Consolidated Adjusted Tangible Net Worth. Consolidated Adjusted Tangible Net Worth of UDRT will not at any time be less than the sum of (i) $1,500,000,000 plus (ii) 90% of the net proceeds (after customary underwriting discounts and commissions and reasonable offering expenses) from Equity Transactions occurring after December 31, 1999.
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Samples: Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc)
Consolidated Adjusted Tangible Net Worth. Consolidated Adjusted ---------------------------------------- Tangible Net Worth of UDRT will not at any time be less than the sum of (i) $1,500,000,000 plus (ii) 90% of the net proceeds (after customary underwriting discounts and commissions and reasonable offering expenses) from Equity Transactions occurring after December 31, 1999.
Appears in 1 contract
Samples: Credit Facility Agreement (United Dominion Realty Trust Inc)
Consolidated Adjusted Tangible Net Worth. Consolidated Adjusted ---------------------------------------- Tangible Net Worth of UDRT will not at any time be less than the sum of (i) $1,500,000,000 plus (ii) 90% of the net proceeds (after customary underwriting ---- discounts and commissions and reasonable offering expenses) from Equity Transactions occurring after December 31, 1999.
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