Minimum Equity Value. The Borrower shall maintain at all times an Equity Value of not less than (y) U.S.$848,843,903, plus (z) 70% of the net proceeds of all offerings of Equity Interests in the Borrower after the Closing Date (excluding, however, any such net proceeds to the extent the same shall have been applied to repurchases of any Equity Interests in the Borrower).
Appears in 2 contracts
Sources: Sustainability Linked Revolving Credit Agreement (Vesta Real Estate Corporation, S.A.B. De C.V.), Sustainability Linked Revolving Credit Agreement (Vesta Real Estate Corporation, S.A.B. De C.V.)
Minimum Equity Value. The Borrower shall maintain at all times an Equity Value of not less than (y) U.S.$848,843,903U.S.$1,254,273,724, plus (z) 70% of the net proceeds of all offerings of Equity Interests in the Borrower after the Closing Date (excluding, however, any such net proceeds to the extent the same shall have been applied to repurchases of any Equity Interests in the Borrower).. [Signature Page to Credit Agreement]
Appears in 1 contract
Sources: Credit Agreement (Vesta Real Estate Corporation, S.A.B. De C.V.)