Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date plus (ii) 80.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 6 contracts
Samples: Credit Agreement (Main Street Capital CORP), Credit Agreement (Main Street Capital CORP), Credit Agreement (Triangle Capital CORP)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $555,000,000 plus (ii) 80.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 3 contracts
Samples: Credit Agreement (Main Street Capital CORP), Credit Agreement (Main Street Capital CORP), Credit Agreement (Main Street Capital CORP)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not at no time be less than the sum of (i) 80.090% of the Consolidated Tangible Net Worth on the Closing Date June 30, 2008 plus (ii) 80.0100% of the cumulative Net Proceeds of Capital SecuritiesStock/Conversion of Debt received during any period after the Closing DateJune 30, 2008, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Samples: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $400,000,000 plus (ii) 80.050.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Samples: Credit Agreement (Triangle Capital CORP), Credit Agreement (Triangle Capital CORP)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not at no time be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $900,000,000, plus (ii) 80.0100% of the cumulative Net Proceeds of Capital SecuritiesStock/Conversion of Debt received during any period after the Closing DateJune 30, 2008, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Samples: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not at no time be less than the sum of (i) 80.095% of the Consolidated Tangible Net Worth on the Closing Date June 30, 2008 plus (ii) 80.0100% of the cumulative Net Proceeds of Capital SecuritiesStock/Conversion of Debt received during any period after the Closing DateJune 30, 2008, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Samples: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $555,000,000 plus (ii) 80.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing DateSeptember 27, 2013, calculated quarterly at the end of each Fiscal Quarter.
Appears in 1 contract
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date plus (ii) 80.085.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 1 contract
Minimum Consolidated Tangible Net Worth. The Consolidated Tangible Net Worth shall not will at no time be less than the sum of (i) 80.090% of the Consolidated Tangible Net Worth on the Closing Date plus (ii) 80.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 1 contract
Samples: Revolving Credit Agreement (Carramerica Realty Corp)
