Common use of Minimum Consolidated Net Worth Clause in Contracts

Minimum Consolidated Net Worth. The Company shall maintain at all times Consolidated Net Worth equal to not less than the sum of (a) $2,674,000,000 plus (b) an amount equal to 25% of the Net Equity Proceeds received by the Company from the issuance and sale of Equity Interests of the Company, including the conversion of debt securities of the Company into Equity Interests after the first fiscal quarter after the Closing Date.

Appears in 3 contracts

Samples: Credit Agreement (CNO Financial Group, Inc.), Credit Agreement (CNO Financial Group, Inc.), Credit Agreement (CNO Financial Group, Inc.)

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Minimum Consolidated Net Worth. The Company shall maintain at all times Consolidated Net Worth equal of the Companies on a consolidated basis, as of any date, to not be less than the sum of (a) $2,674,000,000 2,500,000,000, plus (b) an amount equal to 25% seventy percent (70%) of the amount of Net Proceeds of any Equity Proceeds received Issuances by the Borrower or any other Company from the issuance and sale of (except for Equity Interests of the Issuance to any other Company, including the conversion of debt securities of the Company into Equity Interests after the first fiscal quarter after ) subsequent to the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Prologis Trust), Term Loan Credit Agreement (Prologis Trust)

Minimum Consolidated Net Worth. The Company shall maintain at all times Consolidated Net Worth equal (without giving effect to any adjustments made in accordance with GAAP with respect to currency translations) at the end of each fiscal quarter of not less than $98,279,000, plus an amount equal to the sum of (a) $2,674,000,000 50% of positive Consolidated Net Income for each full fiscal quarter since September 30, 1998 to the measurement date plus (b) an amount equal to 25% of the Net Equity Proceeds net proceeds received by the Company from the issuance and sale of Equity Interests of the Company, including the conversion of debt securities of the Company into Equity Interests after the first fiscal quarter after the Closing Dateits capital stock during such period.

Appears in 2 contracts

Samples: Credit Agreement (Macdermid Inc), Multicurrency Credit Agreement (Macdermid Inc)

Minimum Consolidated Net Worth. The Company shall maintain at all times Consolidated Net Worth equal to not less than the sum of (a) $2,674,000,000 plus (b) an amount equal to 2550% of the Net Equity Proceeds received by the Company from the issuance and sale of Equity Interests of the Company, including the conversion of debt securities of the Company into Equity Interests after the first fiscal quarter after the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (CNO Financial Group, Inc.), Credit Agreement (CNO Financial Group, Inc.)

Minimum Consolidated Net Worth. The Company shall maintain Maintain at all times a Consolidated Net Worth equal to of not less than the sum of (a) $2,674,000,000 an amount equal to 85% of Consolidated Net Worth as of the Closing Date (after giving effect to the consummation of the IPO) plus (b) an amount equal to 2575% of the Net Equity Cash Proceeds received by the Company from the issuance and sale of all issuances or sales of Equity Interests of the Company, including the conversion Parent Guarantor or any of debt securities of the Company into Equity Interests after the first fiscal quarter its Subsidiaries consummated after the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Inc)

Minimum Consolidated Net Worth. The Company shall maintain have at all times and measured as of the end of each fiscal quarter, a Consolidated Net Worth equal to not less or greater than the sum of greater of: (ai) $2,674,000,000 plus 2,500,000,000 and (bii) an amount equal to 25% the minimum level of the Consolidated Net Equity Proceeds received by Worth (or comparable term however defined) that the Company from the issuance and sale of Equity Interests of is then required to maintain under the Company, including the conversion ’s Primary Bank Facility without causing a default or event of debt securities of the Company into Equity Interests after the first fiscal quarter after the Closing Datedefault thereunder.”

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (CHS Inc)

Minimum Consolidated Net Worth. The Company shall maintain Maintain at all times a Consolidated Net Worth equal to of not less than the sum of (ai) $2,674,000,000 833,000,000 plus (bii) an amount equal to 2580% of the Net Equity Cash Proceeds received by the Company from the issuance and sale of all issuances or sales of Equity Interests of the Company, including the conversion Parent Guarantor or any of debt securities of the Company into Equity Interests after the first fiscal quarter its Subsidiaries consummated after the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Inc)

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Minimum Consolidated Net Worth. The Company shall maintain Maintain at all times a Consolidated Net Worth equal to of not less than the sum of (ai) $2,674,000,000 1,000,000,000 plus (bii) an amount equal to 2580% of the Net Equity Cash Proceeds received by the Company from the issuance and sale of all issuances or sales of Equity Interests of the Company, including the conversion Parent Guarantor or any of debt securities of the Company into Equity Interests after the first fiscal quarter its Subsidiaries consummated after the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Inc)

Minimum Consolidated Net Worth. The Company shall maintain a Consolidated Net Worth at all times Consolidated Net Worth equal to not less than the sum of (a) at least $2,674,000,000 plus (b) an amount equal to 2550,439,000; provided that such minimum requirement shall be increased by 100% of the Net Equity Proceeds net proceeds received by the Company from the following any issuance and sale of Equity Interests of the Company, including the conversion of debt securities of the equity by Company into Equity Interests after the first fiscal quarter after the Closing Dateor any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Volt Information Sciences, Inc.)

Minimum Consolidated Net Worth. The Company shall maintain Maintain at all times a Consolidated Net Worth equal to of not less than the sum of (ai) $2,674,000,000 250,000,000 plus (bii) an amount equal to 2575% of the Net Equity Cash Proceeds received by the Company from the issuance and sale of all issuances or sales of Equity Interests of the CompanyParent Guarantor or any of its Subsidiaries consummated after August 17, including the conversion of debt securities of the Company into Equity Interests after the first fiscal quarter after the Closing Date2006.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (American Campus Communities Inc)

Minimum Consolidated Net Worth. The As of the end of each quarter, the Company shall maintain at all times will have a Consolidated Net Worth equal to not less than the sum of (a) at least $2,674,000,000 12,000,000, plus (bi) an amount equal to 25100% of the Net Equity Cash Proceeds received by to the Company from the issuance and sale of Equity Interests Capital Stock, plus (ii) 75% of the Companynet income, including the conversion of debt securities of the Company into Equity Interests in each case on a cumulative basis on and after the first fiscal quarter after the Closing DateFebruary 1, 1998.

Appears in 1 contract

Samples: Indenture (Autobond Acceptance Corp)

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