Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 plus (ii) 85.0% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary).
Appears in 3 contracts
Sources: Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,500,000,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)) after the Agreement Date.
Appears in 3 contracts
Sources: Credit Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust), Interim Loan Agreement (Hospitality Properties Trust)
Minimum Tangible Net Worth. Permit Tangible Net Worth at any time to be less than (i) $1,350,000,000 2,300,000,000.00 plus (ii) 85.050% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement Date by the Parent, Borrower or any Subsidiary after June 30, 2009 (Subsidiaries to any Person other than Equity Issuances to the Borrower Parent or any Subsidiary)of its Subsidiaries. This shall be measured quarterly.
Appears in 3 contracts
Sources: Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc)
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $1,350,000,000 959,835,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2016 by the Borrower Parent Guarantor or any Subsidiary after June 30, 2009 (of its Subsidiaries to any Person other than Equity Issuances to the Borrower Parent Guarantor or any Subsidiary).
Appears in 3 contracts
Sources: Term Loan Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust), Term Loan Agreement (Chesapeake Lodging Trust)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 821,211,200 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary Parent and its Subsidiaries after June 30, 2009 2010 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).
Appears in 3 contracts
Sources: Credit Agreement (CubeSmart, L.P.), Term Loan Agreement (U-Store-It Trust), Credit Agreement (U-Store-It Trust)
Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $1,350,000,000 plus 283,622,250, and (ii) 85.0% an amount equal to seventy‑five percent (75%) of the Net Proceeds of all Equity Issuances effected net equity proceeds received by the Borrower or any Subsidiary Parent after June 30March 31, 2009 2014 (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Interests of Parent or Borrower or any Subsidiarypermitted hereunder).
Appears in 2 contracts
Sources: Credit Agreement (Rexford Industrial Realty, Inc.), Credit Agreement (Rexford Industrial Realty, Inc.)
Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $1,350,000,000 plus 760,740,750, and (ii) 85.0% an amount equal to seventy‑five percent (75%) of the Net Proceeds of all Equity Issuances effected net equity proceeds received by the Borrower or any Subsidiary Parent after June September 30, 2009 2016 (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Interests of Parent or Borrower or any Subsidiarypermitted hereunder).
Appears in 2 contracts
Sources: Credit Agreement (Rexford Industrial Realty, Inc.), Credit Agreement (Rexford Industrial Realty, Inc.)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than the sum of (i) $1,350,000,000 240,998,541 plus (ii) 85.0% an amount equal to seventy-five percent (75%) of the Net Proceeds of all Equity Issuances effected net equity proceeds received by the Borrower or any Subsidiary Parent after June 30March 31, 2009 2014 (other than Equity Issuances to the Borrower or proceeds received in connection with any Subsidiarydividend reinvestment program).
Appears in 2 contracts
Sources: Term Loan Agreement (Agree Realty Corp), Revolving Credit and Term Loan Agreement (Agree Realty Corp)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 300,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Agreement Date (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 2 contracts
Sources: Credit Agreement (Kite Realty Group Trust), Credit Agreement (Kite Realty Group Trust)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 500,000,000 plus (ii) 85.075% of the Net Tangible Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary Parent and its Subsidiaries after June September 30, 2009 2006 (other than Equity Issuances to the Parent, the Borrower or any Subsidiary).
Appears in 2 contracts
Sources: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)
Minimum Tangible Net Worth. Permit Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,140,494,000.00 plus (ii) 85.050% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement Date by the Parent, Borrower or any Subsidiary after June 30, 2009 (Subsidiaries to any Person other than Equity Issuances to the Borrower Parent or any Subsidiary)of its Subsidiaries.
Appears in 2 contracts
Sources: Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than the sum of (i) $ $1,350,000,000 480,986,250 plus (ii) 85.0% an amount equal to seventy-five percent (75%) of the Net Proceeds of all Equity Issuances effected net equity proceeds received by the Borrower or any Subsidiary Parent after June September 30, 2009 2016 (other than Equity Issuances to the Borrower or proceeds received in connection with any Subsidiarydividend reinvestment program).
