Minimum Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth at any time to be less than the sum of # $664,751,000, plus # an amount equal to 75% of the net proceeds received by the Company from issuances and sales of Equity Interests of the Company occurring after June 30, 2021 (other than proceeds received within ninety (90) days before or after the redemption, retirement or repurchase of Equity Interests in the Company up to the amount paid by the Company in connection with such redemption, retirement or repurchase, in each case where, for the avoidance of doubt, the net effect is that the Company shall not have increased its net worth as a result of any such proceeds).

Minimum Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth at any time to be less than the sum of # $664,751,000, plus # an amount equal to 75% of the net proceeds received by the Company from issuances and sales of Equity Interests of the Company occurring after June 30, 2021 (other than proceeds received within ninety (90) days before or after the redemption, retirement or repurchase of Equity Interests in the Company up to the amount paid by the Company in connection with such redemption, retirement or repurchase, in each case where, for the avoidance of doubt, the net effect is that the Company shall not have increased its net worth as a result of any such proceeds).

Minimum Consolidated Tangible Net Worth. The Borrower will at all times maintain Consolidated Tangible Net Worth of not less than $1,006,420,800.

Minimum Consolidated Tangible Net Worth. Maintain at all times a Consolidated Tangible Net Worth of not less than the Minimum TNW.

Consolidated Tangible Net Worth. The Consolidated Group shall maintain, as of

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, as determined as of the end of each fiscal quarter of the Company, to be less than $515,286,000, plus an amount equal to 75% of the net proceeds received by the Company from issuances and sales of Equity Interests of the Company occurring after the last day of the fiscal quarter most recently ended prior to March 23, 2018 for which financial statements of the Company are publicly available (other than proceeds received within 90 days before or after the redemption, retirement or repurchase of Equity Interests in the Company up to the amount paid by the Company in connection with such redemption, retirement or repurchase, in each case where, for the avoidance of doubt, the net effect is that the Company shall not have increased its net worth as a result of any such proceeds).

Consolidated Tangible Net Worth. The Consolidated Group shall maintain, as of the last day of each fiscal quarter ending after the Agreement Effective Date based upon Borrower’s compliance certificate required by Section 6.1(d) hereof for such fiscal quarter, a Consolidated Tangible Net Worth of not less than $500,000,000 plus seventy five percent (75%) of net cash proceeds of all equity raises consummated after the Agreement Effective Date (other than any Dividend Reinvestment Proceeds) net of share repurchases and/or tender offers consummated after the Agreement Effective Date.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, as determined as of the end of each fiscal quarter of the Company, to be less than $515,286,000, plus an amount equal to 75% of the net proceeds received by the Company from issuances and sales of Equity Interests of the Company occurring after the last day of the fiscal quarter most recently ended prior to March 23, 2018 for which financial statements of the Company are publicly available (other than proceeds received within 90 days before or after the redemption, retirement or repurchase of Equity Interests in the Company up to the amount paid by the Company in connection with such redemption, retirement or repurchase, in each case where, for the avoidance of doubt, the net effect is that the Company shall not have increased its net worth as a result of any such proceeds).

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, as determined as of the end of each fiscal quarter of the Company, to be less than $515,286,000, plus an amount equal to 75% of the net proceeds received by the Company from issuances and sales of Equity Interests of the Company occurring after the last day of the fiscal quarter most recently ended prior to March 23, 2018 for which financial statements of the Company are publicly available (other than proceeds received within ninety (90) days before or after the redemption, retirement or repurchase of Equity Interests in the Company up to the amount paid by the Company in connection with such redemption, retirement or repurchase, in each case where, for the avoidance of doubt, the net effect is that the Company shall not have increased its net worth as a result of any such proceeds).

Consolidated Tangible Net Worth. The Borrower shall maintain Consolidated Tangible Net Worth of not less than $55,700,000 (subject to increase from time to time as set forth in the proviso below) as at the last day of each month, provided, that the minimum required Consolidated Tangible Net Worth under this Section 7.2 shall automatically increase on each date of delivery of financial statements pursuant to Section 5.1(a), by an amount equal to 25% of consolidated net income (to the extent positive) of the Borrower (calculated in accordance with GAAP) as reported in such financial statements.