Minimum Net Worth Definition: 285 Samples | Law Insider (2024)

Minimum Net Worth

means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

Minimum Net Worth

shall have the meaning provided in Section 5.16.

Examples of Minimum Net Worth in a sentence

  • The Borrower will at all times keep and maintain Consolidated Net Worth at an amount not less than the Minimum Net Worth.

  • Required Minimum Net Worth - measures the minimum net worth required in financing agreements.

  • Borrower shall maintain a Fair Market Minimum Net Worth equal to or in excess of $600,000,000.

  • Required Minimum Net Worth — measures the minimum net worth required in financial agreements.

  • Borrower will maintain a Net Worth of not less than the Minimum Net Worth.


More Definitions of Minimum Net Worth

Minimum Net Worth

means Fifteen Billion U.S. Dollars ($15,000,000,000).

Minimum Net Worth

means at any time shareholders equity in an amount not less than 3% of the aggregate Capital at such time.

Minimum Net Worth

has the meaning set forth in Section 2(j) below.

Minimum Net Worth

shall have the meaning set forth in Section 7.04 hereof.

Minimum Net Worth

means $25,000,000, PLUS cumulative quarterly increases equal to fifty percent (50%) of Borrower's net income for all fiscal quarters ending on or after July 31, 1999, excluding any adjustments thereto for losses, PLUS all amounts contributed to Borrower as equity at any time after September 1, 1999.

Minimum Net Worth

means $487,478,400 plus 50% of equity contributions after September 30, 2006; provided that on each September 30, commencing September 30, 2007, if 80% of the consolidated net worth of the Borrower and its Subsidiaries, calculated in accordance with GAAP, is greater than the Minimum Net Worth, the Minimum Net Worth shall be increased to such greater amount.

Minimum Net Worth

means a Net Worth of not less than $500,000,000.

Minimum Net Worth Definition: 285 Samples | Law Insider (2024)
Top Articles
Latest Posts
Article information

Author: Fredrick Kertzmann

Last Updated:

Views: 6366

Rating: 4.6 / 5 (66 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Fredrick Kertzmann

Birthday: 2000-04-29

Address: Apt. 203 613 Huels Gateway, Ralphtown, LA 40204

Phone: +2135150832870

Job: Regional Design Producer

Hobby: Nordic skating, Lacemaking, Mountain biking, Rowing, Gardening, Water sports, role-playing games

Introduction: My name is Fredrick Kertzmann, I am a gleaming, encouraging, inexpensive, thankful, tender, quaint, precious person who loves writing and wants to share my knowledge and understanding with you.