Ratio of Unsecured Indebtedness to Unencumbered Asset Value. The Borrower shall not permit the ratio of (i) Unsecured Indebtedness of Spirit REIT and its Subsidiaries to (ii) Unencumbered Asset Value to exceed 0.60:1.00 as of the last day of any fiscal quarter.
Appears in 3 contracts
Samples: Term Loan Agreement (Spirit Realty, L.P.), Term Loan Agreement (Spirit Realty, L.P.), Revolving Credit and Term Loan Agreement (Spirit Realty, L.P.)
Ratio of Unsecured Indebtedness to Unencumbered Asset Value. The Borrower shall not permit the ratio of (i) Unsecured Indebtedness of Spirit Xxxxxx REIT and its Subsidiaries Subsidiaries, on a consolidated basis (which shall include Xxxxxx REIT’s Ownership Share of Unconsolidated Affiliates in accordance with Section 1.2), to (ii) Unencumbered Asset Value Value, to exceed 0.60:1.00 as of the last day of 0.60 to 1.00 at any fiscal quartertime.
Appears in 2 contracts
Samples: Credit Agreement (Hudson Pacific Properties, Inc.), Credit Agreement (Hudson Pacific Properties, Inc.)
Ratio of Unsecured Indebtedness to Unencumbered Asset Value. The Borrower shall not permit the ratio of (i) the aggregate principal amount of Unsecured Indebtedness of Spirit REIT the Borrower and its Subsidiaries determined on a consolidated basis to (ii) Unencumbered Asset Value of the Borrower and its Subsidiaries determined on a consolidated basis, to exceed 0.60:1.00 as of the last day of 0.60 to 1.00 at any fiscal quartertime.
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Ratio of Unsecured Indebtedness to Unencumbered Asset Value. The Borrower shall not permit the ratio of (i) Unsecured Indebtedness of Spirit REIT the Borrower and its Subsidiaries to (ii) the Unencumbered Asset Value to exceed 0.60:1.00 as of the last day of 0.60 to 1.00 at any fiscal quartertime.
Appears in 1 contract
Samples: Credit Agreement (Saul Centers Inc)
Ratio of Unsecured Indebtedness to Unencumbered Asset Value. The Borrower shall not permit the ratio of (i) Unsecured Indebtedness of Spirit REIT the Borrower and its Subsidiaries to (ii) the Unencumbered Asset Value to exceed 0.60:1.00 as of the last day of 0.60 to 1.00 at any fiscal quarter.time. (e)
Appears in 1 contract
Samples: Credit Agreement (Saul Centers Inc)
Ratio of Unsecured Indebtedness to Unencumbered Asset Value. The Borrower shall not permit the ratio of (i) Unsecured Indebtedness of Spirit REIT and its Subsidiaries to (ii) Unencumbered Asset Value to exceed 0.60:1.00 as of the last day of at any fiscal quartertime.
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