Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (aA) $1,149,979,129.00 plus (bB) an amount equal to 75% of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018.
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Sources: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not at any time to be less than the sum of (aAa) $1,149,979,129.00 100,000,000, plus (bBb) an amount equal to 75% of the net cash proceeds of all received by the Parent or a Subsidiary thereof from issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018the Closing Date.
Appears in 2 contracts
Sources: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (aAa) $1,149,979,129.00 228,728,000 plus (bBb) an amount equal to 7580% of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018the Closing Date.
Appears in 2 contracts
Sources: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (aAa) $1,149,979,129.00 588,588,750 plus (bBb) an amount equal to 75% of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018the Closing Date.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not at any time to be less than the sum of (aAa) $1,149,979,129.00 593,910,713, plus (bBb) an amount equal to 75% of the net cash proceeds of all received by the Parent or a Subsidiary thereof from issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30March 31, 20182025.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (aAa) $1,149,979,129.00 1,105,342,000 plus (bBb) an amount equal to 75% of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018the Closing Date .
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (aAa) $1,149,979,129.00 638,961,000 plus (bBb) an amount equal to 75% of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018the Closing Date.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (aAa) $1,149,979,129.00 1,149,979,129.00, plus (bBb) an amount equal to 75% of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (aAa) $1,149,979,129.00 524,697,000 plus (bBb) an amount equal to 75% of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018the Closing Date.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not at any time to be less than the sum of (aAa) $1,149,979,129.00 283,141,000, plus (bBb) an amount equal to 75% of the net cash proceeds of all received by the Parent or a Subsidiary thereof from issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 30, 2018the Closing Date.
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Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (aAa) $1,149,979,129.00 1,105,342,000 plus (bBb) an amount equal to 75% of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after September 3026, 20182017.
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