Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date plus (ii) 80.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 6 contracts
Sources: Credit Agreement (Triangle Capital CORP), Credit Agreement (Triangle Capital CORP), Credit Agreement (HMS Income Fund, Inc.)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $555,000,000 plus (ii) 80.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 3 contracts
Sources: Credit Agreement (Main Street Capital CORP), Credit Agreement (Main Street Capital CORP), Credit Agreement (Main Street Capital CORP)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not will at no time be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $86,000,000 plus (ii) 80.075% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received during any period after the Closing DateSeptember 30, 2004, calculated quarterly at the end of each Fiscal Quarterquarterly.
Appears in 2 contracts
Sources: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $400,000,000 plus (ii) 80.050.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Sources: Credit Agreement (Triangle Capital CORP), Credit Agreement (Triangle Capital CORP)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not at no time be less than the sum of (i) 80.090% of the Consolidated Tangible Net Worth on the Closing Date June 30, 2008 plus (ii) 80.0100% of the cumulative Net Proceeds of Capital SecuritiesStock/Conversion of Debt received during any period after the Closing DateJune 30, 2008, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Sources: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not at no time be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $800,000,000, plus (ii) 80.0100% of the cumulative Net Proceeds of Capital SecuritiesStock/Conversion of Debt received during any period after the Closing DateJune 30, 2008, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Sources: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not at no time be less than the sum of (i) 80.095% of the Consolidated Tangible Net Worth on the Closing Date June 30, 2008 plus (ii) 80.0100% of the cumulative Net Proceeds of Capital SecuritiesStock/Conversion of Debt received during any period after the Closing DateJune 30, 2008, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Sources: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not at no time be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $900,000,000, plus (ii) 80.0100% of the cumulative Net Proceeds of Capital SecuritiesStock/Conversion of Debt received during any period after the Closing DateJune 30, 2008, calculated quarterly at the end of each Fiscal Quarter.
Appears in 2 contracts
Sources: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $555,000,000 plus (ii) 80.035.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing DateSeptember 27, 2013, calculated quarterly at the end of each Fiscal Quarter.
Appears in 1 contract
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not will at no time be less than the sum of (i) 80.0$100,000,000, 60% of Consolidated Net Income for each fiscal quarter beginning with the second fiscal quarter of 1998 which has ended at or before such time for which Consolidated Net Income is positive and 75% of the Consolidated Tangible Net Worth on net cash proceeds of all issuances by the Closing Date plus (ii) 80.0% Company of the cumulative Net Proceeds shares of Capital Securities/Conversion of Debt received its capital stock after the Closing Date, calculated quarterly Effective Date and at the end of each Fiscal Quarteror before such time.
Appears in 1 contract
Sources: Credit Agreement (Timberland Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not will at no time be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $175,000,000 plus (ii) 80.0100% of the cumulative Net Proceeds of Capital SecuritiesStock/Conversion of Debt received during any period after the Closing DateFiscal Year ended November 30, 2002, calculated quarterly at the end of each Fiscal Quarterquarterly.
Appears in 1 contract
Sources: Credit Agreement (Bassett Furniture Industries Inc)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $555,000,000 plus (ii) 80.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing DateSeptember 27, 2013, calculated quarterly at the end of each Fiscal Quarter.
Appears in 1 contract
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date plus (ii) 80.085.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing Date, calculated quarterly at the end of each Fiscal Quarter.
Appears in 1 contract
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $950,000,0001,135,000,000 plus (ii) 80.035.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing DateThird Amendment Effective DateMarch 31, 2024, calculated quarterly at the end of each Fiscal Quarter.
Appears in 1 contract
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth shall not be less than the sum of (i) 80.0% of the Consolidated Tangible Net Worth on the Closing Date $555,000,000 plus (ii) 80.080.035.0% of the cumulative Net Proceeds of Capital Securities/Conversion of Debt received after the Closing DateSeptember 27, 2013, calculated quarterly at the end of each Fiscal Quarter.
Appears in 1 contract