Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after December 31, 2015 (other than Equity Issuances to the Parent, the Borrower or any Subsidiary).
Appears in 3 contracts
Sources: Term Loan Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co), Term Loan Agreement (DiamondRock Hospitality Co)
Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 821,211,200 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after December 31June 30, 2015 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. The Parent and the Borrower shall not permit Tangible Net Worth shall not at any time to be less than the sum of (i) $1,913,305,500 959,835,000 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries at any time after December 31, 2015 (2016 by the Parent Guarantor or any of its Subsidiaries to any Person other than Equity Issuances to the Parent, the Borrower Parent Guarantor or any 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. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 500,000,000 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after December 31September 30, 2015 2006 (other than Equity Issuances to the 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. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 827,029,000 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after December 31September 30, 2015 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. The Parent and the Borrower shall not permit Tangible Net Worth shall not at any time to be less than the sum of (i) $1,913,305,500 959,835,000 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected at any time after March 31, 2018 by the Parent and Guarantor or any of its Subsidiaries after December 31, 2015 (to any Person other than Equity Issuances to the Parent, the Borrower Parent Guarantor or any Subsidiary).
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth shall not at any time to be less than (i) $1,913,305,500 673,871,000 plus (ii) 7585% of the Net Tangible Proceeds of all Equity Issuances effected at any time after September 30, 2012 by the Parent and its Subsidiaries after December 31, 2015 (other than Equity Issuances to the Parent, the Borrower Guarantor or any Subsidiary)of its Subsidiaries.
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 1,400,000,000 plus (ii) 7575.0% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after December 31July 1, 2015 2014 (other than Equity Issuances to the Parent, the Borrower Parent or any Subsidiary).
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 325,000,000 plus (ii) 7575.0% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after December 31, 2015 the Agreement Date (other than (x) Equity Issuances to the Parent, the Borrower Parent 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. The Parent and the Borrower shall not permit Tangible Net Worth shall not at any time to be less than (i) $1,913,305,500 143,966,000 plus (ii) 7585% of the Net Tangible Proceeds of all Equity Issuances effected at any time after March 31, 2010 by the Parent and its Subsidiaries after December 31, 2015 (other than Equity Issuances to the Parent, the Borrower Guarantor or any Subsidiary)of its Subsidiaries.
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth shall not at any time to be less than the sum of (i) $1,913,305,500 844,576,000 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries at any time after December 31, 2015 (2014 by the Parent Guarantor or any of its Subsidiaries to any Person other than Equity Issuances to the Parent, the Borrower Parent Guarantor or any Subsidiary).
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 350,000,000 plus (ii) 7575.0% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after December 31, 2015 the Agreement Date (other than Equity Issuances to the Parent, the Borrower Parent or any Subsidiary).”
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth shall not at any time to be less than (i) $1,913,305,500 263,353,000 plus (ii) 7585% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries at any time after December 31, 2015 (other than Equity Issuances to 2010 by the Parent, the Borrower Parent Guarantor or any Subsidiary)of its Subsidiaries.
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 915,000,000 plus (ii) 7575.0% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries or any Subsidiary after December 31, 2015 the Effective Date (other than Equity Issuances to the Parent, the Borrower Parent or any Subsidiary).
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 1,911,227,000 plus (ii) 75% eighty-five percent (85.00%) of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after December 31, 2015 (other than Equity Issuances to the Parent, the Borrower or any Subsidiary)of their respective Subsidiaries after December 31, 2016.
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth shall not at any time to be less than (i) $1,913,305,500 458,667,000 plus (ii) 7585% of the Net Tangible Proceeds of all Equity Issuances effected at any time after June 30, 2011 by the Parent and its Subsidiaries after December 31, 2015 (other than Equity Issuances to the Parent, the Borrower Guarantor or any Subsidiary)of its Subsidiaries.
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Minimum Tangible Net Worth. The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) $1,913,305,500 673,234,400 plus (ii) 75% of the Net Tangible Proceeds of all Equity Issuances effected by the Parent and its Subsidiaries after December 31September 30, 2015 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)