Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower after October 18, 2017.
Appears in 5 contracts
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 571,992,000, plus seventy-five percent (75%) % of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower after October 18September 30, 20172021.
Appears in 3 contracts
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. The Borrower shall maintain a Consolidated Tangible Net Worth equal to or in excess of not less than $661,752,000 500,000,000 plus seventy-five percent (75%a) 25% of the aggregate Borrower’s cumulative, positive consolidated net proceeds received by Borrower in connection with income for each fiscal quarter commencing on or after December 31, 2013 and (b) 50% of the value of the Equity Proceeds realized from any offering issuance of stock or other equity Equity Interest in the Borrower occurring on or after October 18December 31, 20172013.
Appears in 2 contracts
Sources: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 810,783,000 plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower after October 18, 2017the Closing Date.
Appears in 2 contracts
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. As of the last day of each Fiscal Quarter, the Borrower shall maintain a Tangible Net Worth equal to or in excess of not less than the sum of (a) $661,752,000 677,407,220 plus seventy-five percent (b) 75%) % of the aggregate net proceeds received by Borrower the Parent or any of its Subsidiaries after January 31, 2017 in connection with any offering of stock Stock or other equity in the Borrower after October 18, 2017Stock Equivalents.
Appears in 2 contracts
Sources: Credit Agreement (Investors Real Estate Trust), Credit Agreement (Investors Real Estate Trust)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 682,422,341 plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower after October 18, 2017the date of this First Amendment.
Appears in 2 contracts
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 810,783,000 plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in FSP after the Borrower after October 18, 2017Closing Date.
Appears in 1 contract
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall maintain a have Minimum Tangible Net Worth equal to or in excess of not less than the sum of $661,752,000 100,000,000.00 plus seventy-eighty five percent (7585%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower after October 18, 2017Net Equity Proceeds.
Appears in 1 contract
Sources: Revolving Loan Agreement (Columbia Equity Trust, Inc.)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 661,752,000571,992,000, plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower after October 18OctoberSeptember 1830, 201720172021.
Appears in 1 contract
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 640,000,000 plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in FSP after the Borrower after October 18, 2017Closing Date.
Appears in 1 contract
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 653,000,000 plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in FSP after the Borrower after October 18, 2017Closing Date.
Appears in 1 contract
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 810,783,000 plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower FSP after October 18June 30, 20172013.
Appears in 1 contract
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 571,992,000, plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower after October 18September 30, 20172021.
Appears in 1 contract
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall maintain a Tangible Net Worth equal to or in excess of $661,752,000 682,422,341 plus seventy-five percent (75%) of the aggregate net proceeds received by Borrower in connection with any offering of stock or other equity in the Borrower after October 18July 21, 20172016.
Appears in 1 contract
Sources: Credit Agreement (Franklin Street Properties Corp /Ma/)
Minimum Tangible Net Worth. Borrower shall will maintain a Tangible Net Worth equal to or in excess of not less than One Hundred Eighty-Five Million Dollars ($661,752,000 185,000,000) plus seventy-five ninety percent (7590%) of the aggregate net proceeds Net Offering Proceeds received by Borrower in connection with any offering of stock or other equity in after the Borrower after October 18, 2017Closing Date.
Appears in 1 contract