Construction Investments. Permit the outstanding principal amount, accrued interest on and related fees in connection with its Construction Investments to exceed an amount equal to 35% of Consolidated Total Assets; provided, the Borrower shall not make a Construction Investment for a Facility unless (i) there is included in the terms thereof an agreement for the conversion of the Borrower’s interests in such Facility upon the completion thereof into full ownership or a mortgage interest, and (ii) if a mortgage interest, the Borrower shall retain a first Lien on such Facility.
Construction Investments. The Company and its Subsidiaries shall not permit the Construction Investments of the Company and its Subsidiaries to exceed twenty-five percent (25%) of Gross Real Estate Investments. In addition, neither the Company nor any Subsidiary shall make a Construction Investment for a Facility unless (i) there is included in the terms thereof an agreement for the conversion of the Company's or such Subsidiary's interests in the Facility upon the completion thereof into full ownership, a mortgage interest or majority partnership interest and (ii), if a mortgage interest, the Company or a Subsidiary of the Company shall receive or retain a first Lien in such Facility and otherwise satisfy all Legal Requirements.
Construction Investments. Total Construction Investments Construction Loans $ Construction in Process Total Consolidated Total Assets Construction as % of Total Investments Maximum Construction Investments 35.00 %
Construction Investments. Permit the outstanding principal amount, accrued interest on and related fees in connection with its Construction Investments to exceed (i) an amount equal to twenty (20%) percent of the Borrowers' consolidated Investments in Healthcare Assets through and including March 28, 1999, and (ii) an amount equal to seventeen and one-half (17.5%) percent of the Borrowers' consolidated Investments in Healthcare Assets at any time thereafter; provided, the Borrowers shall not make a Construction Investment for a Facility unless (i) there is included in the terms thereof an agreement for the conversion of the Borrower(s) interests in the Facility upon the completion thereof into full ownership or a mortgage interest, and (ii) if a mortgage interest, the Borrower(s) shall retain a first Lien on such Facility."
Construction Investments. The Company and its Subsidiaries shall not permit the Construction Investments of the Company and its Subsidiaries to exceed twenty-five percent (25%) of Gross Real Estate Investments. In addition, neither the Company nor any Subsidiary shall
Construction Investments. 52 Section 7.8 Interest Rate Protection.................................52 Section 7.9 Dividends................................................52 Section 7.10 Amendment of Declaration of Trust.......................52 Section 7.11 Future Leases...........................................52 Section 7.12 Leases..................................................53 Section 7.13
Construction Investments. 56 Section 7.9. Interest Rate Protection. . . . . . . . . . . . . . . . . . . . . . . . . . . . ..57 Section 7.10. Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..57 Section 7.11. Amendment of Declaration of Trust. . . . . . . . . . . . . . . . . . . . . . . ..57 Section 7.12. Future Leases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..57 Section 7.13. Leases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..57 Section 7.14. Prohibited Transactions. . . . . . . . . . . . . . . . . . . . . . . . . . . . ..58 Section 7.15. Mergers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..58 Section 7.16. Change in Business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..58 Section 7.17. Issuance of Stock by Subsidiaries. . . . . . . . . . . . . . . . . . . . . . . ..58 Section 7.18. Sale of Stock and Indebtedness. . . . . . . . . . . . . . . . . . . . . . . . . ..58 7 (vi)
Construction Investments. 72 9.18. Consent to Leasehold Transfers......................................................................72 9.19.
Construction Investments. 60 Section 8.8 Interest Rate Protection ................................ 60 Section 8.9 Dividends ............................................... 60 Section 8.10 Amendment of Declaration of Trust or Charter Documents ............................................... 60 Section 8.11 Future Leases .......................................... 60 Section 8.12 Leases ................................................. 61 Section 8.13 Prohibited Transactions ................................ 61 Section 8.14 Mergers ................................................ 61 Section 8.15 Change in Business ..................................... 62 Section 8.16 Issuance of Stock by Subsidiaries ...................... 62 Section 8.17 Sale of Stock and Indebtedness ......................... 62 Section 8.18 Transactions with Affiliates ........................... 63 Section 8.19 Guarantees ............................................. 63
Construction Investments. Permit the outstanding principal amount, accrued interest on and related fees in connection with its Construction Investments to exceed an amount equal to 35% of Consolidated Total Assets.
