Example ContractsClausesAdjusted Tangible Net Worth
Adjusted Tangible Net Worth
Adjusted Tangible Net Worth contract clause examples

Adjusted Tangible Net Worth. On the Closing Date, each Borrower Party’s Adjusted Tangible Net Worth are not less than the amounts set forth in [Section 7.01(w)(i)] hereof.

Adjusted Tangible Net Worth. (A) PMC shall maintain an Adjusted Tangible Net Worth of at least $150,000,000, # Holdings shall maintain an Adjusted Tangible Net Worth of at least $250,000,000, and # Guarantor shall maintain an Adjusted Tangible Net Worth of at least $860,000,000.

Adjusted Tangible Net Worth. (A) PMC shall maintain an Adjusted Tangible Net Worth on a consolidated basis of not less than $150,000,000, # POP shall maintain an Adjusted Tangible Net Worth on a consolidated basis of not less than $860,000,000 and # Guarantor shall maintain an Adjusted Tangible Net Worth on a consolidated basis of not less than $860,000,000.

Adjusted Tangible Net Worth. (A) PMC shall maintain an Adjusted Tangible Net Worth on a consolidated basis of at least $150,000,000; # POP shall maintain an Adjusted Tangible Net Worth on a consolidated basis of at least $700,000,000; and # Guarantor shall maintain an Adjusted Tangible Net Worth on a consolidated basis of at least $860,000,000.

Tangible Net Worth. Effective as of May 1, 2021, [Section 9.1] of the Loan Agreement is hereby amended to read in full as follows:

Tangible Net Worth. Tangible Net Worth not less than the sum of # $100,000,000, plus # commencing for the Fiscal Year ended nearest to April 30, 2023, an aggregate amount equal to 50% of its Consolidated Net Income (but, in each case, only if a positive number) for each completed Fiscal Year.

Tangible Net Worth. A Tangible Net Worth of at least $20,000,000[Reserved].

The Borrower must ensure that its Tangible Net Worth at all times is greater than [[Unknown Identifier]].

Tangible Net Worth. No Borrower will permit its Tangible Net Worth, at any time, to be less than $4,000,000.

Tangible Net Worth. Not permit the Tangible Net Worth of the Loan Parties to be:

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