Minimum Tangible Net Worth. Borrower’s Tangible Net Worth, on a consolidated basis, shall not be less than $11,000,000.00 at the end of each calendar quarter commencing with the quarter ending June 30, 2022.

Minimum Tangible Net Worth. Permit Consolidated Tangible Net Worth at any time to be less than the sum of # $3,249,276,000 plus # an amount equal to 75% of the Net Cash Proceeds received by the Borrower from issuances and sales of Equity Interests of the Borrower occurring after the last day of the fiscal quarter most recently ended prior to the Closing Date for which Borrower’s financial statements are publicly available (other than any such Net Cash Proceeds received in connection with any customary dividend reinvestment program).

Minimum Tangible Net Worth. Tangible Net Worth as of the last day of each month, shall not be less than the Tangible Net Worth Requirement. As used herein:

Minimum Tangible Net Worth. Tangible Net Worth as of the last day of each month, shall not be less than the Tangible Net Worth Requirement. As used herein:

Minimum Tangible Net Worth. The Company will maintain as of the last day of each fiscal quarter, Tangible Net Worth of not less than $125,000,000.

Minimum Tangible Net Worth. Maintain at all times tangible net worth of the Parent Guarantor and its Subsidiaries, as determined in accordance with GAAP, of not less than the sum of $596,019,000995,094,617 plus an amount equal to 75% times the net cash proceeds of all issuances and primary sales of Equity Interests of the Parent Guarantor or the Borrower consummated following March 31, 20182021.

Minimum Tangible Net Worth. Permit Consolidated Tangible Net Worth at any time to be less than the sum of # $3,401,765,000 plus # an amount equal to 75% of the Net Cash Proceeds received by [[Apple Hospitality REIT:Organization]] from issuances and sales of Equity Interests of [[Apple Hospitality REIT:Organization]] occurring after March 31, 2022 (other than any such Net Cash Proceeds received in connection with any customary dividend reinvestment program).

Minimum Tangible Net Worth. The Company will maintain as of the last day of each fiscal quarter, Tangible Net Worth of not less than $125,000,000.

Minimum Tangible Net Worth. Permit Consolidated Tangible Net Worth at any time to be less than the sum of # $3,249,276,000 plus # an amount equal to 75% of the Net Cash Proceeds received by the Borrower from issuances and sales of Equity Interests of the Borrower occurring after the last day of the fiscal quarter most recently ended prior to the Closing Date for which Borrower’s financial statements are publicly available (other than any such Net Cash Proceeds received in connection with any customary dividend reinvestment program).

Minimum Tangible Net Worth. Guarantor shall maintain, on a consolidated basis, Tangible Net Worth, measured on a quarterly basis commencing on the quarter ending March 31, 2021, of not less than $175,000,000.00.