Common use of Unhedged Variable Rate Debt Clause in Contracts

Unhedged Variable Rate Debt. The Borrower will not at any time permit the Unhedged Variable Rate Debt of the REIT and its Subsidiaries on a Consolidated basis to exceed twenty percent (20%) of Gross Asset Value.

Appears in 3 contracts

Sources: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ REIT, Inc.)

Unhedged Variable Rate Debt. The Borrower will not at any time permit the Unhedged Variable Rate Debt of the REIT and its Subsidiaries on a Consolidated basis to exceed twenty percent (20%) of Gross Consolidated Total Asset Value.

Appears in 3 contracts

Sources: Term Loan Agreement (Mid America Apartment Communities Inc), Term Loan Agreement (Mid America Apartment Communities Inc), Credit Agreement (Mid America Apartment Communities Inc)

Unhedged Variable Rate Debt. The Borrower will shall not at any time permit the Unhedged Variable Rate Debt of the REIT Borrower, the Guarantors and its their respective Subsidiaries on a Consolidated basis to exceed twenty percent (20%) of Gross Asset Value.

Appears in 2 contracts

Sources: Credit Agreement (Behringer Harvard Reit I Inc), Credit Agreement (Behringer Harvard Reit I Inc)

Unhedged Variable Rate Debt. The Borrower will shall not at any time permit the Unhedged Variable Rate Debt of the REIT Borrower and its Subsidiaries on a Consolidated basis to exceed twenty thirty percent (2030%) of Gross Asset Value.

Appears in 2 contracts

Sources: Term Loan Agreement (Dupont Fabros Technology, Inc.), Credit Agreement (Dupont Fabros Technology, Inc.)

Unhedged Variable Rate Debt. The Borrower will shall not at any time permit the Unhedged Variable Rate Debt of the REIT Parent and its Subsidiaries on a Consolidated basis (other than the Obligations) to exceed twenty thirty percent (2030%) of Gross Total Asset Value.

Appears in 1 contract

Sources: Secured Credit Agreement (Rouse Properties, Inc.)

Unhedged Variable Rate Debt. The Borrower will not at any time permit the Unhedged Variable Rate Debt of the REIT Borrower and its Subsidiaries on a Consolidated basis (excluding the Obligations) to exceed twenty ten percent (2010%) of Gross Total Asset Value.

Appears in 1 contract

Sources: Credit Agreement (New Senior Investment Group Inc.)