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Agree Realty Corp), Term Loan Agreement (Agree Realty Corp)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 300,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the effective date of the Line of Credit Agreement (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 2 contracts
Sources: Term Loan Agreement (Kite Realty Group Trust), Term Loan Agreement (Kite Realty Group Trust)
Minimum Tangible Net Worth. Permit Tangible Net Worth at any time to be less than (i) $1,350,000,000 2,552,775,000.00 plus (ii) 85.050% of the Net Proceeds of all Equity Issuances effected affected at any time after the Agreement Date by the Parent, Borrower or any Subsidiary after June 30, 2009 (Subsidiaries to any Person other than Equity Issuances to the Borrower Parent or any Subsidiary)of its Subsidiaries. This shall be measured quarterly.
Appears in 2 contracts
Sources: Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc)
Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $1,350,000,000 plus 2,061,865,500, and (ii) 85.0% an amount equal to seventy-five percent (75%) of the Net Proceeds of all Equity Issuances effected net equity proceeds received by the Borrower or any Subsidiary Parent after June September 30, 2009 2019 (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Interests of Parent or Borrower or any Subsidiarypermitted hereunder).
Appears in 2 contracts
Sources: Credit Agreement (Rexford Industrial Realty, Inc.), Credit Agreement (Rexford Industrial Realty, Inc.)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,000,000,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)) after the Agreement Date.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than (i) $1,350,000,000 458,667,000 plus (ii) 85.085% of the Net Proceeds of all Equity Issuances effected by the Borrower or at any Subsidiary time after June 30, 2009 (other than Equity Issuances to 2011 by the Borrower Parent Guarantor or any Subsidiary)of its Subsidiaries.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 600,000,000 plus (ii) 85.085% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary of its Subsidiaries at any time after June 30December 31, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)1998.
Appears in 1 contract
Sources: Credit Agreement (CNL American Properties Fund Inc)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 170,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Agreement Date (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 325,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Agreement Date (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,400,000,000.00 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Agreement Date (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 350,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Agreement Date (other than Equity Issuances to the Borrower Parent or any Subsidiary).”
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,250,000,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)) after the Agreement Date.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 827,029,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary Parent and its Subsidiaries after June September 30, 2009 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).
Appears in 1 contract
Sources: Credit Agreement (U-Store-It Trust)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,250,000,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)) after the Agreement Date.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,400,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Agreement Date (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $1,350,000,000 844,576,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2014 by the Borrower Parent Guarantor or any Subsidiary after June 30, 2009 (of its Subsidiaries to any Person other than Equity Issuances to the Borrower Parent Guarantor or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,400,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30July 1, 2009 2014 (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,150,000,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)) after the Agreement Date.
Appears in 1 contract
Minimum Tangible Net Worth. The Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,911,227,000 plus (ii) 85.0% eighty-five percent (85.00%) of the Net Proceeds of all Equity Issuances effected by the Parent, the Borrower or any Subsidiary of their respective Subsidiaries after June 30December 31, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)2016.
Appears in 1 contract
Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $1,350,000,000 plus 259,627,875.00, and (ii) 85.0% an amount equal to seventy-five percent (75%) of the Net Proceeds of all Equity Issuances effected net equity proceeds received by Parent after the Borrower or any Subsidiary after June 30, 2009 Closing Date (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Interests of Parent or Borrower or any Subsidiarypermitted hereunder).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 plus (ii) 85.080.0% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary).
Appears in 1 contract
Sources: Credit Agreement (National Retail Properties, Inc.)
