Common use of Minimum Combined Equity Value Clause in Contracts

Minimum Combined Equity Value. The Combined Equity Value shall ----------------------------- at no time be less than the sum of (i) $2,000,000,000, plus (ii) an amount equal to seventy-five percent (75%) of the aggregate net proceeds received by the Credit Party or the Company in connection with any offering or issuance after the date of this Agreement of equity Securities (including, without limitation, common stock, preferred stock, partnership interests and membership interests) representing interests in the Credit Party, or the Company or any of their respective Subsidiaries.

Appears in 1 contract

Sources: Revolving Credit Agreement (General Growth Properties Inc)

Minimum Combined Equity Value. The Combined Equity Value shall ----------------------------- at no time be less than the sum of (i) $2,000,000,000, plus (ii) an amount equal to seventy-five percent (75%) of the aggregate net proceeds received by the Credit Party Borrower or the Company GGP, Inc. in connection with any offering or issuance after the date of this Agreement of equity Securities (including, without limitation, common stock, preferred stock, partnership interests and membership interests) representing interests in the Credit PartyBorrower, or the Company GGP, Inc. or any of their respective Subsidiaries.

Appears in 1 contract

Sources: Term Loan Agreement (General Growth Properties Inc)

Minimum Combined Equity Value. The Combined Equity Value shall ----------------------------- at no time be less than the sum of (i) $2,000,000,000, 3,000,000,000 plus (ii) an amount equal to seventy-five percent (75%) of the aggregate net proceeds received by the Credit Party Borrower or the Company GGP, Inc. in connection with any offering or issuance after the date of this Agreement of equity Securities (including, without limitation, common stock, preferred stock, stock partnership interests and membership interests) representing interests in the Credit PartyBorrower, or the Company GGP, Inc. or any of their respective Subsidiaries.

Appears in 1 contract

Sources: Revolving and Term Credit Agreement (General Growth Properties Inc)

Minimum Combined Equity Value. The Combined Equity Value shall ----------------------------- at no time be less than the sum of (i) $2,000,000,000, plus (ii) an amount equal to seventy-five percent (75%) of the aggregate net proceeds received by the Credit Party Borrower or the Company GGP, Inc. in connection with any offering or issuance after the date of this Agreement of equity Securities (including, without limitation, common stock, preferred stock, stock partnership interests and membership interests) representing interests in the Credit PartyBorrower, or the Company GGP, Inc. or any of their respective Subsidiaries.

Appears in 1 contract

Sources: Revolving Credit Agreement (General Growth Properties Inc)

Minimum Combined Equity Value. The Combined Equity Value shall ----------------------------- at no time be less than the sum of (i) $2,000,000,0002,250,000,000, plus (ii) an amount equal to seventy-five percent (75%) of the aggregate net proceeds received by the Credit Loan Party or the Company GGP, Inc. in connection with any offering or issuance after the date of this Agreement of equity Securities (including, without limitation, common stock, preferred stock, stock partnership interests and membership interests) representing interests in the Credit Loan Party, or the Company GGP, Inc. or any of their respective Subsidiaries.

Appears in 1 contract

Sources: Term Credit Agreement (General Growth Properties Inc)