Common use of Consolidated Adjusted Net Worth Clause in Contracts

Consolidated Adjusted Net Worth. As of the end of each fiscal quarter, permit the Consolidated Adjusted Net Worth to be less than an amount equal to the sum of (i) $900,000,000, plus (ii) eighty-five percent (85%) of Net Cash Proceeds from Equity Transactions after the Closing Date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Ventas Inc), Joinder Agreement (Ventas Inc)

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Consolidated Adjusted Net Worth. As of the end of each fiscal quarterquarter beginning with the fiscal quarter ending June 30, 2007, permit the Consolidated Adjusted Net Worth to be less than an amount equal to the sum of (i) $900,000,000, plus (ii) eighty-five percent (85%) of Net Cash Proceeds from Equity Transactions after the Closing DateApril 26, 2006.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Ventas Inc)

Consolidated Adjusted Net Worth. As of the end of each fiscal quarter, permit Permit the Consolidated Adjusted Net Worth to be be, as of the end of any fiscal quarter, less than an amount equal to the sum of (i) $900,000,000, 75% of Consolidated Adjusted Net Worth for the most recent fiscal quarter ended prior to the Closing Date plus (ii) eighty-eighty five percent (85%) of Net Cash Proceeds from all Public Equity Transactions after Issuances subsequent to the Closing Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas Inc)

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Consolidated Adjusted Net Worth. As of the end of each fiscal quarter, permit the Consolidated Adjusted Net Worth to be less than an amount equal to the sum of (i) $900,000,0002,250,000,000, plus (ii) eighty-five percent (85%) of Net Cash Proceeds from Equity Transactions after the Closing Third Amendment Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas Inc)

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