Common use of Minimum Consolidated Tangible Net Worth Clause in Contracts

Minimum Consolidated Tangible Net Worth. The Borrower shall not at any time permit the Consolidated Tangible Net Worth to be less than (i) $671,852,800 plus (ii) 80% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (ia) $671,852,800 1,566,239,512.00, plus (iib) 80% seventy-five percent (75%) of the Net Offering Proceeds of all each Equity Issuances effected at any time Offering after March December 31, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries2011.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 1,188,928.00, plus (ii) 80% seventy-five percent (75%) of the sum of any additional Net Offering Proceeds of all Equity Issuances effected at any time after March 31, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its SubsidiariesClosing Date.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the its Consolidated Tangible Net Worth to be less than the sum of $190,000,000, plus seventy-five percent (i75%) $671,852,800 of the sum of (a) Net Offering Proceeds plus (iib) 80% the value of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 by units in the Borrower or any shares in RPB issued upon the contribution of its Subsidiaries assets to any Person other than the Borrower or any of its Subsidiaries.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 750,000,000.00, plus (ii) 80% seventy-five percent (75%) of the sum of (A) any additional Net Offering Proceeds after the date of all Equity Issuances effected at any time after March 31this Agreement, 2011 by plus (B) the value of interests in the Borrower or any interests in REIT issued upon the contribution of its Subsidiaries assets to any Person other than the Borrower or any of its Subsidiaries.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 1,000,000,000.00, plus (ii) 80% seventy-five percent (75%) of the sum of (A) any additional Net Offering Proceeds after the date hereof, plus (B) the value of all Equity Issuances effected at any time after March 31, 2011 by interests in the Borrower or any interests in REIT issued upon the contribution of its Subsidiaries assets to any Person other than the Borrower or any of its Subsidiaries.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the its Consolidated Tangible Net Worth to be less than the sum of $85,000,000, plus seventy-five percent (i75%) $671,852,800 of the sum of (a) Net Offering Proceeds plus (iib) 80% the value of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 by units in the Borrower or any shares in Parent issued upon the contribution of assets to Borrower or its Subsidiaries to plus (c) the amount of any Person other than the Trust Preferred Equity issued plus (d) proceeds from any convertible debt of Borrower or any of its SubsidiariesGuarantor.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the its Consolidated Tangible Net Worth to be less than the sum of $215,000,000, plus eighty percent (i80%) $671,852,800 of the sum of (a) Net Offering Proceeds plus (iib) 80% the value of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 by units in the Borrower or any shares in Parent issued upon the contribution of assets to Borrower or its Subsidiaries to plus (c) the amount of any Person other than the Trust Preferred Equity issued plus (d) proceeds from any convertible debt of Borrower or any of its SubsidiariesGuarantor.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Borrower’s Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 750,000,000.00, plus (ii) eighty percent (80% %) of the sum of (A) any additional Net Offering Proceeds after the date of all Equity Issuances effected at any time after March 31this Agreement, 2011 by plus (B) the value of interests in Borrower or any interests in REIT issued upon the contribution of assets to Borrower or its Subsidiaries to any Person other than after the Borrower or any date of its Subsidiariesthis Agreement (with such value determined at the time of contribution).

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (ia) $671,852,800 1,517,500,000.00, plus (iib) 80% seventy-five percent (75%) of the Net Offering Proceeds of all each Equity Issuances effected at any time Offering after March 31September 30, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries2011.

Minimum Consolidated Tangible Net Worth. The Borrower shall not at any time permit the Consolidated Tangible Net Worth at any time to be less than the sum of (i) $671,852,800 868,335,350; plus (ii) 8085% of the Net Offering Proceeds of all Equity Issuances effected at any time received after March 31September 30, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries2005.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (ia) $671,852,800 plus 400,000,000 and (iib) 80an amount equal to 50% of the Net Proceeds net proceeds generated by any and all issues of all Equity Issuances effected at any time after equity by the Borrower since March 31, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries2003.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 1,000,000,000.00, plus (ii) 80% seventy-five percent (75%) of the sum of any additional Net Offering Proceeds of all Equity Issuances effected at any time after March 31September 22, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries2015.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the its Consolidated Tangible Net Worth to be less than the sum of $320,000,000, plus eighty percent (i80%) $671,852,800 of the sum of (a) Net Offering Proceeds plus (iib) 80% the value of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 by units in the Borrower or any shares in Parent issued upon the contribution of assets to Borrower or its Subsidiaries to plus (c) the amount of any Person other than the Trust Preferred Equity issued plus (d) proceeds from any convertible debt of Borrower or any of its SubsidiariesGuarantor.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 150,000,000.00, plus (ii) eighty percent (80% %) of the sum of (A) any additional Net Offering Proceeds after the date hereof, plus (B) the value of all Equity Issuances effected at any time after March 31, 2011 by interests in the Borrower or any interests in REIT issued upon the contribution of its Subsidiaries assets to any Person other than the Borrower or any of its Subsidiaries.

Minimum Consolidated Tangible Net Worth. The Borrower shall not at any time permit the its Consolidated Tangible Net Worth at any time to be less than the sum of (ia) $671,852,800 70,000,000, plus (iib) 80% fifty percent (50%) of Net Income (if positive) calculated separately for each fiscal quarter ending after November 30, 1997, plus (c) one hundred percent (100%) of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 net cash proceeds resulting from the issuance by the Borrower or of any of its Subsidiaries to any Person other than the Borrower or any of its SubsidiariesCapital Stock.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 945,698,000.00, plus (ii) eighty percent (80% %) of the sum of any additional Net Offering Proceeds of all Equity Issuances effected at any time after March 31, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries2013.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Borrower’s Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 1,300,000,000.00, plus (ii) eighty percent (80% %) of the sum of (A) any Net Offering Proceeds of all Equity Issuances effected at any time after March 3121, 2011 by 2012, plus (B) the value of interests in Borrower or any interests in REIT issued upon the contribution of assets to Borrower or its Subsidiaries to any Person other than after March 21, 2012 (with such value determined at the Borrower or any time of its Subsidiariescontribution).

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 1,000,000,000.00,1,200,000,000.00, plus (ii) 80% seventy-five percent (75%) of the sum of (A) any additional Net Offering Proceeds after the date hereofFirst Amendment Date, plus (B) the value of all Equity Issuances effected at any time after March 31, 2011 by interests in the Borrower or any interests in REIT issued upon the contribution of its Subsidiaries assets to any Person other than the Borrower or any of its Subsidiaries.

Minimum Consolidated Tangible Net Worth. The Borrower shall not at any time permit the Consolidated Tangible Net Worth to be less than (i) $671,852,800 673,375,200 plus (ii) 80% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 2012 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 64,769,654, plus (ii) eighty percent (80% %) of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2011 aggregate proceeds received by the Borrower Consolidated Group (net of reasonable related fees and expenses and net of any redemption of shares, units or other ownership interest in the Consolidated Group during such period) in connection with any offering of its Subsidiaries to any Person stock or other than equity after the Borrower or any date of its Subsidiariesthis Agreement.

Minimum Consolidated Tangible Net Worth. The Borrower shall will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (i) $671,852,800 58,000,000.00, plus (ii) 80% eighty-five percent (85.0%) of the sum of any additional Net Offering Proceeds of all Equity Issuances effected at any time after March 31January 29, 2011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries2016.