Borrowing Base Availability. The amount which is the lowest of (i) fifty-five percent (55%) of the sum of the total cost of the Mortgaged Properties as determined in accordance with GAAP, (ii) the Borrowing Base Appraised Value Limit, and (iii) the Debt Service Coverage Amount. For the avoidance of doubt, Stonegate Center shall constitute only one (1) Mortgaged Property. Borrowing Base Certificate. See §7.4(c).
Appears in 3 contracts
Sources: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)