Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (a) $1,566,239,512.00, plus (b) seventy-five percent (75%) of the Net Offering Proceeds of each Equity Offering after December 31, 2011.
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Samples: Term Loan Agreement (Mid America Apartment Communities Inc), Term Loan Agreement (Mid America Apartment Communities Inc)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $1,566,239,512.00750,000,000.00, plus (bii) seventy-five percent (75%) of the sum of (A) any additional Net Offering Proceeds after the date of each Equity Offering after December 31this Agreement, 2011plus (B) the value of interests in the Borrower or interests in REIT issued upon the contribution of assets to the Borrower or its Subsidiaries.
Appears in 2 contracts
Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Behringer Harvard Reit I Inc)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to of Borrower shall at no time be less than the sum of (ax) $1,566,239,512.00, plus 700,000,000 and (by) seventy-five percent (75%) 90% of the Net Offering Proceeds of each Equity Offering from and after December 31, 2011the date hereof.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Carramerica Realty Corp), Revolving Credit Agreement (Carramerica Realty Corp)
Minimum Consolidated Tangible Net Worth. The Borrower will shall not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (ai) $1,566,239,512.00, 671,852,800 plus (bii) seventy-five percent (75%) 80% of the Net Offering Proceeds of each all Equity Offering Issuances effected at any time after December March 31, 20112011 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.
Appears in 2 contracts
Samples: Credit Agreement (Washington Real Estate Investment Trust), Designation Agreement (Washington Real Estate Investment Trust)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit its Consolidated Tangible Net Worth to be less than the sum of (a) $1,566,239,512.00190,000,000, plus (b) seventy-five percent (75%) of the sum of (a) Net Offering Proceeds plus (b) the value of each Equity Offering after December 31, 2011units in the Borrower or shares in RPB issued upon the contribution of assets to Borrower or its Subsidiaries.
Appears in 2 contracts
Samples: Assignment and Acceptance Agreement (Republic Property Trust), Loan Agreement (Republic Property Trust)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (a) $1,566,239,512.001,517,500,000.00, plus (b) seventy-five percent (75%) of the Net Offering Proceeds of each Equity Offering after December 31September 30, 2011.
Appears in 1 contract
Samples: Credit Agreement (Mid America Apartment Communities Inc)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit its Consolidated Tangible Net Worth to be less than the sum of $215,000,000, plus eighty percent (80%) of the sum of (a) $1,566,239,512.00, Net Offering Proceeds plus (b) seventy-five percent the value of units in the Borrower or shares in Parent issued upon the contribution of assets to Borrower or its Subsidiaries plus (75%c) the amount of the Net Offering Proceeds any Trust Preferred Equity issued plus (d) proceeds from any convertible debt of each Equity Offering after December 31, 2011Borrower or any Guarantor.
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Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $1,566,239,512.001,000,000,000.00, plus (bii) seventy-five percent (75%) of the sum of (A) any additional Net Offering Proceeds after the date hereof, plus (B) the value of each Equity Offering after December 31, 2011interests in the Borrower or interests in REIT issued upon the contribution of assets to the Borrower or its Subsidiaries.
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Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (ai) $1,566,239,512.00150,000,000.00, plus (bii) seventy-five eighty percent (7580%) of the sum of (A) any additional Net Offering Proceeds after the date hereof, plus (B) the value of each Equity Offering after December 31, 2011interests in the Borrower or interests in REIT issued upon the contribution of assets to the Borrower or its Subsidiaries.
Appears in 1 contract
Samples: Credit Agreement (Pacific Office Properties Trust, Inc.)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit its Consolidated Tangible Net Worth to be less than the sum of (a) $1,566,239,512.0085,000,000, plus (b) seventy-five percent (75%) of the sum of (a) Net Offering Proceeds plus (b) the value of each units in the Borrower or shares in Parent issued upon the contribution of assets to Borrower or its Subsidiaries plus (c) the amount of any Trust Preferred Equity Offering after December 31, 2011issued plus (d) proceeds from any convertible debt of Borrower or any Guarantor.
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Samples: Secured Revolving Credit Agreement (Gladstone Commercial Corp)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (a) $1,566,239,512.00, plus 400,000,000 and (b) seventy-five percent (75%) an amount equal to 50% of the Net Offering Proceeds net proceeds generated by any and all issues of each Equity Offering after December equity by the Borrower since March 31, 20112003.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Municipal Mortgage & Equity LLC)
Minimum Consolidated Tangible Net Worth. The Borrower will shall not at any time permit the Consolidated Tangible Net Worth to be less than the sum of (ai) $1,566,239,512.00, 673,375,200 plus (bii) seventy-five percent (75%) 80% of the Net Offering Proceeds of each all Equity Offering Issuances effected at any time after December March 31, 20112012 by the Borrower or any of its Subsidiaries to any Person other than the Borrower or any of its Subsidiaries.
Appears in 1 contract
Samples: Amended And (Washington Real Estate Investment Trust)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit Borrower’s Consolidated Tangible Net Worth to be less than the sum of (ai) $1,566,239,512.001,300,000,000.00, plus (bii) seventy-five eighty percent (7580%) of the sum of (A) any Net Offering Proceeds after March 21, 2012, plus (B) the value of each Equity Offering interests in Borrower or interests in REIT issued upon the contribution of assets to Borrower or its Subsidiaries after December 31March 21, 20112012 (with such value determined at the time of contribution).
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Samples: Term Loan Agreement (Dupont Fabros Technology, Inc.)
Minimum Consolidated Tangible Net Worth. The Borrower will not at any time permit its Consolidated Tangible Net Worth to be less than the sum of $320,000,000, plus eighty percent (80%) of the sum of (a) $1,566,239,512.00, Net Offering Proceeds plus (b) seventy-five percent the value of units in the Borrower or shares in Parent issued upon the contribution of assets to Borrower or its Subsidiaries plus (75%c) the amount of the Net Offering Proceeds any Trust Preferred Equity issued plus (d) proceeds from any convertible debt of each Equity Offering after December 31, 2011Borrower or any Guarantor.
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