Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Borrower with any financial covenant contained in any of the Loan Documents, only the Ownership Share of the Borrower of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiary.
Appears in 13 contracts
Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.), Credit Agreement (Smith Douglas Homes Corp.)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Borrower Borrower, the Parent, or any Wholly Owned Subsidiary with any financial covenant contained in any of the Loan Documents, only the Ownership Share pro rata share of the Borrower Borrower, the Parent, or the Wholly Owned Subsidiary, as applicable, of the financial attributes assets and liabilities of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 12 contracts
Samples: Term Loan Agreement (Kite Realty Group Trust), Term Loan Agreement (Kite Realty Group, L.P.), Credit Agreement (Kite Realty Group Trust)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and Borrower’s compliance by the Borrower with any financial covenant contained in any of the Loan Documents, only the Ownership Share of the Borrower Borrower’s pro rata share of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 10 contracts
Samples: Credit Agreement; And Waiver Agreement (Morgans Hotel Group Co.), Credit Agreement (Federal Realty Investment Trust), Credit Agreement (Government Properties Trust Inc)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Borrower or the Parent with any financial covenant contained in any of the Loan Documents, only the Ownership Share of the Borrower or the Parent, as applicable, of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 9 contracts
Samples: Term Loan Agreement (DiamondRock Hospitality Co), Term Loan Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Borrower or the Parent with any financial covenant contained in any of the Loan Documents, only the Ownership Share pro rata share of the Borrower or the Parent, as applicable, of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 7 contracts
Samples: Credit Agreement (Kite Realty Group Trust), Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)
Financial Attributes of Non-Wholly Owned Subsidiaries. When Except as expressly set forth herein, when determining the Applicable Margin and compliance by the Borrower with any financial covenant contained in any of the Loan Documents, Documents only the Ownership Share of the Borrower of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 6 contracts
Samples: Term Loan Agreement (Federal Realty Investment Trust), Credit Agreement (Federal Realty Investment Trust), Term Loan Agreement (Federal Realty OP LP)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Borrower with any financial covenant contained in any of the Loan Documents, Documents only the Ownership Share of the Borrower of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 3 contracts
Samples: Credit Agreement (United Dominion Realty L P), Credit Agreement (United Dominion Realty L P), Credit Agreement (Aimco Properties L.P.)
Financial Attributes of Non-Wholly Owned Subsidiaries. When Notwithstanding anything herein to the contrary, when determining the Applicable Margin and compliance by the Borrower with any financial covenant contained in any of the Loan Documents, Documents only the Ownership Share of the Borrower of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 3 contracts
Samples: Term Loan Agreement (Colonial Realty Limited Partnership), Term Loan Agreement (Colonial Realty Limited Partnership), Credit Agreement (Colonial Realty Limited Partnership)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin prior to the Investment Grade Rating Date and when determining compliance by the Borrower with any financial covenant contained in any of the Loan Documents, only the Ownership Share of the Borrower of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 3 contracts
Samples: Pledge Agreement (Select Income REIT), Term Loan Agreement (Select Income REIT), Credit Agreement (Select Income REIT)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Borrower with any financial covenant contained in any of the Loan DocumentsDocument, only the Ownership Share of the Borrower of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 3 contracts
Samples: Bridge Loan Agreement (Select Income REIT), Credit Agreement (Select Income REIT), Credit Agreement (Select Income Reit)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Borrower Parent or the Borrowers with any financial covenant contained in any of the Loan Documents, Documents only the Ownership Share of the Borrower Parent or the Borrowers, as applicable, of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 2 contracts
Samples: Option and Subordination Agreement (CapLease, Inc.), Credit Agreement (American Realty Capital Properties, Inc.)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Parent or the Borrower with any financial covenant contained in any of the Loan Documents, only the Ownership Share of the Borrower Parent or the Borrower, as applicable, of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Excel Trust, Inc.), Credit Agreement (Excel Trust, Inc.)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and Borrower’s compliance by the Borrower with any financial covenant contained in any of the Loan Credit Documents, only the Ownership Share of the Borrower Borrower’s pro rata share of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 1 contract
Samples: Credit Agreement (St Joe Co)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Parent or the Borrower with any financial covenant contained in any of the Loan Documents, Documents only the Ownership Share of the Borrower Parent or the Borrower, as applicable, of the financial attributes of a Subsidiary an Unconsolidated Affiliate that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 1 contract
Samples: Credit Agreement (CapLease, Inc.)
Financial Attributes of Non-Wholly Owned Subsidiaries. When determining the Applicable Margin and compliance by the Borrower with any financial covenant contained in any of the Loan Documents, only the Ownership Share of the Borrower Borrowers' pro rata share of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiaryincluded.
Appears in 1 contract
Samples: Credit Agreement (Lexington Corporate Properties Trust)
