Common use of Minimum Consolidated Tangible Net Worth Clause in Contracts

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than (i) $2,700,000,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in the fiscal year ending December 31, 2013, plus (iii) 50% of Consolidated Net Income (if positive) earned in each completed fiscal year beginning with the fiscal year ending December 31, 2014.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than (i) $2,700,000,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in the fiscal year ending December 31, 2013, plus (iii) 50% of Consolidated Net Income (if positive) earned in each completed fiscal year beginning with the fiscal year ending December 31, 20142013.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than (i) $2,700,000,000547,000,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal year quarter ending December March 31, 20132004, plus (iii) 5075% of Consolidated the amount of all Net Income (if positive) earned in each completed fiscal year beginning with Cash Proceeds resulting from any issuance of the fiscal year ending December 31, 2014Borrower's or any Subsidiary's capital stock.

Minimum Consolidated Tangible Net Worth. The Borrower will maintain at all times maintain a Consolidated Tangible Net Worth of not less than the sum of (i) $2,700,000,000195,000,000 (subject to adjustment of such amount as hereinafter provided), plus (ii) 75% an amount equal to fifty percent (50%) of Consolidated the cumulative Net Income (if positive) of the Borrower earned in the fiscal year ending December after March 31, 20132000 (excluding any quarter in which there is a loss), plus and (iii) 50% one hundred percent (100%) of Consolidated Net Income (if positive) earned in each completed fiscal year beginning with the fiscal year ending December net proceeds received after March 31, 20142000 by the Borrower or any Subsidiary from the sale or issuance of any of its Common Equity.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times shall maintain a Consolidated Tangible Net Worth (exclusive of intercompany payables and receivables between Borrower and Guarantor) of not less than the sum of (i) $2,700,000,00015,750,000, plus (ii) 75% an amount equal to fifty percent (50.0%) of Consolidated Borrower's cumulative Net Income (if positive) earned in the Income, as calculated on an annual basis for each fiscal year of Borrower commencing with Borrower's fiscal year ending December 31, 2013, plus (iii) 50% of Consolidated Net Income (if positive) earned in each completed fiscal year beginning with the fiscal year ending December 31, 20141998.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times shall maintain a Consolidated Tangible Net Worth of not less greater than (i) $2,700,000,000, 677,286,768 plus (iia) 75% 25 percent of Consolidated Net Income (if positive) earned in the Borrower’s cumulative, positive consolidated net income for each fiscal year ending December 31quarter commencing on or after October 1, 2013, plus and (iiib) 50% 50 percent of Consolidated Net Income (if positive) earned the Equity Proceeds realized from the issuance of Equity Interests in each completed fiscal year beginning with the fiscal year ending December 31Borrower occurring on or after October 1, 20142013.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than the sum of (i) $2,700,000,00087,000,000, plus (ii) 75% fifty percent (50%) of Consolidated Net Income (if positive) earned in the fiscal year ending after December 31, 20132008 (taken as one accounting period), plus (iii) 50% but excluding from such calculation of Consolidated Net Income for purposes of this clause (if positiveii) earned any quarter in which Consolidated Net Income is negative, measured as of the end of each completed fiscal year beginning Fiscal Quarter commencing with the fiscal year Fiscal Quarter ending December 31September 30, 20142009.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than (i) $2,700,000,000500,000,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal year quarter ending December 31June 30, 20132003, plus (iii) 5075% of Consolidated the amount of all Net Income (if positive) earned in each completed fiscal year beginning with Cash Proceeds resulting from any issuance of the fiscal year ending December 31, 2014Borrower's or any Subsidiary's capital stock.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than the sum of (i) $2,700,000,000, 15,000,000.00 plus (ii) 7590% of Consolidated Net Income (if positive) earned in the fiscal year ending December 31, 2013, plus (iii) 50% of Consolidated Net Income (if positive) earned in each completed fiscal year beginning with the fiscal year ending December on or about August 31, 20142002 (without deduction for losses).

Minimum Consolidated Tangible Net Worth. The Borrower will maintain at all times maintain a Consolidated Tangible Net Worth of not less than (i) $2,700,000,000, 250,000,000 plus (ii) 75% fifty percent (50%) of the Consolidated Net Income (if positive) earned in the fiscal year ending December after March 31, 2013, 1995 (excluding any quarter in which there is a loss) plus (iii) 50% one hundred percent (100%) of Consolidated Net Income (if positive) earned in each completed fiscal year beginning with the fiscal year ending December net proceeds of capital stock issued by the Borrower after March 31, 20141995.

Minimum Consolidated Tangible Net Worth. The At all times, Borrower will at all times shall maintain a Consolidated Tangible Net Worth of not less than (i) $2,700,000,000, 20,000,000 plus (ii) 7550% of the Consolidated Net Income (if positive) earned in the on a cumulative basis for all preceding fiscal year ending December 31quarters of Borrower, 2013, plus (iii) 50% of Consolidated Net Income (if positive) earned in each completed fiscal year beginning commencing with the fiscal year ending December quarter ended March 31, 20142003.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than (i) $2,700,000,0002,300,000,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in the fiscal year ending December 31, 2013, plus (iii) 50% of Consolidated Net Income (if positive) earned in each completed fiscal year beginning with the fiscal year ending December 31, 20142011.

Minimum Consolidated Tangible Net Worth. The Borrower will shall, at all times times, maintain a Consolidated Tangible Net Worth of not less than $500,000,000 plus: (ia) $2,700,000,00025 per cent. of the Borrower’s cumulative, plus positive consolidated net income for each Accounting Period commencing on or after 31 December 2013; and (iib) 75% 50 per cent. of Consolidated Net Income (if positive) earned the Equity Proceeds realised from any issuance of Equity Interests in the fiscal year ending Borrower occurring on or after 31 December 31, 2013, plus (iii) 50% of Consolidated Net Income (if positive) earned in each completed fiscal year beginning with the fiscal year ending December 31, 2014.

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than (i) $2,700,000,0001,800,000,000, plus (ii) 75% of Consolidated Net Income (if positive) earned in each fiscal quarter beginning with the fiscal year quarter ending December March 31, 20132007, plus (iii) 5075% of Consolidated the amount of all Net Income Cash Proceeds resulting from any issuance of the Borrower’s or any Subsidiary’s capital stock (if positive) earned in each completed fiscal year beginning with other than the fiscal year ending December 31, 2014issuance of such stock to the Borrower or a Subsidiary).

Minimum Consolidated Tangible Net Worth. The Borrower will at all times shall maintain an Consolidated Tangible Net Worth of not less than at least the sum of (ia) $2,700,000,000, plus (ii) 7590% of the Consolidated Tangible Net Income Worth of the Borrower as of the date of this Agreement, (if positive) earned in the fiscal year ending December 31, 2013, plus (iiib) 50% of the cumulative Consolidated Net Income of the Borrower and its Restricted Subsidiaries after the date of this Agreement (if positive), and (c) earned in each completed fiscal year beginning with 100% of the fiscal year ending December 31, 2014Net Proceeds of any Qualified Equity Offering after the date of this Agreement.