Limitation on Incurrence of Total Debt. “The Operating Partnership will not, and will not cause or 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 thereof on a pro forma basis, the aggregate principal amount of all outstanding Debt of the Operating Partnership and its Subsidiaries on a consolidated basis determined in accordance with GAAP is greater than 60% of the sum of (without duplication):
Appears in 5 contracts
Samples: Third Supplemental Indenture (Mid-America Apartments, L.P.), Second Supplemental Indenture (Mid-America Apartments, L.P.), First Supplemental Indenture (Mid-America Apartments, L.P.)
Limitation on Incurrence of Total Debt. “The Operating Partnership will not, and will not cause or 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 thereof on a pro forma basis, the aggregate principal amount of all outstanding Debt of the Operating Partnership and its Subsidiaries on a consolidated basis determined in accordance with GAAP is greater than 60% of the sum of (without duplication):
Appears in 5 contracts
Samples: Seventh Supplemental Indenture (Mid-America Apartments, L.P.), Third Supplemental Indenture (Mid-America Apartments, L.P.), Sixth Supplemental Indenture (Mid-America Apartments, L.P.)
