Example ContractsClausesMinimum Shareholders’ Equity
Minimum Shareholders’ Equity
Minimum Shareholders’ Equity contract clause examples

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than the greater of # 30% of the value of the assets of the Borrower and its Subsidiaries and # $4,000,000,000, plus 50% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Sixth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than the greater of # 33% of the total assets of the Borrower and its Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and # $240,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Sixth Amendment Effective Date, which in any event shall not include dividends, distributions or other payments in respect of such Equity Interests that are paid in Equity Interests in respect of such Equity Interests.

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Eighth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Sixth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than the greater of # 30% of the value of the assets of the Borrower and its Subsidiaries and # $1,000,000,000, plus 50% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the First Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than the greater of # 40% of the value of the assets of the Borrower and its Subsidiaries and # 75% of ShareholdersEquity, determined as of the Effective Date, plus 50% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Minimum ShareholdersEquity. The Borrower will not permit ShareholdersEquity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.