Tangible Net Worth. The Borrower and its Subsidiaries on a consolidated basis shall have, on the last day of each fiscal quarter, Tangible Net Worth greater than .
Minimum Tangible Net Worth. Permit Consolidated Tangible Net Worth at any time to be less than the sum of # plus # an amount equal to 75% of the net proceeds received by the Borrower from issuances and sales of Equity Interests of the Borrower occurring after (other than proceeds received within ninety (90) days before or after the redemption, retirement or repurchase of Equity Interests in the Borrower up to the amount paid by the Borrower in connection with such redemption, retirement or repurchase, in each case where, for the avoidance of doubt, the net effect is that the Borrower shall not have increased its net worth as a result of any such proceeds).
Minimum Tangible Net Worth. Guarantor shall maintain Tangible Net Worth of not less than . Tangible Net Worth means, at any particular time, all amounts which, in conformity with GAAP (as defined in the Warehouse Agreement), would be properly included as owners equity on Guarantors balance sheet, but excluding # all assets which are properly classified as intangible assets, and # loans or advances to, or receivables from, any owner, officer or employee of Guarantor.
Minimum Tangible Net Worth. shall maintain Tangible Net Worth of not less than . Tangible Net Worth means, at any particular time, all amounts which, in conformity with GAAP, would be properly included as owners equity on s balance sheet, but excluding # all assets which are properly classified as intangible assets, and # loans or advances to, or receivables from, any owner, officer or employee of .
Minimum Consolidated Net Worth. The Company will not permit Consolidated Net Worth at any time to be less than .
Consolidated Funded Debt to Consolidated Tangible Net Worth Covenant. As of the last day of each calendar month, shall not permit the ratio, for , of Consolidated Funded Debt to Consolidated Tangible Net Worth to exceed 5.0:1.0.
Borrower’s Tangible Net Worth as of the Date greater than or equal to the greater of # , and # Item 4(a)(ix), as required to be in compliance with [Section 6.1(q)] of the Loan Agreement.
SECTION # Minimum Consolidated Tangible Net Worth. The Consolidated Tangible Net Worth shall at no time be less than .
In addition, notwithstanding the foregoing, solely for purposes of determining the minimum Consolidated Tangible Net Worth in [Section 5.07], “Consolidated Tangible Net Worth” shall be determined solely with
Maintenance of Adjusted Tangible Net Worth. The Financial Reporting Party has maintained an Adjusted Tangible Net Worth of not less than .
SECTION # Minimum Consolidated Tangible Net Worth
In addition, notwithstanding the foregoing, solely for purposes of determining the minimum Consolidated Tangible Net Worth in [Section 5.07], “Consolidated Tangible Net Worth” shall be determined solely with respect to the assets and liabilities of the Loan Parties on a stand-alone basis. For the avoidance of doubt, “Consolidated Tangible Net Worth” shall not include any assets or liabilities of any Loan Fund Joint Venture
SECTION #Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall be calculated quarterly commencing on the Fiscal Quarter ending and at the end of each Fiscal Quarter thereafter, and shall not be less than the greater of # the aggregate amount of the Revolver Commitments or # .
Consolidated Tangible Net Worth. As of any date of determination, Total Asset Value less all Indebtedness.
“Asset Coverage Ratio” means the ratio of Consolidated Tangible Net Worth plus aggregate Debt of the Borrower and its Consolidated Subsidiaries (“Consolidated Debt”) to outstanding Consolidated Debt.
determining compliance with any provision of this Agreement which requires the calculation of Consolidated Tangible Net Worth or the Net Leverage Ratio; or
“Consolidated Tangible Net Worth” means at any date the consolidated common shareholders’ equity of the Company and its Consolidated Subsidiaries less their consolidated Intangible Assets, all determined as of such date.
“Tangible Net Worth” means the aggregate assets of excluding all intangible assets, including, but not limited to, goodwill, licenses, trademarks, patents, copyrights, organization costs, appraisal surplus, officer, stockholder, related entity and employee advances or receivables, mineral rights and the like, less liabilities, plus Subordinated Debt, all determined in accordance with G.A.A.P. (except to the extent that under G.A.A.P. “tangible net worth” excludes leasehold improvements which are included in “Tangible Net Worth” as defined herein).
Section # Tangible Net Worth. The Borrower will, at all times, maintain a Tangible Net Worth of not less than , with such minimum Tangible Net Worth # to increase as of the end of each fiscal year, commencing , by an amount equal to thirty-three and four-tenths of one percent (33.4%) of Borrower’s positive net income for the fiscal year then ending, and # to decrease by an amount equal to the lesser of # aggregate dividends paid from time to time by the Borrower from and after the First Amendment Effective Date, and # . This covenant shall be tested quarterly. “Tangible
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