Consolidated Total Capitalization. Permit at any time the Consolidated Capitalization Ratio to be greater than 0.70 to 1.00.
Consolidated Total Capitalization. As of any date of determination, with respect to MCRC, the Borrower and their respective Subsidiaries determined on a consolidated basis in accordance with GAAP; the sum (without double-counting) of (a) Consolidated Capitalized NOI PLUS (b) the value of Unrestricted Cash and Cash Equivalents (excluding until forfeited or otherwise entitled to be retained by the Borrower or its Subsidiaries, tenant security and other restricted deposits), PLUS (c) the aggregate costs incurred and paid to date by the Borrower and its Subsidiaries with respect to Construction-In-Process, PLUS (d) the value of Indebtedness of third parties to the Borrower and its Subsidiaries for borrowed money which is secured by mortgage liens in real estate (valued in accordance with GAAP at the book value of such Indebtedness and not then more than 90 days past due or declared by the Borrower or its Subsidiary to be past due), PLUS (e) the actual net cash investment by the Borrower and its Subsidiaries in any Opportunity Funds (wherein such Opportunity Fund (x) does not have any Indebtedness that is then more than 90 days past due or (y) has not been declared to be in default of any monetary or material monetizable obligations), PLUS (f) the book value of Unimproved Non-Income Producing Land PLUS (g) the value of Eligible Cash 1031 Proceeds; PROVIDED that the value of all permitted investments included within Consolidated Total Capitalization (other -8- than Eligible Cash 1031 Proceeds) shall not exceed the limitations set forth in Section 9.8 hereof.
Consolidated Total Capitalization. As of any date of determination, with respect to MCRC, the Borrower and their respective Subsidiaries determined on a consolidated basis in accordance with GAAP, the sum (without double-counting) of:
Consolidated Total Capitalization. The sum of (i) Indebtedness of Borrower and its Consolidated Subsidiaries, plus (ii) the sum of the Capital Stock (excluding treasury stock and capital stock subscribed for and unissued) and surplus (including earned surplus, capital surplus, translation adjustment, the balance of the current profit and loss account not transferred to surplus and accumulated comprehensive other income) accounts of Borrower and its Consolidated Subsidiaries appearing on a consolidated balance sheet of Borrower and its Consolidated Subsidiaries, in each case prepared as of the date of determination in accordance with GAAP, after eliminating all intercompany transactions and all amounts properly attributable to minority interests, if any, in the stock and surplus of Subsidiaries.
Consolidated Total Capitalization. (i) Consolidated Total Debt (see the amount set forth in clause A.1.(x) above): $[ , , ]
Consolidated Total Capitalization. At any date of determination, the sum of (a) Consolidated Total Debt at such date, and (b) the aggregate of all amounts which would appear in accordance with GAAP on a balance sheet of the Borrower and its consolidated Subsidiaries at such date opposite the headings "Common stock investment", "Preferred stock" and "Preferred stock subject to mandatory redemption" or any similar items.
Consolidated Total Capitalization. The shareholders’ equity of Borrower and its Subsidiaries determined on a Consolidated basis as of such date in accordance with GAAP (excluding the effect of Statement of Financial Accounting Standards No. 115) $ Plus: * Consolidated Total Debt (from above) $ Equals $
Consolidated Total Capitalization. Permit at any time Consolidated Indebtedness to be greater than fifty-five percent (55%) of Consolidated Total Capitalization.
Consolidated Total Capitalization. As of any date of determination, with respect to MCRC, the Borrower and their respective Subsidiaries determined on a consolidated basis in accordance with GAAP; the sum of (a) Consolidated Capitalized NOI plus (b) the value of Unrestricted Cash and Cash Equivalents (excluding until forfeited or otherwise entitled to be retained by the Borrower, and its Subsidiaries, tenant security and other restricted deposits), plus (c) the aggregate costs incurred and paid to date by the Borrower and its Subsidiaries with respect to Construction-In-Process plus (d) the value of Indebtedness of third parties to the Borrower and its Subsidiaries for borrowed money which is secured by mortgage liens in real estate (valued in accordance with GAAP at the book value of such Indebtedness) plus (e) the actual net cash investment by the Borrower and its Subsidiaries in any Opportunity Funds plus (f) the book value of Unimproved Non-Income Producing Land; provided that the value of all permitted investments included within Consolidated Total Capitalization shall not exceed the limitations set forth in ss.9.8 hereof.
Consolidated Total Capitalization. As of any date of determination, with respect to MCRC, the Borrower and their respective Subsidiaries determined on a consolidated basis in accordance with GAAP; the sum (without double-counting) of (a) Consolidated Capitalized NOI PLUS (b) the value of Unrestricted Cash and Cash Equivalents (excluding until forfeited or otherwise entitled to be retained by the Borrower or its Subsidiaries, tenant security and other restricted deposits), PLUS (c) the aggregate costs incurred and paid to date by the Borrower and its Subsidiaries with respect to Construction-In-Process, PLUS (d) the value of Indebtedness of third parties to the Borrower and its Subsidiaries for borrowed money which is secured by mortgage liens in real estate (valued in accordance with GAAP at the book value of such Indebtedness and not then more than 90 days past due or declared by the Borrower or its Subsidiary to be past due), PLUS (e) the actual net cash investment by the Borrower and its Subsidiaries in any Opportunity Funds (wherein such Opportunity Fund (x) does not have any Indebtedness that is then more than 90 days past due or (y) has not been declared to be in default of any monetary or material monetizable obligations), PLUS (f) the book value of Unimproved Non-Income Producing Land PLUS (g) the value of Eligible Cash 1031 Proceeds; PROVIDED that the value of all permitted investments included within Consolidated Total Capitalization (other than Eligible Cash 1031 Proceeds) shall not exceed the limitations set forth in Section 9.8 hereof.
