Aggregate Debt Test. The Parent will not, and will not permit any of its Subsidiaries to, incur any Debt if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds of such additional Debt on a pro forma basis, the aggregate principal amount of all the Parent’s outstanding Debt and that of its Subsidiaries on a consolidated basis as determined in accordance with GAAP is greater than 65% of the sum of (without duplication):
Appears in 6 contracts
Samples: Fourth Supplemental Indenture (Invitation Homes Inc.), Supplemental Indenture (Invitation Homes Inc.), Supplemental Indenture (Invitation Homes Inc.)
Aggregate Debt Test. The Parent will not, and will not permit any of its Subsidiaries to, incur any Debt (including without limitation Acquired Debt) if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds of from such additional Debt on a pro forma basis, the aggregate principal amount of all the Parent’s outstanding Debt of the Parent and that of its Subsidiaries (determined on a consolidated basis as determined in accordance with GAAP GAAP) is greater than 6560% of the sum of the following (without duplication):
Appears in 1 contract
Samples: Indenture (Wells Real Estate Investment Trust Ii Inc)
