Combined Tangible Net Worth. The Company shall maintain a Combined Tangible Net Worth at all times of at least ONE BILLION EIGHTY MILLION AND NO/100 DOLLARS ($1,080,000,000.00) plus seventy-five percent (75%) of the net amount received by the Company from the sale of equity securities, the exercise of warrants and the conversion of debentures to equity after the Closing Date plus seventy-five percent (75%) of any increase in the Company's Combined Tangible Net Worth resulting from the Santa ▇▇▇▇▇ Merger.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Meditrust Corp), Revolving Credit Agreement (Meditrust Corp)