Minimum Tangible Net Worth. Tangible Net Worth shall not at any time be less than the sum of (i) $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 Guarantor or any of its Subsidiaries to any Person other than the Parent Guarantor or any Subsidiary.
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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 shall not at any time to be less than the sum of (i) $959,835,000 821,211,200 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor and its Subsidiaries after June 30, 2010 (other than Equity Issuances to the Parent, the Borrower or any of its Subsidiaries to any Person other than the Parent Guarantor or any 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 shall not at any time to be less than the sum of (i) $959,835,000 300,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person Subsidiary after the Agreement Date (other than Equity Issuances to the Parent Guarantor or any Subsidiary).
Appears in 2 contracts
Sources: Credit Agreement (Kite Realty Group Trust), 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) $959,835,000 500,000,000 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of and its Subsidiaries to any Person after September 30, 2006 (other than Equity Issuances to the Parent Guarantor Parent, the Borrower or any Subsidiary).
Appears in 2 contracts
Sources: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 1,400,000,000.00 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person Subsidiary after the Agreement Date (other than Equity Issuances to the Parent Guarantor or any Subsidiary).
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 325,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person Subsidiary after the Agreement Date (other than (x) Equity Issuances to the Parent Guarantor or any 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).
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time be less than the sum of (i) $959,835,000 143,966,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances effected at any time after December March 31, 2016 2010 by the Parent Guarantor or any of its Subsidiaries to any Person other than the Parent Guarantor or any SubsidiarySubsidiaries.
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 915,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person Subsidiary after the Effective Date (other than Equity Issuances to the Parent Guarantor or any Subsidiary).
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 1,400,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person Subsidiary after the Agreement Date (other than Equity Issuances to the Parent Guarantor or any Subsidiary).
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time be less than the sum of (i) $959,835,000 844,576,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 2014 by the Parent Guarantor or any of its Subsidiaries to any Person other than the Parent Guarantor or any Subsidiary.
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 325,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person Subsidiary after the Agreement Date (other than Equity Issuances to the Parent Guarantor or any Subsidiary).
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time be less than the sum of (i) $959,835,000 673,871,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances effected at any time after December 31September 30, 2016 2012 by the Parent Guarantor or any of its Subsidiaries to any Person other than the Parent Guarantor or any SubsidiarySubsidiaries.
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 673,234,400 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor and its Subsidiaries after September 30, 2006 (other than Equity Issuances to the Parent, the Borrower or any of its Subsidiaries to any Person other than the Parent Guarantor or any Subsidiary).
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Sources: Credit Agreement (U-Store-It Trust)
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 827,029,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor and its Subsidiaries after September 30, 2009 (other than Equity Issuances to the Parent, the Borrower or any of its Subsidiaries to any Person other than the Parent Guarantor or any Subsidiary).
Appears in 1 contract
Sources: Credit Agreement (U-Store-It Trust)
Minimum Tangible Net Worth. The Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 1,911,227,000 plus (ii) 75% eighty-five percent (85.00%) of the Net Proceeds of all Equity Issuances effected at by the Parent, the Borrower or any time of their respective Subsidiaries after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person other than the Parent Guarantor or any Subsidiary2016.
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time be less than the sum of (i) $959,835,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after December March 31, 2016 2018 by the Parent Guarantor or any of its Subsidiaries to any Person other than the Parent Guarantor or any Subsidiary.
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 350,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person Subsidiary after the Agreement Date (other than Equity Issuances to the Parent Guarantor or any Subsidiary).
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time be less than the sum of (i) $959,835,000 458,667,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances effected at any time after December 31June 30, 2016 2011 by the Parent Guarantor or any of its Subsidiaries to any Person other than the Parent Guarantor or any SubsidiarySubsidiaries.
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time be less than the sum of (i) $959,835,000 263,353,000 plus (ii) 7585% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 2010 by the Parent Guarantor or any of its Subsidiaries to any Person other than the Parent Guarantor or any SubsidiarySubsidiaries.
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Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $959,835,000 350,000,000 plus (ii) 7575.0% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Parent Guarantor or any of its Subsidiaries to any Person Subsidiary after the Agreement Date (other than Equity Issuances to the Parent Guarantor or any Subsidiary).”
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