Shareholders’ Equity. The Borrower will not permit the Shareholders' Equity to be less than the sum of (a) $350,000,000.00 plus (b) ninety percent (90%) of the net proceeds from any Equity Offering of the Borrower made after the Closing Date.
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Sources: Revolving Credit Agreement (Excel Realty Trust Inc), Revolving Credit Agreement (New Plan Excel Realty Trust Inc)
Shareholders’ Equity. The Borrower will not permit the Shareholders' Equity to be less than the sum of (a) $350,000,000.00 150,000,000.00 plus (b) ninety percent (90%) of the net proceeds from any Equity Offering of the Borrower made after the Closing Date.
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Shareholders’ Equity. The Borrower will not not, at the end of any fiscal quarter, permit the Shareholders' Shareholder's Equity to be less than the sum of (a) $350,000,000.00 240,000,000.00 plus (b) ninety percent (90%) of the net proceeds from any Equity Offering of the Borrower Storage Trust Guarantor made after the Closing Date.
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