Common use of Minimum Equity Value Clause in Contracts

Minimum Equity Value. Permit, as of the last day of each fiscal quarter, the Combined Equity Value to be less than $850,000,000 (resetting upon the acquisition of a Managed REIT to the greater of (i) 75% of the Combined Equity Value calculated on a pro forma basis (giving effect to such acquisition) and (ii) the minimum Combined Equity Value as in effect immediately prior to such acquisition) plus an amount equal to 80% of the Fair Market Value of all Net Offering Proceeds received by the Company after the Closing Date. Table of Contents

Minimum Equity Value. Permit, as of the last day of each fiscal quarter, the Combined Equity Value to be less than $850,000,000 (resetting upon the acquisition of a Managed REIT to the greater of (i) 75% of the Combined Equity Value calculated on a pro forma basis (giving effect to such acquisition) and (ii) the minimum Combined Equity Value as in effect immediately prior to such acquisition) 1,632,000,000 plus an amount equal to 80% of the Fair Market Value of all Net Offering Proceeds received by the Company after the Closing Date. Table of ContentsMarch 31, 2013.

Minimum Equity Value. Permit, the Combined Equity Value as of the last day of each fiscal quarter, the Combined Equity Value quarter to be less than $850,000,000 3,903,650,000 (resetting upon the acquisition of a Managed REIT to the greater of (i) 75% of the Combined Equity Value calculated on a pro forma basis (giving effect to such acquisition) and (ii) the minimum Combined Equity Value as in effect immediately prior to such acquisition) plus an amount equal to 8075% of the Fair Market Value of all Net Offering Proceeds received by the Company after the Closing Date. Table of Contents.

Minimum Equity Value. Permit, as of the last day of each fiscal quarter, the Combined Equity Value to be less than $850,000,000 (resetting upon the acquisition of a Managed REIT to the greater of (i) 75% of the Combined Equity Value calculated on a pro forma basis (giving effect to such acquisition) and (ii) the minimum Combined Equity Value as in effect immediately prior to such acquisition) plus an amount equal to 80% of the Fair Market Value of all Net Offering Proceeds received by the Company after the Closing Date. Table of Contents.

Minimum Equity Value. Permit, the Combined Equity Value as of the last day of each fiscal quarter, the Combined Equity Value quarter to be less than $850,000,000 (resetting upon the acquisition of a Managed REIT to the greater of (i) 75% of the Combined Equity Value calculated on a pro forma basis (giving effect to such acquisition) and (ii) the minimum Combined Equity Value as in effect immediately prior to such acquisition) plus an amount equal to 80% of the Fair Market Value of all Net Offering Proceeds received by the Company after the Closing Date. Table of Contents1,750,000,000.