company shall not permit its Consolidated Net Worth as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996) to be less than (a) the greater of (1) 90% of its Consolidated Net Worth as of June 30, 1996 and (2) $295,000,000, plus (b) 50% of Consolidated Net Income (without giving effect to any net loss for any period) from and after July 1, 1996, plus (c) 50% of all Net Issuance Proceeds from and after July 1, 1996.