196 CONSOLIDATED NET WORTH

Example Definitions of "196 CONSOLIDATED NET WORTH"
196 CONSOLIDATED NET WORTH. The Account Party will not permit its Consolidated Net Worth to be less than the sum of (a) $4,250,000,000 plus (b) 25% of net income (if positive) for each fiscal quarter of the Account Party commencing with the fiscal quarter ending September 30, 2002.
Found in XL GROUP LTD contract
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