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 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) $821,211,200 300,000,000 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. 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. 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).
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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.
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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).
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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.
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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.
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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).
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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.
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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).
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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. 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).
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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.
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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).
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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).
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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).”
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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).
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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)