Common use of Consolidated Tangible Net Worth Clause in Contracts

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 plus (ii) an amount equal to 75% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014.

Appears in 5 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

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Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 3,374,567,000 plus (ii) an amount equal to 75% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014the Closing Date.

Appears in 3 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 1,074,867,000 plus (ii) an amount equal to 7585% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014the Closing Date.

Appears in 3 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower Borrowers shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 891,900,000 plus (ii) an amount equal to 75100% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March during the period commencing as of December 31, 20142009 and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower Borrowers shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 500,000,000 plus (ii) an amount equal to 75100% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014during the period commencing as of the Closing Date and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 891,900,000 plus (ii) an amount equal to 75100% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31during the period commencing as of April 1, 20142009 and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

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Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 1,351,053,000 plus (ii) an amount equal to 7585% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31June 30, 20142013.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower Borrowers shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 891,900,000 plus (ii) an amount equal to 75100% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31during the period commencing as of April 1, 20142009 and ending as of the last day of the fiscal quarter for which such calculation is being performed.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Consolidated Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be equal to or greater than the sum of (i) $1,644,768,000 1,232,137,000 plus (ii) an amount equal to 7585% of the net cash proceeds received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

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