Common use of Consolidated Tangible Net Worth Clause in Contracts

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to be equal to or greater than the sum of (i) an amount equal to $350,000,000 plus (ii) an amount equal to 80% of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 17,942,505.34 plus (ii) an amount equal to 80% seventy-five percent (75%) of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on subsequent to the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedDate.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 401,689,500 plus (ii) an amount equal to 80% seventy-five percent (75%) of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on subsequent to the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedDate.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 1,152,404,250.00 plus (ii) an amount equal to 80% seventy-five percent (75%) of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on subsequent to the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedDate.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to be equal to or greater than the sum of (i) an amount equal to $350,000,000 645,068,800 plus (ii) an amount equal to 8075% of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on following the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to all at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 881,104,000 plus (ii) an amount equal to 80% seventy-five percent (75%) of the net cash proceeds received by the Consolidated Parties from Equity Transactions during subsequent to the period commencing on the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedSecond Amendment Effective Date.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 1,044,735,00 plus (ii) an amount equal to 80% seventy-five percent (75%) of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on subsequent to the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedDate.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to be equal to or greater than the sum of (i) an amount equal to $350,000,000 342,000,000 plus (ii) an amount equal to 80% of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on following the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 1,073,579,000 plus (ii) an amount equal to 8075% of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedafter September 30, 2021.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to be equal to or greater than the sum of (i) an amount equal to $350,000,000 245,000,000 plus (ii) an amount equal to 8085% of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on following the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 1,700,417,000 plus (ii) an amount equal to 8075% of the net cash proceeds received by the Consolidated Parties (other than the Trilogy Subsidiaries) from Equity Transactions during the period commencing on the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedafter December 31, 2023.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to be equal to or greater than the sum of (i) an amount equal to $350,000,000 $ 946,897,000 plus (ii) an amount equal to 8075% of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on following the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to all at all times to be equal to or greater than the sum of (i) an amount equal to Three Hundred Million Dollars ($350,000,000 300,000,000) plus (ii) an amount equal to eighty percent (80% %) of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on subsequent to the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedDate.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 1,152,404,250.00554,000,000.00 plus (ii) an amount equal to 80% seventy-five percent (75%) of the net cash proceeds received by the Consolidated Parties (other than the Trilogy Subsidiaries) from Equity Transactions during subsequent to the period commencing on the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedClosingFirst Amendment Effective Date.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to be equal to or greater than the sum of (i) an amount equal to $350,000,000 452,672,800 plus (ii) an amount equal to 8075% of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on following the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter to be equal to or greater than the sum of (i) an amount equal to $350,000,000 539,185,728 plus (ii) an amount equal to 8075% of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) April 1, 2014 and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Consolidated Tangible Net Worth. The Credit Parties shall cause the Consolidated Tangible Net Worth as of the end of each fiscal quarter at all times to be equal to or greater than the sum of (i) an amount equal to $350,000,000 [80% of Tangible Net Worth on the Closing Date][TBD] plus (ii) an amount equal to 80% seventy-five percent (75%) of the net cash proceeds received by the Consolidated Parties from Equity Transactions during the period commencing on subsequent to the Closing Date (including the net cash proceeds of the initial public offering of the REIT Guarantor) and ending as of the last day of the fiscal quarter for which such calculation is being performedDate.