Common use of Minimum Tangible Net Worth Clause in Contracts

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 plus (ii) 75% of the Net Proceeds of all Equity Issuances by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 3 contracts

Sources: Credit Agreement (CubeSmart, L.P.), Term Loan Agreement (U-Store-It Trust), Credit Agreement (U-Store-It Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 1,500,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after June 30, 2010 Borrower or any Subsidiary (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary)) after the Agreement Date.

Appears in 3 contracts

Sources: Credit Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust), Interim Loan Agreement (Hospitality Properties Trust)

Minimum Tangible Net Worth. Permit Tangible Net Worth at any time to be less than (i) $821,211,200 2,300,000,000.00 plus (ii) 7550% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement Date by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower or any Subsidiaries to any Person other Subsidiary)than Parent or any of its Subsidiaries. This shall be measured quarterly.

Appears in 3 contracts

Sources: Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc)

Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $821,211,200 959,835,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent and Guarantor or any of its Subsidiaries after June 30, 2010 (to any Person other than Equity Issuances to the Parent, the Borrower Parent Guarantor or any other Subsidiary).

Appears in 3 contracts

Sources: Term Loan Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust), Term Loan Agreement (Chesapeake Lodging Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 1,350,000,000 plus (ii) 7585.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries Borrower or any Subsidiary after June 30, 2010 2009 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 3 contracts

Sources: Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.)

Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $821,211,200 plus 2,061,865,500, and (ii) an amount equal to seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Parent and its Subsidiaries after June September 30, 2010 2019 (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Parent, the Interests of Parent or Borrower or any other Subsidiarypermitted hereunder).

Appears in 2 contracts

Sources: Credit Agreement (Rexford Industrial Realty, Inc.), Credit Agreement (Rexford Industrial Realty, Inc.)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 300,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the effective date of the Line of Credit Agreement (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 2 contracts

Sources: Term Loan Agreement (Kite Realty Group Trust), Term Loan Agreement (Kite Realty Group Trust)

Minimum Tangible Net Worth. Permit Tangible Net Worth at any time to be less than (i) $821,211,200 2,552,775,000.00 plus (ii) 7550% of the Net Proceeds of all Equity Issuances affected at any time after the Agreement Date by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower or any Subsidiaries to any Person other Subsidiary)than Parent or any of its Subsidiaries. This shall be measured quarterly.

Appears in 2 contracts

Sources: Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 300,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Agreement Date (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 2 contracts

Sources: Credit Agreement (Kite Realty Group Trust), Credit Agreement (Kite Realty Group Trust)

Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $821,211,200 plus 760,740,750, and (ii) an amount equal to seventy‑five percent (75% %) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Parent and its Subsidiaries after June September 30, 2010 2016 (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Parent, the Interests of Parent or Borrower or any other Subsidiarypermitted hereunder).

Appears in 2 contracts

Sources: Credit Agreement (Rexford Industrial Realty, Inc.), Credit Agreement (Rexford Industrial Realty, Inc.)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than the sum of (i) $821,211,200 240,998,541 plus (ii) an amount equal to seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Parent and its Subsidiaries after June 30March 31, 2010 2014 (other than Equity Issuances to the Parent, the Borrower or proceeds received in connection with any other Subsidiarydividend reinvestment program).

Appears in 2 contracts

Sources: Term Loan Agreement (Agree Realty Corp), Revolving Credit and Term Loan Agreement (Agree Realty Corp)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 500,000,000 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after June September 30, 2010 2006 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 2 contracts

Sources: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)

Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $821,211,200 plus 283,622,250, and (ii) an amount equal to seventy‑five percent (75% %) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Parent and its Subsidiaries after June 30March 31, 2010 2014 (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Parent, the Interests of Parent or Borrower or any other Subsidiarypermitted hereunder).

Appears in 2 contracts

Sources: Credit Agreement (Rexford Industrial Realty, Inc.), Credit Agreement (Rexford Industrial Realty, Inc.)

Minimum Tangible Net Worth. Permit Tangible Net Worth at any time to be less than (i) $821,211,200 1,140,494,000.00 plus (ii) 7550% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement Date by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower or any Subsidiaries to any Person other Subsidiary)than the Parent or any of its Subsidiaries.

Appears in 2 contracts

Sources: Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than the sum of (i) $ $821,211,200 480,986,250 plus (ii) an amount equal to seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Parent and its Subsidiaries after June September 30, 2010 2016 (other than Equity Issuances to the Parent, the Borrower or proceeds received in connection with any other Subsidiarydividend reinvestment program).

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (Agree Realty Corp), Term Loan Agreement (Agree Realty Corp)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 98,000,000102,930,757 , plus (ii) 75% eighty-five percent (85%) of the Net Proceeds of all Equity Issuances (including capital calls) by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, Guarantor or the Borrower or any after the 2023 First Amendment Effective Date (with compliance certified as of the last day of each fiscal quarter for the Reference Period then ended in a Compliance Certificate delivered pursuant to Section 9.3 and at each other Subsidiarydate of determination).

Appears in 1 contract

Sources: Credit Agreement (HC Government Realty Trust, Inc.)

Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than (i) $821,211,200 673,871,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances effected at any time after September 30, 2012 by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower Guarantor or any other Subsidiary)of its Subsidiaries.

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 700,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after June 30, 2010 Borrower or any Subsidiary (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary)) after the Agreement Date.

Appears in 1 contract

Sources: Credit Agreement (Senior Housing Properties Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than the sum of (i) $821,211,200 480,986,250 plus (ii) an amount equal to seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Parent and its Subsidiaries after June September 30, 2010 2016 (other than Equity Issuances to the Parent, the Borrower or proceeds received in connection with any other Subsidiarydividend reinvestment program).

