Shareholders’ Equity. Permit Shareholders' Equity at any time to be less than the sum of (a) $445,900,000, plus (b) an amount equal to seventy percent (70.0%) of the amount of proceeds (net of transaction costs) received by the Borrower or any wholly-owned Consolidated Entity (other than (i) issuances to the Borrower or a wholly-owned Consolidated Entity or (ii) issuances the proceeds of which are used to refinance an existing equity issue) from the issuance of shares of capital stock, warrants, options or other equity securities of any class or character following September 30, 2005.
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Samples: Construction Facility Credit Agreement (Cousins Properties Inc), Credit Agreement (Cousins Properties Inc)
Shareholders’ Equity. Permit Shareholders' ’ Equity at any time to be less than the sum of (a) $445,900,000421,906,100, plus (b) an amount equal to seventy percent (70.0%) of the amount of proceeds (net of transaction costs) received by the Borrower or any wholly-owned Consolidated Entity (other than (i) issuances to the Borrower or a wholly-owned Consolidated Entity or (ii) issuances the proceeds of which are used to refinance an existing equity issue) from the issuance of shares of capital stock, warrants, options or other equity securities of any class or character following September June 30, 20052007.
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Shareholders’ Equity. Permit Shareholders' ’ Equity at any time to be less than the sum of (a) $445,900,000556,000,000.00, plus (b) an amount equal to seventy percent (70.0%) of the amount of proceeds (net of transaction costs) received by the Borrower or any wholly-owned Consolidated Entity (other than (i) issuances to the Borrower or a wholly-owned Consolidated Entity or (ii) issuances the proceeds of which are used to refinance an existing equity issue) from the issuance of shares of capital stock, warrants, options or other equity securities of any class or character following September 30, 20052009.
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