Common use of Consolidated Tangible Net Worth Clause in Contracts

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 plus (ii) an amount equal to 75% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014.

Appears in 5 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

AutoNDA by SimpleDocs

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 3,374,567,000 plus (ii) an amount equal to 75% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014the Closing Date.

Appears in 3 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 1,074,867,000 plus (ii) an amount equal to 7585% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014the Closing Date.

Appears in 3 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter at all times to be equal to or greater than the sum of (i) $1,644,768,000 17,942,505.34 plus (ii) an amount equal to seventy-five percent (75% %) of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Griffin-American Healthcare REIT IV, Inc.), Credit Agreement (Griffin-American Healthcare REIT IV, Inc.)

Consolidated Tangible Net Worth. The Borrower Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of any each fiscal quarter to be equal to or greater than the sum of (i) an amount equal to $1,644,768,000 350,000,000 plus (ii) an amount equal to 7580% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014during the period commencing on the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Appears in 2 contracts

Samples: Credit Agreement (Aviv Reit, Inc.), Credit Agreement (Aviv Reit, Inc.)

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 891,900,000 plus (ii) an amount equal to 75100% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31during the period commencing as of April 1, 2014.2009 and ending as of the last day of the fiscal quarter for which such calculation is being performed. Omega SNF Portfolio

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower Borrowers shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 891,900,000 plus (ii) an amount equal to 75100% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March during the period commencing as of December 31, 20142009 and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 1,351,053,000 plus (ii) an amount equal to 7585% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31June 30, 20142013.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

AutoNDA by SimpleDocs

Consolidated Tangible Net Worth. The Borrower shall cause the will not permit Consolidated Tangible Net Worth as of to be less at the end of any fiscal quarter to be equal to or greater than the sum of (ia) $1,644,768,000 350,000,000 plus (iib) an amount equal to 75% of the net cash proceeds received of any issuance by the Consolidated Parties Borrower or any of its Subsidiaries of common stock or the net proceeds of any capital contribution made to the Borrower or any of its Subsidiaries (except for proceeds from Equity Transactions subsequent to March 31, 2014.the Borrower or any of its Subsidiaries). SECTION 6.07

Appears in 1 contract

Samples: Credit Agreement (Tucson Electric Power Co)

Consolidated Tangible Net Worth. The Borrower Borrowers shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 500,000,000 plus (ii) an amount equal to 75100% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014during the period commencing as of the Closing Date and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower Borrowers shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 891,900,000 plus (ii) an amount equal to 75100% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31during the period commencing as of April 1, 20142009 and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 1,232,137,000 plus (ii) an amount equal to 7585% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.