Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to be less than (i) $1,015,000,000, plus (ii) 70% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008.
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Samples: Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to be less than (i) $1,015,000,000, plus (ii) 70% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 20082005.
Appears in 3 contracts
Samples: Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to will at no time be less than (i) $1,015,000,000, 86,000,000 plus (ii) 7075% of the cumulative Net Proceeds of Capital StockSecurities/Conversion of Debt received at during any time period after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September 30, 2008)2004, plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008calculated quarterly.
Appears in 2 contracts
Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to shall at no time be less than (i) $1,015,000,000800,000,000, plus (ii) 70100% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at during any time period after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September June 30, 2008), plus (iii) 30% calculated quarterly at the end of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008each Fiscal Quarter.
Appears in 2 contracts
Samples: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to be less than (i) $1,015,000,000, 1,800,000,000 plus (ii) 7075% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time after December 31, 2005 (other than excluding the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008by a Consolidated Subsidiary to a Consolidated Subsidiary or to Borrower).
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Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to will at no time be less than than: (a) (i) for each Fiscal Quarter ending in Fiscal Year 2008, $1,015,000,000152,000,000.00, plus and (ii) 70for each Fiscal Quarter ending in Fiscal Year 2009 or Fiscal Year 2010, $142,000,000.00; plus (b) 100% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at during any time period after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September Fiscal Year ended November 30, 2008)2007, plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008calculated quarterly.
Appears in 1 contract
Samples: Credit Agreement (Bassett Furniture Industries Inc)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to be less than (i) $1,015,000,000, 1,000,000,000 plus (ii) 7075% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time after December 31, 2005 (other than the period commencing on January September 1, 2008 and ending on September 30, 2008), plus 2004 (iii) 30% of excluding the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008by a Consolidated Subsidiary to a Consolidated Subsidiary or to Borrower).
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Minimum Consolidated Tangible Net Worth. The Consolidated Tangible Net Worth to will at no time be less than the sum of (i) $1,015,000,0002,500,000,000, plus (ii) 7075% of all Net Offering Proceeds, and (iii) in the case of convertible Debt in existence as of the Closing Date, upon conversion of any such Debt to an equity interest in the Borrower or MOC, 75% of the cumulative Net Proceeds principal amount of Capital Stock/Conversion of such Debt received at any time after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008so converted.
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Samples: Credit Agreement (Meditrust Corp)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to will at no time be less than than: (a) (i) for each Fiscal Quarter ending in Fiscal Year 2009, $1,015,000,00095,000,000.00, plus and (ii) 70for each Fiscal Quarter ending in Fiscal Year 2010, $90,000,000.00; plus (b) 100% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at during any time period after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September Fiscal Year ended November 30, 2008)2007, plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008calculated quarterly.
Appears in 1 contract
Samples: Credit Agreement (Bassett Furniture Industries Inc)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to be less than (i) $1,015,000,000, 975,000,000 plus (ii) 7060% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time after December 31, 2005 the Closing Date (other than excluding the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008by a Consolidated Subsidiary to a Consolidated Subsidiary or to Borrower).
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Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to will at no time be less than (i) $1,015,000,000, 175,000,000 plus (ii) 70100% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at during any time period after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September Fiscal Year ended November 30, 2008)2002, plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008calculated quarterly.
Appears in 1 contract
Samples: Credit Agreement (Bassett Furniture Industries Inc)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to shall not be less than the sum of (i) $1,015,000,000, 555,000,000 plus (ii) 7035.0% of the cumulative Net Proceeds of Capital StockSecurities/Conversion of Debt received after September 27, 2013, calculated quarterly at any time after December 31, 2005 (other than the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% end of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008each Fiscal Quarter.
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Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to be less than (i) $1,015,000,000, 930,000,000 plus (ii) 7075% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time after December 31March 25, 2005 2004 (other than excluding the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008by a Consolidated Subsidiary to a Consolidated Subsidiary or to Borrower).
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Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to be less than (i) $1,015,000,0001,725,000,000, plus (ii) 70% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time after December 31February 24, 2005 (other than the period commencing on January 1, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 20082010.
Appears in 1 contract
Samples: Credit Agreement (Capitalsource Inc)
Minimum Consolidated Tangible Net Worth. Consolidated Tangible Net Worth to will at no time be less than (i) $1,015,000,000, 47,217,170 plus (ii) 7050% of the cumulative Net Proceeds of Capital StockSecurities/Conversion of Debt received at during any time period after December 31, 2005 (other than the period commencing on January 12005, 2008 and ending on September 30, 2008), plus (iii) 30% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt received at any time during the period commencing on January 1, 2008 and ending on September 30, 2008calculated quarterly.
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