Common use of Minimum Consolidated Tangible Net Worth Clause in Contracts

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (a) $3,425,000,000.00, plus (b) seventy-five percent (75%) of the Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 2 contracts

Sources: Term Loan Agreement (Mid-America Apartments, L.P.), Term Loan Agreement (Mid-America Apartments, L.P.)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.00, 800,000,000.00 plus (bii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)

Minimum Consolidated Tangible Net Worth. The Borrower will shall not at any time permit Consolidated Tangible Net Worth at any time to be less than the sum of (ai) $3,425,000,000.00, 754,441,200; plus (bii) seventy-five percent (75%) 85% of the Net Offering Proceeds of each Equity Offering received after the date of this AgreementApril 4, 2003.

Appears in 2 contracts

Sources: Loan Agreement (Bre Properties Inc /Md/), Loan Agreement (Bre Properties Inc /Md/)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.00310,504,331.00, plus (bii) seventy-five percent (7575.0%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ Reit, Inc.)

Minimum Consolidated Tangible Net Worth. The Borrower will shall not at any time permit Consolidated Tangible Net Worth to be less than the sum of (a) $3,425,000,000.00, 500,000,000 plus (b) seventyeighty-five percent (7585%) of the Net Offering Proceeds of each any Equity Offering Issuance received after the date of this AgreementAgreement Execution Date.

Appears in 2 contracts

Sources: Credit Agreement (Associated Estates Realty Corp), Term Loan Agreement (Associated Estates Realty Corp)

Minimum Consolidated Tangible Net Worth. The Borrower will shall not at any time permit Consolidated Tangible Net Worth to be less than the sum of (a) $3,425,000,000.00, 600,000,000 plus (b) seventyeighty-five percent (7585%) of the Net Offering Proceeds of each any Equity Offering Issuance received after the date of this AgreementAgreement Execution Date.

Appears in 2 contracts

Sources: Term Loan Agreement (Associated Estates Realty Corp), Credit Agreement (Associated Estates Realty Corp)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.00the Tangible Net Worth Base Amount, plus (bii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Carter Validus Mission Critical REIT, Inc.)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.00$ , plus (bii) seventy-five percent (7575.0%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Four Springs Capital Trust)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (a) $3,425,000,000.00373,611,000.00, plus (b) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Jernigan Capital, Inc.)

Minimum Consolidated Tangible Net Worth. The Borrower will shall not at any time permit Consolidated Tangible Net Worth to be less than the sum of (a) $3,425,000,000.00, 334,938,331 plus (b) seventyeighty-five percent (7585%) of the Net Offering Proceeds of each any Equity Offering Issuance received after the date of this AgreementAgreement Execution Date.

Appears in 1 contract

Sources: Credit Agreement (Associated Estates Realty Corp)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit the Consolidated Tangible Net Worth at any time prior to the Investment Grade Release Date to be less than the sum of (a) $3,425,000,000.00, 1,323,250,175 plus (b) seventy-five an amount equal to fifty percent (7550%) of net equity proceeds received by the Net Offering Proceeds of each Equity Offering Consolidated Group after the date of this AgreementSeptember 30, 2024.

Appears in 1 contract

Sources: Credit Agreement (Sila Realty Trust, Inc.)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.00400,000,000.00, plus (bii) seventy-five eighty percent (7580%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)

Minimum Consolidated Tangible Net Worth. The Borrower will shall not at any time permit Consolidated Tangible Net Worth at any time to be less than the sum of (ai) $3,425,000,000.00, 868,335,350; plus (bii) seventy-five percent (75%) 85% of the Net Offering Proceeds of each Equity Offering received after the date of this AgreementSeptember 30, 2005.

Appears in 1 contract

Sources: Credit Agreement (Bre Properties Inc /Md/)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.0058,000,000.00, plus (bii) seventyeighty-five percent (7585.0%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Four Springs Capital Trust)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.0055,000,000.00, plus (bii) seventy-five eighty percent (7580%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Condor Hospitality Trust, Inc.)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.00104,579,000, plus (bii) seventy-five eighty percent (7580%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc)

Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $3,425,000,000.00750,000,000.00, plus (bii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds of each Equity Offering after the date of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Carter Validus Mission Critical REIT, Inc.)