Common use of Minimum Consolidated Net Worth Clause in Contracts

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 shall not permit its Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 500,000,000, PLUS (iib) thirty fifty percent (3050%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zeroif positive) calculated separately for each fiscal quarter of the Borrower commencing with the fiscal quarter ending December 31, 1998, PLUS (c) one hundred percent (100%) of the Net Cash Proceeds resulting from the issuance by the Borrower ending June 30, 1997of any Capital Stock.

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time the end of each fiscal quarter to be less than the sum of (i) $250,000,000 plus 8,000,000 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 ending after the Effective Date, an amount equal to 50% of the Consolidated Net Income (if positive) for such fiscal quarter and (without duplication) each previous fiscal quarter following the Effective Date PLUS for each Equity Issuance, an amount equal to 100% of the Borrower ending June 30, 1997amount by which Consolidated Net Worth is increased on account of such Equity Issuance.

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 80,322,000 PLUS (iib) thirty fifty percent (50%) of Net Income (if positive) calculated separately for each fiscal quarter ending after June 30, 1999, PLUS (c) seventy-five percent (75%) 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 adjustment to stockholders' equity made in connection with the fiscal quarter issuance of the Borrower ending June 30, 1997any Capital Stock.

Minimum Consolidated Net Worth. The Borrower will not permit its the Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 105,000,000, 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 zerob) for each fiscal quarter of the Borrower commencing ended through the date of determination, beginning with the fiscal quarter ending May 31, 1997, (i) 100% of the positive consolidated net income of the Borrower ending June 30and the Subsidiaries for such quarter, 1997.MINUS (ii) all cash dividends declared and paid by the Borrower for such quarter, and MINUS

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 30,503,070 PLUS (iib) thirty seventy-five percent (3075%) of Net Income (if positive) calculated separately for each fiscal quarter ending after December 31, 1998, PLUS (c) one-hundred percent (100%) 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 adjustment to stockholders' equity made in connection with the fiscal quarter issuance of the Borrower ending June 30, 1997any Capital Stock.

Minimum Consolidated Net Worth. The Borrower will not permit its the Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 103,000,000, 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 zerob) for each fiscal quarter of the Borrower commencing ended through the date of determination, beginning with the fiscal quarter ending May 31, 1996, (i) 100% of the positive consolidated net income of the Borrower ending June 30and the Subsidiaries for such quarter, 1997.MINUS (ii) all cash dividends declared and paid by the Borrower for such quarter, and MINUS

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 70,000,000, PLUS (iib) thirty fifty percent (3050%) of Net Income (if positive) calculated separately for each fiscal quarter ending after December 31, 1997, PLUS (c) seventy-five percent (75%) of the sum of net cash proceeds resulting from the Consolidated Net Income of issuance by the Borrower (with or any consolidated net loss during of its Subsidiaries of any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997Capital Stock.

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 160,000,000 PLUS (iib) thirty fifty percent (50%) of Net Income (if positive) calculated separately for each fiscal quarter ending after September 30, 1997, PLUS (c) seventy-five percent (75%) 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 adjustment to stockholder's equity made in connection with the fiscal quarter issuance of the Borrower ending June 30, 1997any Capital Stock.

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 73,258,100 PLUS (iib) thirty fifty percent (3050%) of Net Income (if positive) calculated separately for each fiscal quarter ending after June 31, 1998, PLUS (c) seventy-five percent (75%) 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 adjustment to stockholders' equity made in connection with the fiscal quarter issuance of the Borrower ending June 30, 1997any Capital Stock.

Minimum Consolidated Net Worth. The No Borrower will not shall permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 US$550,000,000 plus (ii) thirty fifty percent (3050%) of the sum of the Consolidated Net Income of for the Borrower Fiscal Quarters ending on or after July 2, 2004 (with any consolidated no deduction for a net loss during in any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997such Fiscal Quarter).

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus 325,000,000 PLUS (ii) thirty fifty percent (50%) of Net Income (if positive) calculated separately for each fiscal quarter ending after September 30, 2000, PLUS (iii) seventy-five percent (75%) 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 adjustment to stockholder's equity made in connection with the fiscal quarter issuance of the Borrower ending June 30, 1997any Capital Stock.

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (ia) $250,000,000 plus 65,322,500 PLUS (iib) thirty fifty percent (3050%) of Net Income (if positive) calculated separately for each fiscal quarter ending after March 31, 1998, PLUS (c) seventy-five percent (75%) 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 adjustment to stockholders' equity made in connection with the fiscal quarter issuance of the Borrower ending June 30, 1997any Capital Stock.

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time of the Borrower and its Subsidiaries to be less than the sum of $26,679,000 (i) $250,000,000 plus at December 31, 2000 for Fiscal Year 2000 and (ii) thirty percent (30%) on the last day of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) after December 31, 2000, for each any consecutive four-fiscal quarter period ending as of the Borrower commencing with the last day of such fiscal quarter of the Borrower ending June 30, 1997quarter."

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus 75,000,000 PLUS (ii) thirty seventy-five percent (75%) of Net Income (if positive) calculated separately for each fiscal quarter ending after June 30, 1998, PLUS (iii) seventy-five percent (75%) 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 adjustment to stockholders' equity made in connection with the fiscal quarter issuance of the Borrower ending June 30, 1997any Capital Stock.

Minimum Consolidated Net Worth. The Borrower will Borrowers shall not permit its Consolidated Net Worth at any time Quarterly Date to be less than $107,000,000 PLUS an amount equal to the sum of (i) $250,000,000 plus 85% of Consolidated Net Income for all periods from the Closing Date through such Quarterly Date less (ii) thirty percent (30%) of all net losses for Borrowers and their Restricted Subsidiaries on a consolidated basis for 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, 1997same period.

Minimum Consolidated Net Worth. The Borrower will shall not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 30,000,000 plus (ii) thirty fifty percent (30%) of the sum cumulative amount 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 (to the Borrower commencing with extent that the fiscal quarter same is a positive number) of the Borrower ending June 30after January 7, 19971994.

Minimum Consolidated Net Worth. The Borrower will not permit its Consolidated Net Worth of the Borrower and its Subsidiaries at any time to be less than the sum of (i) $250,000,000 151,000,000 plus (ii) thirty percent (30%) 75% 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.and its

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 648,758,000 PLUS (ii) thirty percent (30%) 50% of the sum of the Consolidated Net Income consolidated net income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for and its Consolidated Subsidiaries in each fiscal quarter of the Borrower commencing with the completed fiscal quarter of the Borrower ending June after September 30, 19972000 (with no deduction for a net loss in any such fiscal quarter).