Common use of Consolidated Adjusted Net Worth Clause in Contracts

Consolidated Adjusted Net Worth. Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 plus (ii) 75% of net cash proceeds from issuances of Equity Interests by the Company and its Subsidiaries to third parties after September 30, 2015.

Appears in 3 contracts

Samples: Credit and Term Loan Agreement (Gramercy Property Trust), Term Loan Agreement (GPT Operating Partnership LP), Term Loan Agreement (Gramercy Property Trust)

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Consolidated Adjusted Net Worth. Permit Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 764,542,618 plus (ii) 7585% of net cash proceeds Net Cash Proceeds from issuances of Equity Interests Capital Stock by the Company and its Subsidiaries to third parties Borrower or Holdings after September 30December 31, 20152010.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Medical Properties Trust Inc), Term Loan Agreement (MPT Operating Partnership, L.P.)

Consolidated Adjusted Net Worth. The Consolidated Tangible Net Worth to be is not less than the sum of (i) $2,240,000,000 764,542,618 plus (ii) 7585% of net cash proceeds Net Cash Proceeds from issuances of Equity Interests Capital Stock by the Company and its Subsidiaries to third parties Borrower or Holdings after September 30December 31, 20152010.]*

Appears in 2 contracts

Samples: Revolving Credit Agreement (Medical Properties Trust Inc), Term Loan Agreement (MPT Operating Partnership, L.P.)

Consolidated Adjusted Net Worth. Permit Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 403,662,837 plus (ii) 7585% of net cash proceeds Net Cash Proceeds from issuances of Equity Interests Capital Stock by the Company and its Subsidiaries to third parties Borrower or Holdings after September 30, 20152007.

Appears in 2 contracts

Samples: And Collateral Agreement (Medical Properties Trust Inc), Term Loan Agreement (Medical Properties Trust Inc)

Consolidated Adjusted Net Worth. Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 845,744,000 (which is equal to eighty-five percent (85%) of the Consolidated Tangible Net Worth of the Company and its Subsidiaries as of the Effective Date) plus (ii) 75% of net cash proceeds from issuances of Equity Interests by the Company and its Subsidiaries to third parties after September 30, 2015the Effective Date.

Appears in 1 contract

Samples: Lease Agreement (Four Corners Property Trust, Inc.)

Consolidated Adjusted Net Worth. Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 868,899,000 plus (ii) 75% of net cash proceeds from issuances of Equity Interests by the Company and its Subsidiaries to third parties after September 30, 20152016.

Appears in 1 contract

Samples: Four Corners Property Trust, Inc.

Consolidated Adjusted Net Worth. Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 925,000,000 plus (ii) 75% of net cash proceeds from issuances of Equity Interests by the Company and its Subsidiaries to third parties after September 30the Effective Date; provided that this financial covenant shall not be applicable during such time the Company has an Investment Grade Rating from at least two of Xxxxx’x, 2015S&P or Fitch.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Four Corners Property Trust, Inc.)

Consolidated Adjusted Net Worth. Permit Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 2,650,000,000 plus (ii) 75% of net cash proceeds Net Cash Proceeds from issuances of Equity Interests Capital Stock by the Company and its Subsidiaries to third parties Borrower or Holdings after September 30, 20152016.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.)

Consolidated Adjusted Net Worth. Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 925,000,000 plus (ii) 75% of net cash proceeds from issuances of Equity Interests by the Company and its Subsidiaries to third parties after September 30, 2015the Effective Date.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Four Corners Property Trust, Inc.)

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Consolidated Adjusted Net Worth. Permit Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 563,981,870 plus (ii) 7585% of net cash proceeds Net Cash Proceeds from issuances of Equity Interests Capital Stock by the Company and its Subsidiaries to third parties Borrower or Holdings after September 30March 31, 20152010.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Medical Properties Trust Inc)

Consolidated Adjusted Net Worth. Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 367,038,000664,451,000 plus (ii) 75% of net cash proceeds from issuances of Equity Interests by the Company and its Subsidiaries subsidiaries to third parties after September 30the Effective Date.March 31, 2015.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Gramercy Property Trust Inc.)

Consolidated Adjusted Net Worth. Permit Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 3,173,162,500 plus (ii) 75% of net cash proceeds Net Cash Proceeds from issuances of Equity Interests Capital Stock by the Company and its Subsidiaries to third parties Operating Partnership or Holdings after September 30, 20152018.

Appears in 1 contract

Samples: Syndicated Facility Agreement (MPT Operating Partnership, L.P.)

Consolidated Adjusted Net Worth. Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 367,038,000 plus (ii) 75% of net cash proceeds from issuances of Equity Interests by the Company and its Subsidiaries subsidiaries to third parties after September 30, 2015the Effective Date.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Gramercy Property Trust Inc.)

Consolidated Adjusted Net Worth. Permit Consolidated Tangible Net Worth to be less than the sum of (i) $2,240,000,000 1,142,577,089 plus (ii) 75% of net cash proceeds Net Cash Proceeds from issuances of Equity Interests Capital Stock by the Company and its Subsidiaries to third parties Borrower or Holdings after September 30December 31, 20152013.

Appears in 1 contract

Samples: Guarantee Agreement (MPT Operating Partnership, L.P.)

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