Common use of Minimum Tangible Net Worth of Borrower Clause in Contracts

Minimum Tangible Net Worth of Borrower. As of the end of the fiscal quarter ended _________, ____, Borrower and its Subsidiaries, on a consolidated basis, had a Tangible Net Worth equal to $____________, which amount [is/is not] greater than or equal to the minimum amount required by Section 7.17(b) of the Loan Agreement for the corresponding period (i.e. the lesser of (I) the sum of the outstanding principal balances of Borrower’s three largest Eligible Notes Receivable, and (II) $50,000,000, plus any positive amount of cumulative equity contributions made to Borrower from and after the Closing Date).

Minimum Tangible Net Worth of Borrower. As of the end of the fiscal quarter ended _________, ____, Borrower and its Subsidiaries, on a consolidated basis, had a Tangible Net Worth equal to $____________$ , which amount [is/is not] greater than or equal to the minimum amount required by Section 7.17(b7.16(b) of the Loan Agreement for the corresponding period (i.e. the lesser of (I) the sum of the outstanding principal balances of Borrower’s three largest Eligible Notes ReceivableNote Receivables, and (II) $50,000,000, plus any positive amount of cumulative equity contributions made to Borrower from and after the Closing Date).