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than the sum of (i) $1,350,000,000 959,835,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2018 by the Borrower Parent Guarantor or any Subsidiary after June 30, 2009 (of its Subsidiaries to any Person other than Equity Issuances to the Borrower Parent Guarantor or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 140,000,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 2005 (other than Equity Issuances to the Borrower or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 915,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Effective Date (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 350,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Agreement Date (other than Equity Issuances to the Borrower Parent or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 900,000,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)) after the Agreement Date.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than the sum of (i) $1,350,000,000 480,986,250 plus (ii) 85.0% an amount equal to seventy-five percent (75%) of the Net Proceeds of all Equity Issuances effected net equity proceeds received by the Borrower or any Subsidiary Parent after June September 30, 2009 2016 (other than Equity Issuances to the Borrower or proceeds received in connection with any Subsidiarydividend reinvestment program).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than (i) $1,350,000,000 263,353,000 plus (ii) 85.085% of the Net Proceeds of all Equity Issuances effected at any time after December 31, 2010 by the Borrower Parent Guarantor or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)of its Subsidiaries.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 98,000,000102,930,757 , plus (ii) 85.0% eighty-five percent (85%) of the Net Proceeds of all Equity Issuances effected (including capital calls) by the Borrower Parent Guarantor or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiaryafter the 2023 First Amendment Effective Date (with compliance certified as of the last day of each fiscal quarter for the Reference Period then ended in a Compliance Certificate delivered pursuant to Section 9.3 and at each other date of determination).
Appears in 1 contract
Sources: Credit Agreement (HC Government Realty Trust, Inc.)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 715,000,000 plus (ii) 85.0% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June September 30, 2009 2005 (other than Equity Issuances to the Borrower or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 673,234,400 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary Parent and its Subsidiaries after June September 30, 2009 2006 (other than Equity Issuances to the Parent, the Borrower or any other Subsidiary).
Appears in 1 contract
Sources: Credit Agreement (U-Store-It Trust)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 50,266,761, plus (ii) 85.0% eighty-five percent (85%) of the Net Proceeds of all Equity Issuances effected (including capital calls) by the Borrower Parent Guarantor or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiaryafter the Effective Date (with compliance certified as of the last day of each fiscal quarter for the Reference Period then ended in a Compliance Certificate delivered pursuant to Section 9.3 and at each other date of determination).
Appears in 1 contract
Sources: Credit Agreement (HC Government Realty Trust, Inc.)
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 325,000,000 plus (ii) 85.075.0% of the Net Proceeds of all Equity Issuances effected by the Borrower Parent or any Subsidiary after June 30, 2009 the Agreement Date (other than (x) Equity Issuances to the Borrower Parent or any SubsidiarySubsidiary and (y) the approximately $32,500,000 issuance of Preferred Equity Interests of Parent made pursuant to the Parent’s prospectus supplement dated March 7, 2012).
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than (i) $1,350,000,000 143,966,000 plus (ii) 85.085% of the Net Proceeds of all Equity Issuances effected at any time after March 31, 2010 by the Borrower Parent Guarantor or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)of its Subsidiaries.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 490,000,000 plus (ii) 85.0% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30December 31, 2009 2002 (other than Equity Issuances to the Borrower or any Subsidiary).
Appears in 1 contract
Minimum Tangible Net Worth. Permit Tangible Net Worth Worth, at any time time, to be less than the sum of (i) $1,350,000,000 plus 760,740,750, and (ii) 85.0% an amount equal to seventy-five percent (75%) of the Net Proceeds of all Equity Issuances effected net equity proceeds received by the Borrower or any Subsidiary Parent after June September 30, 2009 2016 (other than any such proceeds that are received within ninety (90) days before or after any redemption of Equity Issuances to the Interests of Parent or Borrower or any Subsidiarypermitted hereunder).
Appears in 1 contract
Minimum Tangible Net Worth. Permit Tangible Net Worth at any time to be less than (i) $1,350,000,000 1,600,000,000.00 plus (ii) 85.050% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement Date by the Parent, Borrower or any Subsidiary after June 30, 2009 (Subsidiaries to any Person other than Equity Issuances to the Borrower Parent or any Subsidiary)of its Subsidiaries.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth at any time to be less than (i) $1,350,000,000 700,000,000 plus (ii) 85.075% of the Net Proceeds of all Equity Issuances effected by the Borrower or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)) after the Agreement Date.
Appears in 1 contract
Minimum Tangible Net Worth. Tangible Net Worth shall not at any time to be less than (i) $1,350,000,000 673,871,000 plus (ii) 85.085% of the Net Proceeds of all Equity Issuances effected at any time after September 30, 2012 by the Borrower Parent Guarantor or any Subsidiary after June 30, 2009 (other than Equity Issuances to the Borrower or any Subsidiary)of its Subsidiaries.
Appears in 1 contract