Section 17. 12. The Seller’s Adjusted Tangible Net Worth as of __________ is $____________________ (the minimum under Section 17.12 is $21,000,000.) Consolidated Assets: $ _________________ Minus Debt: $ __________________ Minus Contingent Indebtedness: $ __________________ Minus Intangible Assets (excluding Capitalized Servicing Rights): $ __________________ Minus Receivables from Affiliates: $ _________________ ADJUSTED TANGIBLE NET WORTH: $ __________________
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Sources: First Amendment to Second Amended and Restated Master Repurchase Agreement (M.D.C. Holdings, Inc.), Master Repurchase Agreement (M.D.C. Holdings, Inc.)
Section 17. 12. The Seller’s Adjusted Tangible Net Worth as of __________ is $____________________ (the minimum under Section 17.12 is $21,000,00018,000,000.) Consolidated Assets: $ _________________ Minus Debt: $ __________________ Minus Contingent Indebtedness: $ __________________ Minus Intangible Assets (excluding Capitalized Servicing Rights): $ __________________ Minus Receivables from Affiliates: $ _________________ ADJUSTED TANGIBLE NET WORTH: $ __________________$
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Section 17. 12. The Seller’s Adjusted Tangible Net Worth as of __________ is $____________________ (the minimum under Section 17.12 is $21,000,00018,000,000.) Consolidated Assets: $ __________________ Minus Debt: $ __________________ Minus Contingent Indebtedness: $ __________________ Minus Intangible Assets (excluding Capitalized Servicing Rights): $ __________________ Minus Receivables from Affiliates: $ __________________ ADJUSTED TANGIBLE NET WORTH: $ __________________
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