Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth at any time to be less than the sum of (a) $100,000,000, plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from issuances or sales of Equity Interests of the Parent or any of its Subsidiaries consummated after the Closing Date.
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Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (aaA) $100,000,000, 1,149,979,129.00 plus (bbB) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing DateSeptember 30, 2018.
Appears in 2 contracts
Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 228,728,000 plus (b) an amount equal to 7580% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing Date.
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Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 524,697,000 plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing Date.
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Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth at any time to be less than the sum of (a) $100,000,000283,141,000, plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from issuances or sales of Equity Interests of the Parent or any of its Subsidiaries consummated after the Closing Date.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 588,588,750 plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing Date.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 638,961,000 plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing Date.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,0001,149,979,129.00, plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing DateSeptember 30, 2018.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 1,105,342,000 plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of 86 Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing DateSeptember 26, 2017.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 1,105,342,000 plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing Third Amendment Effective Date.”
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 1,105,342,000 plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing DateDate .
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 1,105,342,000 plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing First Amendment Effective Date.”
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth at any time to be of not less than the sum of (a) $100,000,000, 588,588,750 plus (b) an amount equal to 75% of the net cash proceeds received by the Parent or a Subsidiary thereof from of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after the Closing Second Amendment Effective Date.”
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Minimum Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth at any time to be less than the sum of (a) $100,000,000275,000,000, plus (b) an amount equal to seventy-five percent (75% %) of the net cash proceeds received by the Parent or a Subsidiary thereof from issuances or sales amount of Net Proceeds of any Equity Interests of the Parent or any of its Subsidiaries consummated after Issuances subsequent to the Closing DateDate .
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