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.

Appears in 1 contract

Samples: Credit Agreement (W P Carey & Co LLC)

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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

Appears in 1 contract

Samples: Credit Agreement (W P Carey & Co LLC)

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 DateMarch 31, 2013.

Appears in 1 contract

Samples: Term Loan Credit Agreement (W. P. Carey Inc.)

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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.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

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