Appears in 1 contract

Sources: Term Loan Agreement (Agree Realty Corp)

Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $821,211,200 959,835,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2018 by the Parent and Guarantor or any of its Subsidiaries after June 30, 2010 (to any Person other than Equity Issuances to the Parent, the Borrower Parent Guarantor or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 50,266,761, plus (ii) 75% eighty-five percent (85%) of the Net Proceeds of all Equity Issuances (including capital calls) by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, Guarantor or the Borrower or any after the Effective Date (with compliance certified as of the last day of each fiscal quarter for the Reference Period then ended in a Compliance Certificate delivered pursuant to Section 9.3 and at each other Subsidiarydate of determination).

Appears in 1 contract

Sources: Credit Agreement (HC Government Realty Trust, Inc.)

Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $821,211,200 plus 259,627,875.00, and (ii) an amount equal to seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances net equity proceeds received by Parent after the Parent and its Subsidiaries after June 30, 2010 Closing Date (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Parent, the Interests of Parent or Borrower or any other Subsidiarypermitted hereunder).

Appears in 1 contract

Sources: Credit Agreement (Rexford Industrial Realty, Inc.)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 490,000,000 plus (ii) 7585.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries Borrower or any Subsidiary after June 30December 31, 2010 2002 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Commercial Net Lease Realty Inc)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 350,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Agreement Date (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 1 contract

Sources: Term Loan Agreement (Kite Realty Group Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 350,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Agreement Date (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Kite Realty Group Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 1,250,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after June 30, 2010 Borrower or any Subsidiary (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary)) after the Agreement Date.

Appears in 1 contract

Sources: Term Loan Agreement (HRPT Properties Trust)

Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than (i) $821,211,200 458,667,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances by the Parent and its Subsidiaries effected at any time after June 30, 2010 (other than Equity Issuances to 2011 by the Parent, the Borrower Parent Guarantor or any other Subsidiary)of its Subsidiaries.

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 140,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries Borrower or any Subsidiary after June 30, 2010 2005 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Government Properties Trust Inc)

Minimum Tangible Net Worth. Permit Tangible Net Worth at any time to be less than (i) $821,211,200 1,600,000,000.00 plus (ii) 7550% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement Date by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower or any Subsidiaries to any Person other Subsidiary)than the Parent or any of its Subsidiaries.

Appears in 1 contract

Sources: Loan Agreement (CBL & Associates Properties Inc)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 673,234,400 plus (ii) 75% of the Net Proceeds of all Equity Issuances by the Parent and its Subsidiaries after June September 30, 2010 2006 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (U-Store-It Trust)

Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $821,211,200 plus 760,740,750, and (ii) an amount equal to seventy-five percent (75% %) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Parent and its Subsidiaries after June September 30, 2010 2016 (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Parent, the Interests of Parent or Borrower or any other Subsidiarypermitted hereunder).

Appears in 1 contract

Sources: Credit Agreement (Rexford Industrial Realty, Inc.)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 1,400,000,000.00 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Agreement Date (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Kite Realty Group, L.P.)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 715,000,000 plus (ii) 7585.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries Borrower or any Subsidiary after June September 30, 2010 2005 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Commercial Net Lease Realty Inc)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 915,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Effective Date (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Ashford Hospitality Trust Inc)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 600,000,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary)of its Subsidiaries at any time after December 31, 1998.

Appears in 1 contract

Sources: Credit Agreement (CNL American Properties Fund Inc)

Minimum Tangible Net Worth. The Tangible Net Worth at any time to be less than (i) $821,211,200 1,911,227,000 plus (ii) 75% eighty-five percent (85.00%) of the Net Proceeds of all Equity Issuances by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary)of their respective Subsidiaries after December 31, 2016.

Appears in 1 contract

Sources: Credit Agreement (Colony Starwood Homes)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 325,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Agreement Date (other than (x) Equity Issuances to the Parent, the Borrower Parent or any other SubsidiarySubsidiary and (y) the approximately $32,500,000 issuance of Preferred Equity Interests of Parent made pursuant to the Parent’s prospectus supplement dated March 7, 2012).

Appears in 1 contract

Sources: Term Loan Agreement (Kite Realty Group Trust)

Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than (i) $821,211,200 143,966,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2010 by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower Guarantor or any other Subsidiary)of its Subsidiaries.

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 1,400,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Agreement Date (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Kite Realty Group Trust)

Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $821,211,200 844,576,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2014 by the Parent and Guarantor or any of its Subsidiaries after June 30, 2010 (to any Person other than Equity Issuances to the Parent, the Borrower Parent Guarantor or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 1,350,000,000 plus (ii) 7580.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries Borrower or any Subsidiary after June 30, 2010 2009 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (National Retail Properties, Inc.)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 1,400,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30July 1, 2010 2014 (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 1 contract

Sources: Term Loan Agreement (Kite Realty Group, L.P.)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 170,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Agreement Date (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Kite Realty Group Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 827,029,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances by the Parent and its Subsidiaries after June September 30, 2010 2009 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (U-Store-It Trust)

Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than (i) $821,211,200 263,353,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2010 by the Parent and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower Guarantor or any other Subsidiary)of its Subsidiaries.

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)

Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $821,211,200 325,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after June 30, 2010 the Agreement Date (other than Equity Issuances to the Parent, the Borrower Parent or any other Subsidiary).

Appears in 1 contract

Sources: Credit Agreement (Kite Realty Group Trust)